How much a R1,000 investment in Naspers 20 years ago is worth today

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 35 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 67%

Headline أخبار

JSE,Media24,Multichoice

MyBroadband calculated how much a R1,000 investment in 2004 in one of South Africa’s oldest and most successful businesses would be worth in 2024.

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.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 11. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Here’s why MTN Business won the 2024 MyBroadband Award for Best Business ICT Solutions ProviderMTN Business boasts an extensive market presence, high client satisfaction, and a reputation for innovation.
مصدر: mybroadband - 🏆 11. / 67 اقرأ أكثر »