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Top 40 rises 2.07% as Absa posts 4% higher H1 revenue

The JSE Top 40 rose 2.07% to 110387.07 on Aug. 21, while the JSE All Share added 1.81% to 117747.8. Absa Group reported a 4% rise in H1 2026 revenue, according to Africa Business Communities, giving banks a firmer earnings backdrop. Nedbank said it will not replace COO Nkuhlu in a leadership shake-up, according to Bizcommunity, while its CIB unit helped structure Harmony's $1.25 billion financing for international growth, Moneyweb reported. The macro tone stayed more cautious, with Novus Press Bulletin reporting Nedbank's warning that South Africa's recovery is losing momentum, while Moneyweb highlighted precision farming as a way for farmers to make every rand work harder.

Johannesburg Stock Exchange — Top 40 Gains 2.07% as Miners, Tech Ride Gold and a Firmer Rand

The JSE ended the week to 21 August 2026 firmly higher, with the Top 40 up 2.07% and the All Share gaining 1.81%. Stronger gold and platinum prices, plus a firmer rand, underpinned miners while Aspen, Mr Price and Prosus broadened the rally.

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