South Africa’s Cobus Stofberg adds $7.97 million from Naspers stock surge

South African businessman Cobus Stofberg has gained nearly $8 million from his holdings in Naspers, Africa’s largest publicly traded company, after a strong rally on the Johannesburg Stock Exchange (JSE). The gain has lifted the market value of his stake in the South African giant to nearly $130 million, highlighting Naspers’ recent stock’s strong run in recent weeks.

Stofberg’s Naspers stake climbs $7.97 million

Stofberg, a founding member of MultiChoice Group — the company behind pay-TV giant DStv — and a longtime director of Naspers, owns 372,916 shares in the tech and media group. His stake over the past 22 days has surged from R2.11 billion ($120.74 million) to R2.25 billion ($128.72 million), an increase of R139.11 million ($7.97 million).

This recent rise adds to earlier growth in Stofberg’s stake in Naspers between Jan. 1 and Aug. 15, when the market value of his shares increased significantly by $40.58 million, rising from R1.56 billion ($82.49 million) to R2.17 billion ($123.07 million).

Investor’s fortune rises as shares climb on the JSE

Headquartered in Cape Town, Naspers operates across five continents and reaches more than 2 billion people through businesses spanning e-commerce, online marketplaces, media, and venture capital. Its most valuable asset remains its stake in Chinese technology giant Tencent, which has been central to Naspers’ long-term growth and continues to underpin its share price.

Naspers shares have gained 6.60 percent in the past 22 days alone, climbing from R5,650.63 ($323.78) on Sept. 4 to R6,023.66 ($345.16). That rally pushed its market cap past $54 billion. For the year so far, the stock has advanced by 44.34 percent. A $100,000 investment at the start of 2025 would now be worth about $144,340 — a gain of $44,340 in less than 9 months.