JSE falls 1.1% as Absa confirms R2.4 billion write-down
The JSE All Share fell 1.10% to 118,205.04 on April 9, while the Top 40 lost 1.09% to 110,452.96. Absa Group confirmed a R2.4 billion write-down tied to its technology pivot, according to Azat TV, after naming Sitoyo Lopokoiyit chief executive of personal and private banking on April 7, Tech Review Africa reported. Resources stayed in focus with coverage centered on copper and platinum group metals through Rio Tinto and Sibanye-Stillwater, according to news.financial. Capitec Bank also featured in April 8 coverage on why the stock is drawing global investor attention, according to AD HOC NEWS.
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JSE Top 40 falls 0.85% as Datatec and Netcare stay in focus
The JSE Top 40 fell 0.85% to 105,378.37 on May 22, while the JSE All Share lost 0.73% to 113,215.96. Datatec stayed in focus after a recent share-price move, according to AD HOC NEWS, while Netcare updated investors after a recent trading statement, AD HOC NEWS reported. Outside South Africa, Business Daily said NCBA staff are set to receive KSh1.9 billion in shares after Nedbank's buyout. In corporate filings, Richemont published its FY26 annual report, Quantum Foods released half-year results to March 31, 2026 with a dividend, and Hyprop Investments announced the acquisition of Galleria Burgas.
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