Its largest source of value today is its majority stake in Prosus, the Amsterdam-listed technology investor created in 2019 to house Naspers' international assets. Prosus holds about 26% of Chinese tech giant Tencent, making it the single most significant driver of the group's market valuation. Naspers announced that the share split, approved at its recent AGM, will apply to both N ordinary and A ordinary shares from October 6, with adjusted prices reflected from that date. Shareholders will receive five shares for every one they currently hold, with no change to the overall value of their holdings. The move comes as Naspers' shares reached among the highest nominal values on the JSE, deterring retail participation, although fractional ownership options exist on some trading platforms. By cutting the price per share, Naspers aims to broaden its investor base and improve liquidity. For Naspers, which has long struggled with a persistent valuation discount relative to its assets, it could improve optics.