Naspers Buyback: 1.77M Shares for €63.7M, 541,876 Shares for R398M

Naspers is running its buyback across two listings and currencies, a structure that reflects the dual South African and European shareholder base rather than a single-market signal. The scale is modest relative to a group of its size, so the more telling detail is consistency: weekly execution at these levels suggests a programmatic return of capital rather than an opportunistic move. Whether the pace holds, and how the euro and rand tranches are weighted over time, is the open question worth tracking.