JSE slips 0.3% as Sibanye posts 371% jump in quarterly adjusted EBITDA

The JSE All Share fell 0.319% to 110003.37 on July 13, while the Top 40 lost 0.3937% to 101575.27. Sibanye-Stillwater led the company narrative after reporting a 371% rise in first-quarter adjusted EBITDA, according to thestar.co.za, while Engineering News said on July 8 that the first phase of its secondary mining push received approval. Miningmx added that Sibanye-Stillwater will look to Africa for new gold output, preserving the conditional tone, and African Mining Online reported on July 7 that the group appointed a new head of investor relations. In broader corporate news, Mining Review Africa said Tharisa secured a R750 million Nedbank facility to speed its underground transition, while Techeconomy reported that Vodacom's $2.1 billion move from 40% to a majority stake in Safaricom finally closed and The Citizen said Nedbank continues to investigate a fraud case.