JSE jumps 3.6% as Sibanye and metals rally lift shares

The JSE All Share rose 3.6069% to 119165.54 points and the Top 40 climbed 3.9196% to 111221.78 on May 6. Sibanye-Stillwater led the news flow after reporting a 371% jump in first-quarter adjusted EBITDA, helped by soaring metal prices, according to IOL and Miningmx. The miner also highlighted good safety performance, according to Mining Weekly, while announcing the start of cash tender offers for outstanding debt securities and a new senior notes offering, according to a market filing. Nedbank announced what Intelligent CIO described as a landmark agreement with Mastercard on digital payments across Southern Africa, while a court blocked the bank's R419,000 recovery attempt amid reckless lending allegations, IOL reported.