JSE slips as Canal+ sets June 3 listing date
The JSE Top 40 fell 0.55% to 105999.5 on April 29, while the All Share lost 0.47% to 113865.92. Canal+ set June 3 for its Johannesburg listing as MultiChoice revenue continues to decline, according to Advanced Television, Deadline and TV with Thinus. South Africa plans an exchange-control overhaul to attract billions of dollars in investment, Reuters reported, while Business Insider Africa cited a $607 billion target. In stocks, Gold Fields jumped 5% on strong earnings on April 27, according to FXLeaders, while Sibanye-Stillwater featured in reports on palladium applications, its Finland lithium mine and JPMorgan raising its stake, according to Mining Review Africa, MSN and Bitget.
Related stories
Farook Kadodia: Nedbank Cup triumph could transform Durban City’s future - FARPost ZA
Farook Kadodia: Nedbank Cup triumph could transform Durban City’s future FARPost ZA
Johannesburg Stock Exchange — All Share Gains 1.15% to April 30 as Stronger Rand and Brent Slump Lift Industrials
The JSE rose 1.15% in the week through Thursday, April 30, helped by a 1.27% firmer rand and a 5.8% drop in Brent crude. Precious-metals miners and selected industrials led a broadly positive tape, with 42 advancers out of 53 tracked stocks.
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.