The Greatest Investment!
Quote from Ndubuisi Ekekwe on March 18, 2019, 9:40 AMI referred to it in another post - here is the main link:
"So when South Africa's Naspers invested in China-based Tencent $34 million, it was making a huge call, in 2001. Today, that $34m berth is now worth $170 billion (with b), based on Tencent's current market capitalization. Magically, Naspers is the 65th most valuable company in the world. That berth is perhaps the greatest investment in Africa." Dec '17
That is the deal that has fueled recent South African commerce. In the Johannesburg Stock Exchange, Naspers is dominant.
I referred to it in another post - here is the main link:
"So when South Africa's Naspers invested in China-based Tencent $34 million, it was making a huge call, in 2001. Today, that $34m berth is now worth $170 billion (with b), based on Tencent's current market capitalization. Magically, Naspers is the 65th most valuable company in the world. That berth is perhaps the greatest investment in Africa." Dec '17
That is the deal that has fueled recent South African commerce. In the Johannesburg Stock Exchange, Naspers is dominant.