Stephen Meintjes, Head of Research at Momentum Securities says that his top stock picks amid the Covid-19 crisis is Naspers and Prosus, exception stocks such as Afrimat and Raubex and the Telco’s sector big players Vodacom and MTN as there was an increase in demand for online and data consumption during lockdown.
The booming Chinese tech industry gives opportunities for big gains from that marketplace. CNBC International spoke to one of the Chinese big tech players, Group CEO of Naspers and Prosus, Bob van Dijk, about how he looks at Chinese tech industry.
It’s the biggest stock news of the day as internet group Prosus lists on Amsterdam’s Euronext. Meryl Pick, Fund Manager at Old Mutual Investment Group weighs in on how we should be looking at this new listing as well as other opportunities in the market.
It's decision time for Naspers shareholders. They are required to make a choice between taking up shares in Prosus, the new European-listed business that will hold Naspers’ non-SA investments, including its stake in Tencent, or taking up additional Naspers shares. Should you elect Prosus shares, which is the outcome if you take no action, you will likely trigger a capital gains tax liability. For example if you own 500 shares you will likely trigger a CGT liability of around R83 033. So what should you do? Henry Biddlecombe, Portfolio Manager at Anchor Capital South Africa joins CNBC Africa for more.