JSE slips 0.5% as Absa confirms 2.4 billion rand write-down
The JSE All Share fell 0.45% to 118,486.97 on April 13, while the Top 40 lost 0.47% to 110,689.67. Absa Group confirmed a 2.4 billion rand write-down tied to its technology pivot, and the bank also appointed Sitoyo Lopokoiyit as chief executive of Personal and Private Banking, according to Azat TV and Tech Review Africa. In resources, Sibanye-Stillwater said with Johnson Matthey it would accelerate technology for a low-carbon future, while the miner was also cited on April 9 in coverage focused on copper and PGMs, according to gasworld and news.financial. On the corporate side, GuruFocus published Shoprite's full-year 2025 earnings call transcript on April 12, while AD HOC NEWS highlighted attention on Capitec Bank Holdings on April 8.
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JSE rises 1.15% as Canal+ sets June 3 listing date
The JSE All Share rose 1.15% to 115180.53 on April 30, while the Top 40 added 1.16% to 107229.42. Canal+ confirmed a Johannesburg listing for June 3, a move that would make it the first French company to list on the JSE, according to The Citizen, Advanced Television, Deadline and TV with Thinus. Sibanye-Stillwater stayed in focus across sector coverage, with reports on new palladium applications, sustainability and a higher JPMorgan stake, according to Mining Review Africa, Mining Weekly and Geomechanics.io. In corporate news, Shoprite released its 2024 annual report and set a virtual AGM date, while Absa Investment Bank hired Deutsche's South Africa CEO and Aspen Pharmacare disclosed the resignation of an executive director, according to MSN, Moneyweb and an April 30 filing.