Naspers is now worth a trillion rand - TechCentral

Naspers is now worth a trillion rand

The Naspers head office in Cape Town

The Naspers head office in Cape Town

Renewed bullishness towards media and Internet giant Naspers has pushed its market capitalisation above R1 trillion for the first time.

On Tuesday, Naspers’s share price jumped to a new all-time high of R2 320,73, pushing its market value into 13-digit territory.

Shortly after 10am, the share was trading at R2 319, which translated into a market capitalisation — calculated by multiplying the share price by the number of shares in issues — of R1,02 trillion.

Year to date, Naspers has appreciated by 9,4%, while over the past 12 months, the counter has added 29,9%. An investment five years ago of R10 000 would now be worth R58 710, while the same investment 10 years ago would have netted a return of R182 600.

Naspers has strongly outperformed the market mainly thanks to its roughly one-third investment in China’s fast-growing Internet giant Tencent.

The group owns a range of Internet and e-commerce businesses around the world. It also owns DStv and SuperSport parent MultiChoice.  — (c) 2016 NewsCentral Media

2 Comments

  1. Soon to rise even more once Hlaudi no-matric Motsoeneng’s 80% ANC content programming gets going next week at Awkward Park.

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