JSE slips 0.47% after CANAL+ debut on bourse
The JSE All Share fell 0.47% to 112453.45 on June 4, while the Top 40 lost 0.59% to 104621.89. CANAL+ started trading on the JSE on June 3, in what TechAfrica News, CNBC Africa and Bizcommunity described as the 1st French company listing on the exchange, with a strong debut according to Moneyweb. Business Post Nigeria reports CANAL+ is still eyeing a MultiChoice turnaround, preserving the conditional nature of that strategic move. Away from price action, IOL said Absa Group's non-executive director pay resolution failed at its June 3 AGM, while sundayworld.co.za reported Nedbank rolled out AI-powered quick loans.
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