Naspers has surpassed market expectations and become the first company to break through the R2000/share barrier — thanks to its China-based associate company Tencent. But the share price has reverted to trading under R2000, though it may end the year back at that level. Naspers’ share price is correlated closely with the share movement of Tencent, which accounts for almost all Naspers’ value. Tencent operations include online games and instant chat services. Naspers has over the years transitioned from a media house into Africa’s biggest Internet provider. Abdul Davids comments.
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