Latest news with #SouthAfricaInc
Bloomberg
07-07-2025
- Business
- Bloomberg
JPMorgan, Goldman Sachs See More Upside for South African Stocks
By South African stocks are poised to extend their rally in the second half, buoyed by an improving outlook for the domestic economy and supportive monetary policy, according to JPMorgan Chase & Co. The FTSE/JSE Africa All Share Index is up 23% this year in dollar terms, outperforming both the MSCI Emerging Markets Index and the S&P 500. JPMorgan expects the momentum to continue led by South Africa Inc. shares as they stand to benefit from local economic tailwinds.
Bloomberg
03-04-2025
- Business
- Bloomberg
South African Stocks Tumble Most in Five Years on US Tariff Hit
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.
