JSE rises nearly 1% as Sibanye drives credit headlines

The JSE All Share rose 0.9579% to 111507.32 on July 3, while the Top 40 added 1.0038% to 103108.64. Sibanye-Stillwater led the corporate flow after a $500 million bond issuance with concurrent tender offers, according to A&O Shearman, while Mining Weekly reported on July 1 that the group appointed a new head of investor relations. Stock Titan also reported on July 1 that director Richard Menell bought Sibanye-Stillwater shares in the open market. Business Day said Standard Bank, FirstRand and Nedbank reacted after a rand-rigging case described as "torturous" ended, while July 3 notices were dominated by additional ETF listings and partial delistings including Satrix 40 and FNB Top 40.