JSE Top 40 rises 1.27% as Nedbank COO announces early retirement

The JSE Top 40 rose 1.27% to 104570.72 on Aug. 3, while the JSE All Share added 1.06% to 112675.43. Nedbank said COO Nkuhlu will take early retirement, according to ITWeb and Moneyweb, with no further timing detailed in the headlines. In the retail backdrop, an international retailer quietly exited South Africa by selling 90 stores for R1, businesstech.co.za reported. On the market docket, the session also featured 2 additional listing notices for Satrix ETFs and 1 GS225C new listing notification, while Sebata Holdings issued 1 correction tied to the late submission of its annual report.