The implementation will kick in from Monday, 6 October 2025. New N ordinary shares will list on the JSE from Wednesday, 1 October, with the record date set for Friday, 3 October.
Management's rationale is straightforward: the Naspers N share price has become one of the highest nominal prices on the JSE, which can crimp liquidity and discourage participation from smaller investors.
On Monday, the share price closed at R5 892.19, meaning for an investor to buy just 100 shares, it would cost them nearly R600 000.