Cape Town - An investment of R10 000 in Naspers [JSE:NPN] shares in 2001 would have been worth R1.67m today, Mof Terreblanche, a director of Stonehage Investment Partners, told Fin24 on Monday.
READ: Naspers bursts through R2 000-mark
Naspers' share price reached a new record on Monday by breaking through the level of R2 000 per share.
Terreblanche pointed out that on April 20 2014 the Naspers share price was R982 per share, and on October 15 2014 it was R1 169/share.
Naspers' investment in Chinese internet giant Tencent has made a great contribution to its share price performance.
The strong increase in the Chinese markets pushed Tencent, in which Naspers has a 35% stake, to a new record, explained Terreblance.
"Naspers has a capitalisation value of R838bn and is currently the third-largest company on the JSE," he said.
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According to Terreblance, Naspers' listing on the JSE on September 12 1994 was responsible for headlines and new records at the time.
The value of Naspers shares on that day was R132.5m - at the time it was the highest value ever obtained for a single share traded on a given day. The value was equal to 44% of the average daily turnover of R300m.
The listing price was R17.50/share and the closing price after the first day's trading was R21.00/share.
If a person had invested R100 000 into Naspers when it first listed on the JSE, that investment would have been worth R26m by September 2013.
ALSO READ: R100 000 in Naspers over 19 years worth R26m
*Fin24 is part of Media24, which is owned by Naspers.