South African stocks dipped on Monday as furniture retailer JD Group slid on a report it had not been approached about a possible takeover but Telkom rose after its mobile unit Vodacom boosted subscriber numbers.
The Johannesburg Top-40 index of blue-chip stocks fell 0.13 percent to 22,842.17 points while the All-share index lost 0.14 percent to 25,341.81 points.
The JSE retail index slid 0.13 percent, led by JD Group, which closed 4.84 percent lower at 88.50 rand.
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