Since its all-time high reached in the first days of March, the JSE All Share Index is down 17%. To be fair, Russia had invaded Ukraine just a few days before that. Over the past six months , the Alsi is down 13%. Look deeper and within the Top 40, though, there are only three stocks that are meaningfully higher than they were six months ago. Two of these, Naspers and Prosus are up materially after the group announced in June it would start to slowly sell down its 28.
‘The Transnet strike is going to cost the economy billions’ Shares in gold and platinum producer Sibanye-Stillwater are 33% lower, while Gold Fields shares are down 32% and AngloGold Ashanti’s 26%. The spot price of bullion is down around 13%. Anglo American, with its hefty exposure to iron ore and platinum, has seen its share price on the JSE decline by 29% over the last six months. South32, spun off from BHP in 2015, has seen its shares slip 20% since April.
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