Top 40 drops 1.52% despite $700 mln Platreef funding and Vodacom dividend

The JSE Top 40 fell 1.52% to 109,063.5 points and the All Share lost 1.42% to 116,762.58 on May 12. Nedbank arranged $700 million for phase 2 of Ivanhoe's Platreef mine, described as South Africa's biggest mining investment in 10 years, according to Mining Weekly and News24. Vodacom posted a dividend above estimates after profit rose, Moneyweb reported. Canal+ accelerated its secondary inward listing on the JSE, according to TechFinancials.