Sean Peche slams Naspers/Prosus management, a voice for South African savers
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A voice for South African savers, UK-based fund manager Sean Peche has had enough of the brutal value destruction taking place at JSE index heavyweights Naspers and Prosus. He has no emotional attachment or position in either company, however, he believes South African savers are being done a terrible injustice. Naspers and Prosus, by virtue of their size, make up a considerable portion of the JSE All Share Index. As a result, South African pensioners and savers – which would be invested in local passive indexes – have large exposure to the investment-holding giants. Numerous capital allocation mishaps and billions of dollars in value destruction, Peche is calling for a change in leadership at the helm of one of South Africa’s largest businesses. Learn more about your ad choices. Visit megaphone.fm/adchoices
