Johannesburg - The share price of media and internet company Naspers [JSE:NPN] has surged through the R2 000-mark in trade on Monday morning on the Johannesburg Stock Exchange (JSE).
Naspers’ share price was up just close to 4% in trade on Monday morning as it hit R2022.92 at 09:59. This means that Naspers’ market capitalisation is approaching R850bn, according to Bloomberg data.
The company’s share price has also grown by over 90% in the last year
The rise in Naspers’ share price has been helped by its 34% stake in Chinese internet company Tencent.
Tencent owns Chinese internet brands such as QQ and WeChat. The Chinese internet company’s market cap has also surpassed $195.72bn.
Naspers also has a stake in Russia’s Mail.ru while in Africa, Naspers owns pay-television player MultiChoice and media company Media24.
*Fin24 is part of Media24 which is owned by Naspers.