Naspers Repurchases 326,922 Shares: Enhancing Value and Transparency

  • Naspers Limited provides an update on its repurchase program, acquiring 326,922 Naspers Shares.
  • The repurchase program aims to enhance shareholder value by consolidating ownership and optimizing the capital structure.
  • Naspers' voluntary disclosure of share acquisitions reflects its commitment to transparency and accountability.
Naspers share buyback

In a recent announcement, Naspers Limited shared an update on its ongoing repurchase program for Prosus and Naspers shares. The company revealed that it had acquired 326,922 Naspers Shares between June 12, 2023, and June 16, 2023.

The repurchase program, initiated on June 27, 2022, was designed to buy back ordinary shares in Prosus and Naspers from the Group’s free-float shareholders. As part of regulatory requirements, Naspers has been providing weekly updates on the repurchased Prosus ordinary shares. However, the company has voluntarily extended this reporting to include the Naspers N ordinary shares it has purchased.

During the specified period, Naspers purchased a total of 326,922 Naspers Shares at an average price of ZAR3,153.3192 per share. The aggregate value of this transaction amounted to an impressive ZAR1,030,889,410 (US$56,003,050).

Naspers’ decision to repurchase its own shares underscores its commitment to enhancing shareholder value. By consolidating ownership and optimizing its capital structure, the company aims to leverage its financial resources effectively. The acquisition of Naspers Shares further reflects the company’s confidence in its long-term prospects and affirms its belief in the underlying value of its shares.

The recent share acquisitions align with Naspers’ strategic approach to investments and portfolio management. By repurchasing its own shares, the company aims to allocate capital efficiently while seizing opportunities to maximize returns for its shareholders.

Naspers Limited, headquartered in South Africa, is renowned as a multinational company with a substantial presence in the global internet and media sectors. Its diverse portfolio encompasses numerous companies and investments across industries such as e-commerce, social media, and online classifieds. With operations spanning the globe, Naspers has established a robust foothold in emerging markets.

Investors and shareholders eagerly await further updates on the repurchase program, as Naspers continues to drive its initiatives and chart its strategic direction. The company’s commitment to generating sustainable long-term growth and maximizing value for its shareholders instills confidence among stakeholders.

Visited 1 times, 1 visit(s) today

Stay ahead in the financial world – Sign Up to Rateweb’s essential newsletter for free. Get the latest insights on business trends, tech innovations, and market movements, directly to your inbox. Join our community of savvy readers and never miss an update that could impact your financial decisions.

Do you have a news tip for Rateweb reporters? Please email us at


Start trading with a free $30 bonus

Trade stocks, forex, commodities, metals and CFDs on stock indices with an internationally licensed and regulated broker. For all clients who open their first real account, XM offers a $30 trading bonus without any initial deposit needed. Learn more about how you can trade over 1000 instruments on the XM MT4 and MT5 platforms from your PC and Mac, or from a variety of mobile devices.


Personal Financial Tools

Below is a list of tools built to assist South Africans to make the best financial decisions:



South Africa’s primary source of financial tools and information

Contact Us


Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.