A R1,000 investment and reinvested dividends in Naspers in 2004 would be worth around R172,020 in 2024, with a compounded annual growth rate of 29.35%.For several decades, it was primarily a publisher and printer of newspapers, magazines, and books. Over this period, it created publications such as Beeld, Rapport, Volksblad, and Huisgenoot.
It formed a partnership with other publishing companies to create the first pay-TV channel in the country — M-Net —run by MultiChoice. Naspers’s growth over the past two decades has been largely due to its 2001 investment in Chinese tech giant Tencent. At the time, Tencent owned WeChat, several fintech apps, and mobile games.
Naspers has tried to duplicate its Tencent success with investments in e-commerce, on-demand food delivery, fintech, classified, and similar online businesses. To house its international assets and try to make the value of its shareholding reflect more accurately, Naspers spun off its Tencent shareholding into a separate company called Prosus in 2019.
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