Absa targets 85% in Kenya as JSE edges higher
The JSE All Share rose 0.106% to 112730.22 on June 22, while the Top 40 added 0.1568% to 104422.19. Absa Group plans to raise its stake in its Kenyan unit to 85% through a 3.93 billion rand tender, equivalent to $238.6 million, according to Moneyweb, CNBC Africa and The Africa Report. Among stocks, Sibanye Stillwater was up 8.7% on June 16, while Vodacom highlighted a 23.6 billion rand network investment, reports The Star. On the corporate front, Standard Bank issued a voluntary five-month trading update on June 22, Gold Fields clarified media reports on the Tarkwa mining lease renewal process, and Harmony Gold reported a fatal incident at its Moab Khotsong mine, according to JSE filings.
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JSE drops 2.16% as Shoprite, Vodacom and Nedbank drive the session
The JSE All Share fell 2.16% to 114980.89 on Aug. 12, while the Top 40 slipped 0.81% to 107214.4. Shoprite published an operational update on Aug. 12 for the 52 weeks ended June 28, 2026, according to the company and JSE filings. Vodacom announced board and committee changes on Aug. 12, TechCentral reported, alongside a JSE directorate notice. Nedbank wants to invest $842 million in NCBA to deepen its East Africa push, according to Dabafinance.
Johannesburg Stock Exchange — DRD Gold Jumps 5.2% as Record Gold Cushions a 2.16% JSE Slide
DRD Gold rose 5.2% to ZAR 39.31 on August 12, 2026, helped by gold at $4,483.9 an ounce, up 2.3%, even as the JSE All Share fell 2.16%. The session highlighted how gold miners can offset broader weakness when Naspers and Prosus drag the index lower.
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