JSE slips 0.6% as banks get court clarity on rand case
The JSE All Share fell 0.6352% to 109613.16 on July 1, while the Top 40 lost 0.6472% to 101276.41. Banks stayed in focus after a top-court ruling on rand-manipulation allegations involving 4 lenders, Absa, FirstRand, Nedbank and Standard Bank, was reported on June 30 by businesstech.co.za, while Business Day said the same day that South African banks had been cleared. Absa shares also came under pressure after the group forecast modest earnings growth, according to IOL on June 30. In corporate news, Sibanye-Stillwater appointed a new head of investor relations on July 1, according to Mining Weekly, while director Richard Menell bought SBSW shares in the open market, according to Stock Titan. Separately, Nedbank's NCBA takeover cleared 2 regulatory hurdles, COMESA and EACCA, Billionaires.Africa reported on June 29.
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Top 40 rises 2.07% as Absa posts 4% higher H1 revenue
The JSE Top 40 rose 2.07% to 110387.07 on Aug. 21, while the JSE All Share added 1.81% to 117747.8. Absa Group reported a 4% rise in H1 2026 revenue, according to Africa Business Communities, giving banks a firmer earnings backdrop. Nedbank said it will not replace COO Nkuhlu in a leadership shake-up, according to Bizcommunity, while its CIB unit helped structure Harmony's $1.25 billion financing for international growth, Moneyweb reported. The macro tone stayed more cautious, with Novus Press Bulletin reporting Nedbank's warning that South Africa's recovery is losing momentum, while Moneyweb highlighted precision farming as a way for farmers to make every rand work harder.
Johannesburg Stock Exchange — Top 40 Gains 2.07% as Miners, Tech Ride Gold and a Firmer Rand
The JSE ended the week to 21 August 2026 firmly higher, with the Top 40 up 2.07% and the All Share gaining 1.81%. Stronger gold and platinum prices, plus a firmer rand, underpinned miners while Aspen, Mr Price and Prosus broadened the rally.
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