Heystek, Viljoen weigh in on Naspers 2% reduction in Tencent

South African multinational Naspers is planning to sell a further 2% of its Tencent shareholding. According to The Wall Street Journal, this will drop their stake from 30.9% to 28.9%. The planned sale sparked a debate on the BizNews Power Hour, with Piet Viljoen concluding that 'a 5% Naspers share price drop shows investors believe the group's managers will waste the money'. Magnus Heystek also contributes to the discussion. Learn more about your ad choices. Visit megaphone.fm/adchoices