In a resounding black economic empowerment success story, the value of the 20% investment in MultiChoice South Africa by BEE shareholders has increased by 20 times. The shares are currently trading around R170 each and, including total dividends paid to date of just
Browsing: Tencent
Naspers’s video entertainment and Internet businesses showed strong growth in revenue in the year to March 2015, but earnings were once again underpinned by Chinese Internet group Tencent. This as the group
Naspers said on Monday that its core headline earnings, a measure the board considers a reliable indicator of sustainable operating performance, grew by 30% to R11,2bn, up from R8,6bn in 2014
Earlier this week, a senior portfolio manager at a London asset manager sent out a note detailing a recent trip he had taken to the US. The purpose of the visit was to meet with some of the top fund managers there to discuss managing assets for clients
Naspers is one of the most closely watched and debated shares on the JSE. Aside from the fact that it is the bourse’s most pricey share, it has been one of its stellar performers – growing by 430% since 2012. In March 2009, Naspers had a market capitalisation
Naspers investors are breathing a sigh of relief following the release of results from Chinese subsidiary Tencent that were better than analysts had forecast. Net income climbed by
As famously contrarian investors, the one stock Allan Gray might be thought least likely to hold is Naspers. Besides being the flavour of the market, the counter is trading on multiples that most value
Naspers, being heavily exposed to Chinese Internet giant Tencent, has been benefiting from an aggressive rally in Chinese equities since the third quarter of 2014, according to an analyst. Rob Price of ETM Analytics said on Tuesday that the Shanghai composite
Riding high on the growing fortunes of Tencent, in which it holds a 34% stake, Naspers smashed through the R2 000/share barrier in morning trading on the JSE on Monday. It’s the first time the technology and media giant has reached the R2 000/share milestone
If you’d invested R40 000 in the shares of Durban-based technology company Adapt IT five years ago, you’d be a millionaire today. Adapt IT’s shares have risen by a spectacular 2 400% in the past five years, making it the best performing technology counter on the JSE