Portfolio Manager Meryl Pick shares key insights into recent market shifts:

• Prosus and Naspers slide: Despite Tencent falling just 4%, both companies dropped nearly 8%, partly due to concerns over Prosus' Just Eat acquisition. Investors expected a focus on operational efficiencies rather than new M&A deals.
• Sasol’s mixed signals: The company posted a 30% drop in earnings but showed improved cash flow, offering a potential path to recovery. However, long-term challenges remain in the global energy transition.