MARKET WRAP: Naspers helps power JSE’s 2% recovery

The JSE extended the previous session’s gains on Monday, lifted by heavyweight Naspers, while global markets had a mixed start to the week as Friday’s rally ran out of steam.

Shares in Naspers, Africa’s largest listed investment group, rocketed after it announced an open-ended buyback process aimed at tackling its discount, fuelled by the steady sale of shares in Chinese media giant Tencent…