Top 40 rises 0.99% as Bidvest, Nedbank and hotels support trade

The JSE Top 40 rose 0.99% to 106948.72 points and the JSE All Share added 0.86% to 114634.05 points on May 20. Bidvest issued an earnings update and outlook on May 20, according to AD HOC NEWS, keeping the diversified services group in focus. Nedbank highlighted solid capital and a dividend after its 2025 results, according to AD HOC NEWS, while City Lodge Hotels said its results pointed to an ongoing recovery in South African travel, AD HOC NEWS reported. In market notices, Southern Sun released year-end results to March 31, 2026 with a cash dividend, Balwin Properties disclosed a firm intention offer by Bidco for 100% of eligible issued shares, and the JSE recorded 3 additional ETF and ETN listings, according to exchange filings.