Khuleko Siwele

1 week ago | bloomberg.com | Khuleko Siwele

(Bloomberg) -- South Africa’s benchmark stock index headed for a record close as the surging gold price boosted shares of the country’s precious-metals miners. The FTSE/JSE Africa All Share Index rose as much as 1.1% on Wednesday, on track for a fifth consecutive day of gains. It has wiped out a near-10% slide that followed US President Donald Trump’s announcement of so-called reciprocal tariffs.

1 week ago | news.bloomberglaw.com | Khuleko Siwele

South Africa’s benchmark stock index headed for a record close as the surging gold price boosted shares of the country’s precious-metals miners. The FTSE/JSE Africa All Share Index rose as much as 1.1% on Wednesday, on track for a fifth consecutive day of gains. It has wiped out a near-10% slide that followed US President Donald Trump’s announcement of so-called reciprocal tariffs.

1 week ago | news.bloombergtax.com | Khuleko Siwele

South Africa’s benchmark stock index headed for a record close as the surging gold price boosted shares of the country’s precious-metals miners. The FTSE/JSE Africa All Share Index rose as much as 1.1% on Wednesday, on track for a fifth consecutive day of gains. It has wiped out a near-10% slide that followed US President Donald Trump’s announcement of so-called reciprocal tariffs.

3 weeks ago | bloomberg.com | Khuleko Siwele |Paul Burkhardt

South African stocks plunged the most in five years as steep US tariffs on the country’s exports cloud the outlook for corporate profits and the economy. The FTSE/ JSE Africa Africa All Share Index fell as much as 4.5% in Johannesburg, its biggest drop since March 2020. Banks were the biggest drag by index points, while other South Africa Inc. sectors including telecommunications, personal care, retail and life insurance also took a hit.

3 weeks ago | energyconnects.com | Khuleko Siwele

The surging gold price has propelled South African mining stocks to their best monthly performance on record, shielding the country’s benchmark index from the mayhem in global markets. An index of South African mining companies jumped 33% in March, the most in a month since Bloomberg started compiling the data in 1995. That helped the benchmark FTSE/JSE All Share Index post a 3.1% gain for the month, outperforming emerging-market peers and US equities.