Top 40 rises 0.84% as Nedbank advances on NCBA deal

The JSE Top 40 rose 0.836% to 101614.59 on July 22, while the All Share added 0.6447% to 109682.63. Nedbank led the corporate narrative after securing a 66% stake in NCBA and strong shareholder backing for its R13.9 billion takeover bid, according to News24, businesstech.co.za and The Kenyan Wallstreet. Sasol added 330 MW of renewable power, taking total capacity above 500 MW, Stock Titan reported. Sibanye Stillwater appealed a U.S. trade ruling over alleged dumping of Russian palladium imports, according to Seeking Alpha.