JSE rises 0.5% as Sibanye, mining financings drive the session

The JSE All Share rose 0.5177% to 110572.86 and the Top 40 added 0.6309% to 102216.16, with mining names and funding deals setting the tone. Sibanye-Stillwater led the flow with a 371% jump in first-quarter adjusted EBITDA, according to The Star, the completion of a $500 million senior notes offering, according to Global Legal Chronicle, and approval for a first phase of its secondary mining push, according to Engineering News. The group also said it will look to Africa for new gold output, Miningmx reported, while appointing a new head of investor relations on July 7, according to African Mining Online. On financing, Nedbank CIB underwrote a credit facility for the Geita gold mine on July 14, according to Polity.org.za, Tharisa secured a R750 million Nedbank facility on July 10, according to Mining Review Africa, and Vodacom finally closed its $2.1 billion Safaricom bet after moving from 40% to a majority stake, Techeconomy reported.