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South African Tycoon, Koos Bekker Profits $36.7 Million from Naspers Investment

South African billionaire Koos Bekker, known for his technological vision and strategic investments, has significantly increased his position in Naspers, Africa’s largest publicly traded corporation. The conglomerate’s recent performance on the Johannesburg Stock Exchange (JSE) has led to a significant rise of over $36 million.

Bekker’s recent profits are directly related to the rise in Naspers’ share price on the JSE. Over the last 25 days, the company’s stock has increased significantly, increasing the value of Bekker’s investment by R693.77 million ($36.76 million). This comes after Bekker suffered a loss of $34.4 million in his Naspers holdings between February 12 and March 4.

Naspers, a South African multinational focusing in the internet, technology, and media, has a diverse portfolio that includes online retail, publishing, and venture capital. The corporation has a presence on five continents and serves over two billion people.

Planet42, a South African rent-to-buy firm funded by Naspers, the worldwide internet group partially controlled by South African billionaire Koos Bekker, has received R300 million ($16 million) in capital from Standard Bank Group.

Naspers’ shares on the JSE have risen 13.95 percent in recent months, from R2,946.52 ($156.14) on March 5 to R3,357.55 ($177.92). This spike pushed the group’s market valuation past $30 billion, resulting in large gains for stockholders.

Koos Bekker, a prominent figure in South Africa’s commercial environment, is credited for changing Naspers from a newspaper publisher to a leader in e-commerce and cable television. Though his stake in Naspers is only 0.85 percent, equivalent to 1,687,887 ordinary shares, Bekker’s influence over the corporation remains significant.

The recent jump in Naspers’ share price has increased the market value of Bekker’s ownership by R693.77 million ($36.7 million), bringing it from R4.97 billion ($263.55 million) on March 5 to R5.66 billion ($300.31 million). This strengthens Bekker’s position as a leading South African corporate personality and top investor on the JSE.

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