Naspers Stocks Have Just Torn Through R1,000 Per Share

06 Dec 2013 by Jasmine Stone in Economics, Finance, Money

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Koos Bekker’s Naspers is doing very, very well. Thanks for asking. And it’s all on the back of TenCent, and a weak Rand.

This, from Fin24:

At 10:22, Naspers shares, which gained over 80% this year, were changing hands at a new record high of R1010.98, tracking a surge in Tencent shares in Hong Kong.

Reuters reported that Tencent Holdings spiked 2.3% to a record high as investors rotated back to counters this week which had underperformed since Beijing unveiled a bold reform agenda in mid-November.

They grown 80%? Jislaaik!

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[Source : Fin24]

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