Delphine Govender on the battle between Naspers and its shareholders

A number of South Africa’s top asset managers recently teamed together against the complex shareholding structure and lack of management alignment in South Africa’s two largest businesses – Naspers and Prosus. The Naspers executive team, led by chief executive Bob van Dijk, has been under scrutiny by market participants for a number of years. The discount in its share price to its investment in Chinese tech titan Tencent has widened following a number of unsuccessful corporate actions. Star asset manager Delphine Govender joined the BizNews Power Hour to give her view of the situation as a steward of shareholder funds. Learn more about your ad choices. Visit megaphone.fm/adchoices