JSE slips 0.3% as Sibanye and banks drive the newsflow
The JSE All Share fell 0.3078% to 111164.03 on July 6, while the Top 40 lost 0.3079% to 102791.18. Sibanye-Stillwater dominated the flow with 7 primary platinum group metals mining projects, a $500 million bond issuance and concurrent tender offers, according to Mining Weekly and A&O Shearman. In banking, the top court ruled on rand-manipulation allegations involving 4 lenders, while Business Day reported South African banks were cleared and IOL said Absa shares were lower after it forecast modest earnings growth. In capital markets, IOL reported CANAL+ became the 1st French company to list on the JSE, while Billionaires.Africa said Nedbank's NCBA takeover cleared 2 regulatory hurdles, COMESA and EACCA.
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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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