WATCH: How NewCo will affect Naspers’s listing abroad

Picture: ISTOCK
Picture: ISTOCK

Multinational internet and media group Naspers plans to form a new global consumer internet group — NewCo — consisting of all its internet businesses outside the local market.

NewCo’s primary listing will be in Amsterdam, with a secondary inward listing on the JSE. Naspers, however, retains its primary listing on the JSE.

Oanda market analyst Ed Moya joined Business Day TV to discuss the announcement and what it could mean for the company’s strategy.

Oanda market analyst Ed Moya talks to Business Day TV about market heavyweight Naspers’s plans

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