JSE rises 1.4% as Nedbank flags better banking conditions ahead
The JSE All Share rose 1.403% to 114256.28 on August 4, while the Top 40 added 1.5595% to 106201.46. Nedbank said its first half was flat but sees improved banking conditions ahead, according to Business Day. Separately, Nedbank said COO Nkuhlu will take early retirement and the bank is scrapping the chief operating officer role, according to ITWeb, Moneyweb and News24. Outside finance, an international retailer quietly exited South Africa by selling 90 stores for R1, businesstech.co.za reported.
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