Miners Turn South African Stocks From World-Beaters to Laggards - Bloomberg
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South African stocks have tumbled 3.6% since the end of March, marking their worst quarterly performance in nearly three years, as mining stocks that once drove the market higher now weigh it down. The metals and mining sector, representing over a quarter of the benchmark index, has plunged 23%, while emerging-market equities globally gained 24%.
Miners Turn South African Stocks From Leaders to Laggards - Bloomberg
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Miners Turn South African Stocks From Leaders to Laggards
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By Khuleko Siwele and Mpho Hlakudi
June 30, 2026 at 5:23 AM UTC
Updated on
June 30, 2026 at 9:50 AM UTC
The precious-metals miners that propelled South African stocks to a record have become a millstone, dragging the benchmark index toward its worst quarterly slump in almost three years.
The FTSE/JSE All Share Index is down 3.6% since the end of March, the most since the three months through September 2023, compared with a gain of 24% for the MSCI emerging-markets equity gauge. The metals and mining sub-index, which accounts for more than a quarter of the Johannesburg benchmark’s weighting, has plunged 23% in the period.
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Miners Turn South African Stocks From Leaders to Laggards
Contact us: Provide news feedback or report an error
Confidential tip? Send a tip to our reporters
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By Khuleko Siwele and Mpho Hlakudi
June 30, 2026 at 5:23 AM UTC
Updated on
June 30, 2026 at 9:50 AM UTC
The precious-metals miners that propelled South African stocks to a record have become a millstone, dragging the benchmark index toward its worst quarterly slump in almost three years.
The FTSE/JSE All Share Index is down 3.6% since the end of March, the most since the three months through September 2023, compared with a gain of 24% for the MSCI emerging-markets equity gauge. The metals and mining sub-index, which accounts for more than a quarter of the Johannesburg benchmark’s weighting, has plunged 23% in the period.
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MarketsEconomicsTechnologyPoliticsGreenCryptoAI
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Market Data
StocksCommoditiesRates & BondsCurrenciesFuturesSectorsEconomic Calendar
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Tags:#جنوب أفريقيا#الأسهم#التعدين#المعادن الثمينة#الأسواق المالية#الاقتصاد
Source: Bloomberg
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