Naspers associate has rallied 9% so far this, returning it to levels last seen in August 2018
The JSE is likely to open slightly higher on Wednesday thanks in part to a three-day share rally by Naspers’s associate company, Tencent, and a strong opening from BHP Group in Australia.
Naspers, which owns about 31% of Tencent, has gained about 3% this week, placing the stock at its best level since September 2018. JSE-listed companies due to report earnings on Wednesday include Grindrod, Afrox, Murray & Roberts, and Vivo Energy.
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