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Why the JSE Adjusts Caps After Naspers Deal Upends Index?

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the South African JSE, adjusted Caps following a stock swap between Naspers Ltd. and Prosus NV

  • This move seeks to align Naspers and Prosus to prevailing weights

  • It introduces 6% cap from September to avoid ‘dislocation’

The Johannesburg Stock Exchange will introduce new caps to help investors rebalance weightings after a stock swap between Naspers Ltd. and Prosus NV.

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