News Summary:
On May 1, 2026, Coronation Fund Managers increased its exposure to Naspers and Prosus during the first quarter, identifying opportunities amid a global technology stock sell-off driven by investor concerns about AI. Previously, on April 27, 2026, Naspers announced a 5-to-1 share split, a strategic move to enhance liquidity and attract a broader investor base, contributing to its prominence on the Johannesburg Stock Exchange. Also on April 27, Naspers Limited and Prosus N.V. provided an update on their open-ended repurchase programme for ordinary shares in both entities, which was initially announced on June 27, 2022. Earlier, on April 22, 2026, Naspers, through its Media24 unit, explored strategic options for City Press, a historic newspaper, considering either selling the title or closing it down.
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