We've seen ordinary people rushing for Red Hanger sales with no genuine long term market value. I do hope the nation has been rushing to their nearest Post Office and First National Bank for something that should enormous share value over the next five years. The nation is justified in potentially excessive enthusiasm regarding the share acquisition of Naspers.
Naspers is Africa's biggest media company, with an international geographically that's focused on the BRICSA countries (Brazil, Russia, India, China, South and sub-Saharan Africa), with tremendous growth opportunities over the next five years.
Naspers is set to gain share value, based upon the strength of Google, formerly a search engine, now a fully fledged media. Analysts at Standard & Poor's predict that the Google stock will hit U$600 around June 2007. This is set to benefit the highly sought-after Naspers share, a media share that is massively undervalued. The Naspers portfolio is extremely well-structured, with world class corporate governance and an ever-growing stake in China television. This treasure media portfolio had the strategic thinkers at PSG Consulting running wild last year but the founders at Naspers had broad based economic empowerment loyalties to the people of this country.
Due to a very positive response to the offer and following requests from potential applicants, the Welkom Yizani and Phuthuma Nathi boards (with the consent of the Registrar of Companies) agreed to extend the closing date of the offer by one week (until 3 November 2006).
Naspers has taken the BEE initiative to the locals on the street through workshops, radio adverts on community radio stations, community newspapers and flooded the national radio and newspapers with adverts on a daily basis. Naspers' purpose was to reach millions and this they did without sparing a cent because of its loyal commitment to black economic empowerment. The manner in which the transaction has been done has been a breath of fresh air in our stale big players presentation transaction.
