{"id":211727,"date":"2017-11-20T16:41:21","date_gmt":"2017-11-20T14:41:21","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=211727"},"modified":"2017-11-20T16:41:21","modified_gmt":"2017-11-20T14:41:21","slug":"naspers-share-price-hits-r4000","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/211727\/naspers-share-price-hits-r4000\/","title":{"rendered":"Naspers share price hits R4,000"},"content":{"rendered":"

JSE-listed internet and media giant Naspers hit R4,000 a share on Monday afternoon, amid continued optimism over Chinese internet company, Tencent, in which the South African company has a 33.2% stake.<\/p>\n

Last week (Wednesday, 15 November), Tencent reported a 61% increase in revenue for its third quarter to $9.8 billion, fueled by advertising and and sales in its gaming segment.<\/p>\n

Naspers has shown big gains in 2017, growing 38.5% from R2,888 a share in January, to R4,000 on Monday.<\/p>\n

Over the past 12 months, the stock has nearly doubled, from R2,086 a share in November 2016.<\/p>\n

According to Bloomberg, the trade range for Naspers shares on Monday was between R3,923.96 and R4,000.00.<\/p>\n

On Friday, 17 November, Naspers issued a trading statement saying that it expects half-year earnings to be between 62% and67% higher than the same 2016 period.<\/p>\n

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Read:\u00a0Naspers hits record high as Tencent reports blowout quarter<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Internet and media giant Naspers hit R4,000 a share on Monday afternoon, amid continued optimism over Chinese internet company, Tencent, in which the South African company has a 33.2% stake.<\/p>\n","protected":false},"author":10,"featured_media":15768,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[],"class_list":["post-211727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/211727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=211727"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/211727\/revisions"}],"predecessor-version":[{"id":211737,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/211727\/revisions\/211737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/15768"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=211727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=211727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=211727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}