'Owning Naspers shares comes with existential risk' - Piet Viljoen

Counterpoint’s Piet Viljoen joined the BizNews Power Hour to weight in on the fate of Naspers and Prosus, given that their primary driver - internet giant Tencent - has been one of the worst affected tech companies hit by the muster of the Chinese regulators clamp down on Big Tech. while Viljoen believes that a small allocation to Naspers or Prosus or Tencent can be justified, he finds it ridiculous that people have 20% to 30% to 40% of their portfolio in this one entity, which has existential risk. Viljoen also provides valuable insight into the cyclical nature of the commodities sector and believes that we are in a commodity bull market, which ‘we'll stay in until we see aggressive supply responses from the commodity companies.’ Learn more about your ad choices. Visit megaphone.fm/adchoices