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Miners Turn South African Stocks From World-Beaters to Laggards

Miners Turn South African Stocks From World-Beaters to Laggards
Bloomberg Markets Tuesday 30 June 2026, 05:23 UTC By Khuleko Siwele, Mpho Hlakudi 1 min read
Key Points

Miners Turn South African Stocks From World-Beaters to Laggards 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 more than two years. The FTSE/JSE All Share Index is down 3.3% since the end of March, the most since the three months through March 2024, compared with a gain of 24% for the MSCI emerging-markets equity gauge. The metals and mining sub-index, which accounts for more...

Miners Turn South African Stocks From World-Beaters to Laggards 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 more than two years. The FTSE/JSE All Share Index is down 3.3% since the end of March, the most since the three months through March 2024, 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 24% in the period.
Miners Turn South African Stocks (ORG) World-Beaters (ORG) Laggards Miners Turn South African Stocks (ORG) South African (ORG) FTSE (ORG) Johannesburg (LOCATION)
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