Moody's Rating Action Commentary

JSE slips as Nedbank posts slightly higher first-half profit

The JSE All Share fell 0.245% to 115132.95 on Aug. 6, while the Top 40 lost 0.3227% to 107030.5. Nedbank reported slightly higher first-half profit, while broadly flat interim earnings were paired with a more upbeat view on second-half banking conditions, according to Moneyweb and Business Day. The lender also said its AI strategy unlocked R375 million in value, ITWeb reported. In the background, the JSE is targeting a secondary listing for Dangote Refinery after a planned Nigeria IPO, businessday.ng reported, while The Asian Banker said Nedbank is advancing its NCBA acquisition as Tanzania's CRDB posted 20% profit growth.

Johannesburg Stock Exchange — Sappi Jumps 6.9% as JSE Slips and BAT Unveils Management Changes

Sappi surged 6.9% to ZAR 14.02 on August 6, 2026, even as the JSE All Share fell 0.24%. The split between paper gains, weaker gold miners despite $4,333.3 gold, and management changes at BAT defined a highly selective session.

Amendment to the Pricing Supplement