Kaya bizz talking to Nesan Nair, senior portfolio manager at sasfin
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Kaya bizz talks to Nesan Nair, senior portfolio manager at sasfin about:
JSE
ZAR
Naspers list Prosus: Naspers spinoff Prosus listed on the JSE on Wednesday and opened at R1 238 a share. At 9:34 am it traded at R1 214 a share. At 10:56, Naspers traded at R2 416.57 – 31.40% lower than Tuesday’s close.
Rand Merchant Investment, which owns almost 90% of OUTsurance, and also has stakes in Discovery (25%) and Momentum Metropolitan (27%) posted a 7% fall in its headline profit on Wednesday. OUTsurance saw a 13% decline in its profit, due in part to low car premium growth.
Business Confidence
JSE
ZAR
Naspers list Prosus: Naspers spinoff Prosus listed on the JSE on Wednesday and opened at R1 238 a share. At 9:34 am it traded at R1 214 a share. At 10:56, Naspers traded at R2 416.57 – 31.40% lower than Tuesday’s close.
Rand Merchant Investment, which owns almost 90% of OUTsurance, and also has stakes in Discovery (25%) and Momentum Metropolitan (27%) posted a 7% fall in its headline profit on Wednesday. OUTsurance saw a 13% decline in its profit, due in part to low car premium growth.
Business Confidence
