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Published On: Thu, Jul 11th, 2019

South Africa: Taxman May Get a R7 Billion Boost From Naspers’s Prosus Listing

[Daily Maverick] The listing of Naspers offshoot Prosus is a big deal. A very big deal. Naspers is now as valuable as AngloAmerican, MTN, Shoprite, Sasol, Woolworths and Goldfields put together. And because it’s so big, the tax implications are big too. For one thing, government stands to make R7-billion or so from capital gains tax alone on the deal. The tax implications for shareholders will be huge too. So what to do?
AllAfrica News: Stock Markets

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South Africa: Taxman May Get a R7 Billion Boost From Naspers’s Prosus Listing