JSE slips 0.26% despite Sibanye momentum and fresh mining financing

The JSE All Share fell 0.257% to 110288.71 on July 15, while the Top 40 lost 0.2078% to 102003.83. Sibanye-Stillwater led the corporate flow with a 371% jump in first-quarter adjusted EBITDA, according to The Star, after completing a $500 million senior notes offering, according to Global Legal Chronicle, and winning approval for phase 1 of its secondary mining push, reports Engineering News. Mining finance also stayed in focus after Nedbank CIB underwrote a credit facility for the Geita gold mine, according to Polity.org.za, and Tharisa secured a R750 million Nedbank facility to speed its underground transition, according to Mining Review Africa. Outside mining, Vodacom completed its $2.1 billion Safaricom bet, according to Techeconomy, while Nedbank continues to investigate a fraud case, reports The Citizen.