Naspers/Prosus R12bn Russian writeoff - not much of an impact, but watch out for China Factor - Sean Peche

There's good and bad news in this typically forthright podcasted interview with Ranmore Funds' Sean Peche. On the plus side, the Naspers/Prosus group's $700m write-off on Russia's VK Group (formerly Mail.ru) is less than half a percentage point of the group's net assets. On the downside, investors are suddenly aware that the risk of assets in dictatorships are very real indeed - with flags waving anew around the Naspers/Prosus investment in China's Tencent. Peche suggests the South African group should cut a deal with Tencent for the Chinese company to buy back a slug of its shares owned by Naspers/Prosus. Doing so, he reckons, would have a positive impact on a stock price that has been in freefall of late. Learn more about your ad choices. Visit megaphone.fm/adchoices