Tag: Net Asset Value (NAV)

Private markets are less liquid than public markets. Locking up funds for a significant period is unfamiliar to many private investors. Regulators worldwide are concerned about risks associated with private assets during market stress. A key regulatory focus is on liquidity mismatches in open-ended funds investing in illiquid assets. These mismatches occur when funds allow excessive flexibility on redemptions.

Naspers Limited (JSE: NPN) announced strong revenue growth with profitability in core operations for the year ending 31 March 2022. Building on the prior year’s standout performance, the Group’s ecommerce portfolio delivered revenue growth of 49% to US$10.7 billion.

Prosus N.V. (AEX: PRX) announced strong revenue growth with profitability in core operations for the year ending 31 March 2022. Building on the prior year’s standout performance, the Group’s ecommerce portfolio delivered revenue growth of 51%1 to US$9.8 billion.

Nedbank has released results for the year ended December 2021. Naturally, this was a much happier year for Nedbank than the year before. The commodity cycle pulled our economy through a tough time, which has knock-on benefits for the big banks.

Operating conditions in the first half of 2021 were better than we expected at the start of the year. This was evident in upward revisions to GDP growth, vaccine rollouts gathering pace and positive developments on key reforms in SA.

The Naspers Board is immensely proud of what our people achieved during the past year. They managed the pandemic, delivered powerful revenue growth and lifted profitability. Foundations were laid for future growth. The year ended 31 March 2021 (FY21) was an extraordinary period.

The pharmaceuticals group says its management agreement with Ukusekela is already bearing fruit. Nutritional Holdings says its plan to sign an interim management agreement to manage cannabis company Ukusekela Holdings has already borne fruit, with a return to profitability for the first time in several years.