NPSNY Stock Recent News

The magic of the large repurchase program is often misunderstood. By doing the exact math, you can not only see its benefits, but also understand when it will end.

Berkshire has sold about $600 million of BYD stock, SoftBank is slashing its Alibaba stake by nearly 40%, and Naspers is paring its Tencent position.

So, what are the best African stocks to buy at present? Consider taking a look at these seven.

Naspers stock has been buoyed in recent weeks by the announcement of a buyback program funded by the sell-down of its Tencent stake. With Naspers also trading at a discount to its economic ownership of Prosus and the balance sheet well-capitalized, more capital allocation optionality could be on the cards.