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.