Naspers jumped 4% at the opening of the Johannesburg Stock Exchange (JSE) on Monday morning after the publication of its annual results for the year to end March 2026 and ended the trading session more than 5% higher at approximately R843 per share.<\/p>\n
Unfortunately, this is still at the lower end of its trading range of the last 12 months due to a strong exchange rate and a decline in the share price of Tencent, its largest investment.<\/p>\n
Read: Prosus profit jumps as bets on e-commerce businesses pay off<\/p>\n
The rand strengthened from around R18 per dollar over the last 12 months to the current R16 and a few cents, while Tencent fell from HK$675 in October 2025 to the current HK$420.<\/p>\n
But the 4% and 5% movement \u2013 even in a few hours \u2013 should not sway shareholders one way or the other.<\/p>\n
\u2018Hold\u2019<\/strong><\/p>\n The prevailing sentiment is still to hold on to Naspers and wait patiently for the continued efforts to reduce the discount between its share price and its net asset value, and the improvement in the Naspers and Prosus group operating subsidiaries.<\/p>\n Over the long term, shareholders have done extremely well since Naspers listed in 1994.<\/p>\n Looking ahead, chair Koos Bekker and CEO Fabricio Bloisi sketch opportunities in an \u201cecosystem\u201d of artificial intelligence \u2013 ever-evolving technology and information gathering, which they say will produce returns for shareholders.<\/p>\n<\/blockquote>\n \u201cBreakthroughs in artificial intelligence mean that we have to evolve our business models faster than normal,\u201d Bekker writes in the latest annual report posted electronically to shareholders on Monday morning.<\/p>\n \u201cWhat do we as a group do that\u2019s useful to society?<\/p>\n \u201cWe bring the convenience of digital tech to people in ways that matter \u2013 food and essentials delivered at home, trading goods securely, paying your purchases online and more. Our investee companies also run ecosystems around online games, communication, entertainment, medicine and more.<\/p>\n \u201cNow we have to do these things ever faster, with less friction,\u201d he says, adding that the Naspers\/Prosus duo will stick to its core values.<\/p>\n \u201cOur code of business ethics and conduct embodies our values.<\/p>\n \u201cThese include robust governance of information and technology. We will also continue to update group policies and introduce new ones as tech and regulations advance,\u201d says Bekker.<\/p>\n He says Tencent remains the group\u2019s most important asset.<\/p>\n<\/blockquote>\n \u201cGiven its superb track record and AI tailwind, we are confident of sustained growth.\u201d<\/p>\n He says CEO Fabricio Bloisi has, since being appointed in mid-2024, inspired the people of Naspers and Prosus with \u201cexceptional leadership\u201d, backed by other senior appointments.<\/p>\n \u201cThe board is confident that our results and progress in the review period amply demonstrate the effectiveness of this strong leadership team. In scale, our platforms and brands serve over 2 billion customers, supported by 45 780 employees.<\/p>\n \u201cOur stakeholders include communities, clients, shareholders, staff, suppliers and many more. We aim to be useful to them,\u201d says Bekker.<\/p>\n The annual report, largely a word-for-word copy of the Prosus annual report, makes no secret that Prosus is the bigger sibling, despite Naspers\u2019s other sizeable interests.<\/p>\n<\/blockquote>\n The Naspers report states: \u201cWe are driven by The Prosus Way which embodies innovation, entrepreneurship, people, results and impact.<\/p>\n \u201cThis is at the heart of our strategy to build a leading lifestyle e-commerce company in Latin America, India and Europe. Our commitment remains to identify potential and scale businesses focused on innovation.<\/p>\n \u201cWe act swiftly, test fearlessly, and adapt iteratively to achieve growth and disrupt traditional models,\u201d it adds.<\/p>\n \u201cTeams are empowered to think ambitiously, aligned with our entrepreneurial spirit.<\/p>\n \u201cWe have cultivated an environment where people can explore bold ideas while staying disciplined in execution through informed prioritisation. These principles allow us to deliver results \u2013 as reflected in the significant growth in adjusted earnings before interest, tax, depreciation and amortisation across our ecosystems portfolio.\u201d<\/p>\n Bekker says the group\u2019s dedication to people \u201cshines through in the development opportunities we provide, fuelling their passion\u201d to craft exceptional customer experiences.<\/p>\n<\/blockquote>\n \u201cAdditionally, by supporting communities, building ecosystems, and aiding skills development in technology and business, we create a broad and lasting impact, not just for shareholders but for all stakeholders.<\/p>\n \u201cThrough this synergistic alignment, The Prosus Way strengthens our ability to build profitable businesses while simultaneously driving our mission to shape a thriving global lifestyle e-commerce landscape.\u201d<\/p>\n Building a global tech company<\/strong><\/p>\n Bloisi says technology is currently rewriting the \u201cwinners\u201d in the era of fast change.<\/p>\n \u201cAt the same time companies and countries need to adapt to a changing world order that has created so much uncertainty.<\/p>\n \u201cTo prosper, we need to anticipate change. Naspers has this capability. In under two years, the group has transformed from a financial holding company to a true global technology operating company enabled by AI \u2013 innovators, entrepreneurs and operators of our lifestyle e-commerce ecosystems in Latin America, India and Europe,\u201d he says, while reiterating the goal of building the group.<\/p>\n \u201cWe are proving that we can adapt faster, innovate better and prosper in these times of change,\u201d says Bloisi.<\/p>\n<\/blockquote>\n \u201cOur ambition is to build the next $100 billion in value for Prosus by creating thriving regional lifestyle e-commerce ecosystems that will position Naspers as a global tech company.\u201d<\/p>\n He says the 2027 financial year will be a year of execution, repeating his aim of adding value.<\/p>\n \u201cWe are positioning Naspers as a global tech company poised to ride the next growth curve of technology. I believe we are making real progress towards our goal of creating another $100 billion in value.<\/p>\n \u201cAchieving this goal will bring challenges, particularly through increased competition in our regions as others identify the opportunities we are already pursuing,\u201d he says, adding that the group is\u00a0ready for these challenges.<\/p>\n \u201cI believe we are building something exponential, not incremental, with results that will compound for many years into a strong future for Naspers,\u201d says Bloisi.<\/p>\n The promised $100 billion translates to roughly R1.64 trillion at the current exchange rate, and would add another R750 of value per share.<\/p>\n<\/blockquote>\n This promise raises the question of whether the share price can double from current levels.<\/p>\n Read the full results here.<\/p>\n Brought to you by Naspers.<\/em><\/p>\n Moneyweb does not endorse any product or service being advertised in sponsored articles on our platform.<\/em><\/p>\n<\/p><\/div>\n #Naspers #adopts #Prosus<\/p>\n","protected":false},"excerpt":{"rendered":" Naspers jumped 4% at the opening of the Johannesburg Stock Exchange (JSE) on Monday morning after the publication of its annual results for the year to end March 2026 and… <\/p>\n","protected":false},"author":1,"featured_media":9796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[9858,7878,4822],"class_list":["post-9795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-adopts","tag-naspers","tag-prosus"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/9795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9795"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/9795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/9796"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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