🇿🇦 Johannesburg Stock Exchange

Fitch has downgraded South-Africa-based MTN Group Limited's (JSE:MTN) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB' from 'BB+'. The Outlook remains Negative.

Fitch Ratings has downgraded the Long-Term Issuer Default Ratings (IDRs) and Viability Ratings (VRs) of five South African banks - Absa Bank Limited, FirstRand Bank Limited, Investec Bank Limited, Nedbank Limited and The Standard Bank of South Africa Limited - to 'BB' and 'bb', respectively. The Outlook on all the IDRs is Negative.

The JSE today celebrates the re-listing of Sibanye-Stillwater Limited (JSE:SSW) on the Main Board of the JSE in the basic resources sector.

Phatisa, through its Food Fund 2 – together with Sabvest, Masimong Chemicals and Rolfes management – have acquired the entire issued share capital of Rolfes Group (JSE:RLF, thereby delisting the business from the Johannesburg Stock Exchange to unlock new growth opportunities.