JSE falls 1.0% as Sibanye seeks EU concessions for lithium ramp-up
The JSE All Share fell 1.03% to 120005.25 on April 20, while the Top 40 dropped 1.09% to 112243.3. Sibanye-Stillwater asked the European Union for concessions as it ramps up Keliber, described by Reuters as Europe’s first lithium mine, while IOL said the project marks a new phase for European lithium production. Nedbank featured in 2 headlines, with Nedbank Connect customers consuming 938 gigabytes of data per day according to MyBroadband, and a Data Masters challenge worth R500,000 according to Bizcommunity and htxt.co.za. In the SME segment, The Mail & Guardian reported that the JSE programme helped BoTong Civils deliver a 418% revenue jump.
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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.