Naspers Accounts For 24% Of The FTSE/JSE Top 40 Index

” In 2001, Naspers made an early investment of US$32 million in Chinese internet company Tencent, which turned out to be extraordinarily successful. As of 2018, Naspers had approximately a 31% stake in Tencent, and is, by far, their largest shareholder.[2] Its investment in Tencent also appears to be the main driver of the value of its own stock, and has since overshadowed the operational aspects of the Naspers business. It has also made less notable investments in other technology companies. In December 2018, Naspers invested $1 billion in India’s foodtech giant Swiggy”.[3] Wikipedia

From sashares.co.za: “The Johannesburg Stock Exchange (JSE) is Africa’s largest stock exchange and one of the most dynamic investment jewels in the world. Situated in Africa’s richest square mile, Sandton, the JSE has positively grown and obtained an excellent world-wide reputation.This is testified by the fact that in 2003 the JSE had an estimated 472 listed companies and a market capitalisation of over R 11 trillion, as well as an average monthly traded value of R96.8 billion”. Read more

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https://www.bloomberg.com/news/articles/2019-06-18/naspers-biggest-investor-considers-cutting-16-5-billion-stake

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