Peter Armitage CEO Anchor Capital weighs in exclusively on Naspers Prosus and Tencent in the C-SUITE #2

Naspers and Prosus make up more than 20% of the South African All Share Index. Within Naspers and Prosus 82% of the net asset value is in Tencent. Tencent is the biggest listed company in China and the company is currently around 40% off it's highs. On balance Anchor Capital is of the view that shareholders, risk profile dependent, should hold fast in the face of market turmoil prompted by China's tightening regulatory grip over technology companies.