Naspers and Prosus shares down - but sudden CEO exit not to blame, analysts say

Shares in Naspers and Prosus weakened on Tuesday, but probably not in reaction to CEO Bob van Dijk's sudden exit after about a decade at the helm, analysts said on Monday.

Shares in both companies were down by 3% earlier in the day but clawed back some of their losses before the end of the trading. Naspers lost 1.7% to R3 180.

The group's consumer internet arm Prosus, the R1.6 trillion company which Van Dijk had also headed since it was spun out of Naspers in 2019, fell 2% to R588.