Top 40 rises 1.11% as Nedbank advances and JSE targets Dangote

The JSE Top 40 rose 1.11% to 107377.05 and the All Share added 1.01% to 115415.67 on Aug. 5. Nedbank posted a slightly higher first-half profit, while progress on its NCBA acquisition also drew focus, according to Moneyweb and The Asian Banker. The JSE is also targeting a secondary listing for Dangote Refinery after its planned Nigerian IPO, businessday.ng reported. Elsewhere in the region, Tanzania's CRDB posted a 20% profit increase, according to The Asian Banker.