Tencent – China’s most valuable company – has bought 5% of South African-born Elon Musk’s Tesla.
Tesla’s share price immediately shot up by 3% after the news broke.
The value of Tencent’s shares in Tesla is now worth about R28 billion.
For more detail listen to the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...
Driverless cars are the future. Errol Musk shares his experience driving in a new Tesla driverless car which his family makes.
We interviewed Naspers CEO Bob van Dijk about the perceived over-reliance of his company on Chinese behemoth Tencent.
Internet services company Tencent Holdings, in which Naspers has a 34 percent stake, has surpassed Facebook in brand value.
Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.
The EFF lawyer stole the show during the state capture report court battle.
Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.
Still young(ish)? Consider the single best thing you can do to increase your wealth by much more than the inflation rate.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?
The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.