JSE drops 1.3% as Sibanye pushes European lithium plans
The JSE All Share fell 1.33% to 118412.24 on April 21, while the Top 40 dropped 1.47% to 110590.66. Sibanye-Stillwater led the sector narrative, with Reuters reporting on April 20 that the group is seeking EU concessions as it ramps up Keliber, which IOL described as Europe's first lithium mine. In platinum group metals, Mining Weekly reported on April 20 that Sibanye-Stillwater said prices remain underpinned by investment and speculation. On the regulatory side, Eswatini Positive News reported on April 21 that the JSE suspended an E500000 fine for a breach of listing requirements, while Mail & Guardian said on April 20 that JSE SME programme participant BoTong Civils posted 418% revenue growth.
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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.