Naspers – Africa’s largest company – will list its e-commerce businesses – now called Prosus – on Amsterdam’s Euronext stock exchange in September.
How will the listing affect Naspers shareholders?
Accepting Prosus shares will make you liable for capital gains tax (CGT).
Choosing Naspers shares instead avoids triggering that tax event.
What should you do?
It’s all quite complicated, but Ingram explains it well.
Listen to the interview in the audio below (and scroll down for quotes from it).
This is one heck of a move that will immediately unlock significant value. There’s just a cashflow implication…— Warren Ingram, Personal Finance Advisor - Galileo Capital
For people who really believe in this… don’t say the tax is an issue… just sell a couple of shares!— Warren Ingram, Personal Finance Advisor - Galileo Capital
If you elect not to do this; it requires some work from you… then you can get additional Naspers shares and there is no tax consequence…— Warren Ingram, Personal Finance Advisor - Galileo Capital
I would take the Prosus shares (25%) as well as Naspers (75%) shares…— Warren Ingram, Personal Finance Advisor - Galileo Capital
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
Seattle Coffee Company has the worst takeaway hot chocolate in the country, according to, uhm, "research" by Chaos Theory.
The Money Show's Bruce Whitfield interviews TJ Strydom, a journalist at Business Day and author of Christo Wiese’s biography.
Washington Post technology columnist Geoffrey A. Fowler did a forensic analysis of the Russia-based app. Check it out.
Spartan SME Finance provides finance for small businesses. Bruce Whitfield interviews its CEO, Kumaran Padayachee.
The rand is trading at fair value. It’s the US dollar that's overvalued. Bruce Whitfield interviews George Glynos (ETM Analytics).
South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.
Mail & Guardian investigative editor Thanduxolo Jika unpacks the Public Protector's legal battles.
Home Affairs Minister Aaron Motsoaledi says Qatar has also relaxed entry requirements for SA citizens.
The High Court has ordered that the Public Protector personally pay some of the legal costs for the DA and Casac.
Basic Education Minister Angie Motshekga has called South Africa's education system a "national catastrophe" and a "crisis".