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Naspers bursts through R2 000-mark

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.

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