Naspers, Banks Attract Foreigners in S. African Stock Spree
- Foreign investors have been net buyers of stocks for 10 days
- Naspers, Barclays Africa and FirstRand among most-purchased
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Foreign investors are loving the change of leadership in South Africa, embarking on a stock-buying spree.
Foreigners have been net buyers of Johannesburg-traded stocks for the past 10 days, according to figures from the exchange operator, the longest streak of purchases since October. Naspers Ltd., the media and technology giant, was the most-bought share on seven of those days. Lenders FirstRand Ltd. and Barclays Africa Group Ltd., and retailer The Foschini Group Ltd. were the next-most sought-after.