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Port Elizabeth - The growth in value in Naspers since its listing on the JSE in September 1994 has not been a single pica less than astounding – a pica being a measure of letter size used in a printing factory, which was where Naspers started.
Naspers was established in 1915 in Cape Town with a single newspaper, Die Burger.
Today, Naspers has developed into the largest international electronic and internet-driven media group outside the US and China measured by market capitalisation. At the close of the market on Friday, the group’s value exceeded R530bn.
On Saturday, the multinational mass media company announced that the company will for the first time be headed by a foreigner when Bob van Dijk takes over the reigns from outgoing CEO Koos Bekker.
Van Dijk, who joined Naspers in August 2013, lives in his birth country, the Netherlands.
In the next 12 months, Bekker will travel the world in search of the "next big wave" to drive Naspers' astounding growth before he takes over as chairperson from Ton Vosloo in April next year.
This year, Naspers will celebrate its 20th anniversary as a listed company. Investors who had the opportunity to take up shares prior to the listing at R17.50 have seen remarkable growth, as well as those who had to buy shares at around R20 during the first day of trade.
An investment of R10 000 in 1994 at the pre-listing price of R17.50 would have bought some 570 shares, which are worth nearly R725 000 today. During the last 19 years, dividends totalled more than R20 per share, meaning that an investor who bought 570 shares would have seen his R10 000 investment grow to R736 500.
If you had to buy shares in the market at around R21 – at which the share price closed after the first day of trading – your R10 000 would have bought roughly 475 shares. This investment would be worth nearly R614 000 today, including dividends received.
An investment in Naspers would have outperformed the market significantly. A R10 000 investment in the general market would not have reached R100 000 over the same period.
Naspers has been scaling new highs during the last year and during the last few weeks, due to the strong increase in value of its investment in Chinese internet company Tencent. Naspers holds an interest of just over 30% in Tencent, the largest internet service provider and internet portal in China.
International investors have been acquiring Tencent shares lately on speculation that it would take a 20% stake in Chinese restaurant-review site Dianping for $400m. It will expand its social media empire beyond messaging, games and stickers.
On Friday, Naspers' share price closed up 2.51% or R31.28 at R1 276.48, just short of its record high of R1 304.40 reached on February 19. Naspers is up nearly 16% already this year after more than doubling last year.
- Fin24
* Fin24 is part of Media24, a subsidiary of Naspers.
Naspers was established in 1915 in Cape Town with a single newspaper, Die Burger.
Today, Naspers has developed into the largest international electronic and internet-driven media group outside the US and China measured by market capitalisation. At the close of the market on Friday, the group’s value exceeded R530bn.
On Saturday, the multinational mass media company announced that the company will for the first time be headed by a foreigner when Bob van Dijk takes over the reigns from outgoing CEO Koos Bekker.
Van Dijk, who joined Naspers in August 2013, lives in his birth country, the Netherlands.
In the next 12 months, Bekker will travel the world in search of the "next big wave" to drive Naspers' astounding growth before he takes over as chairperson from Ton Vosloo in April next year.
This year, Naspers will celebrate its 20th anniversary as a listed company. Investors who had the opportunity to take up shares prior to the listing at R17.50 have seen remarkable growth, as well as those who had to buy shares at around R20 during the first day of trade.
An investment of R10 000 in 1994 at the pre-listing price of R17.50 would have bought some 570 shares, which are worth nearly R725 000 today. During the last 19 years, dividends totalled more than R20 per share, meaning that an investor who bought 570 shares would have seen his R10 000 investment grow to R736 500.
If you had to buy shares in the market at around R21 – at which the share price closed after the first day of trading – your R10 000 would have bought roughly 475 shares. This investment would be worth nearly R614 000 today, including dividends received.
An investment in Naspers would have outperformed the market significantly. A R10 000 investment in the general market would not have reached R100 000 over the same period.
Naspers has been scaling new highs during the last year and during the last few weeks, due to the strong increase in value of its investment in Chinese internet company Tencent. Naspers holds an interest of just over 30% in Tencent, the largest internet service provider and internet portal in China.
International investors have been acquiring Tencent shares lately on speculation that it would take a 20% stake in Chinese restaurant-review site Dianping for $400m. It will expand its social media empire beyond messaging, games and stickers.
On Friday, Naspers' share price closed up 2.51% or R31.28 at R1 276.48, just short of its record high of R1 304.40 reached on February 19. Naspers is up nearly 16% already this year after more than doubling last year.
- Fin24
* Fin24 is part of Media24, a subsidiary of Naspers.
