JSE slips 1% as Absa and Sibanye drive the session

The JSE All Share fell 0.97% to 111634.87 on June 23, while the Top 40 lost 0.99% to 103388.48. Absa led the corporate flow with plans to raise its stake in its Kenyan unit to 85% through a R3.93 billion tender, equivalent to $238.6 million, according to Moneyweb, CNBC Africa and The Africa Report, while IOL reported a June 17 AGM resolution on non-executive director pay failed. Sibanye-Stillwater outlined R20 billion in platinum project plans, according to Miningmx, after GuruFocus flagged an 8.7% rise in the stock on June 16. Prosus also issued a trading statement on June 19, while CANAL+ launched on the JSE on June 16, reports African Law & Business.