Latest news with #TheMoneyShow
Eyewitness News
6 days ago
- Business
- Eyewitness News
FTSE/JSE All Share Index achieves historic 100,000-point milestone
Rafiq Wagiet 23 July 2025 | 17:14 The Money Show Stephen Grootes Johannesburg Stock Exchange (JSE) Picture: Pixabay Stephen Grootes interviews Leila Fourie, CEO of the JSE, to unpack the significance of the all share index breaking through the historic 100,000-point mark. Listen to the interview in the audio player below. The Johannesburg Stock Exchange (JSE) reached a major milestone on Wednesday, with the FTSE/JSE All Share Index (ALSI) hitting 100,000 points, 1,000 times its starting level of 100 points in January 1960. Over the past 65 years, the ALSI has delivered annualised returns exceeding 11%, despite a very topsy-turvy economy, withstanding the global economic crisis in the mid-2000's, as well as the impacted on the Covid-19 pandemic. The FTSE/JSE All Share Index (ALSI) began its journey in 1960 at just 100 points. Over the decades, it has weathered global shocks and economic shifts and has been bolstered by commodity booms and resilient corporate earnings, steadily climbing to close at a historic 100,180… — JSE (@JSE_Group) July 23, 2025 Between 2020-2025, the index rebounded strongly from the lows of the pandemic, largely driven by commodity booms in gold and platinum, resilient corporate earnings and improved investor sentiment. Key sectors like mining, banking and technology fueled gains, while structural reforms and fiscal stability underpinned the JSE's rise as a gateway to African markets. Speaking to Stephen Grootes on The Money Show, Leila Fourie, CEO of the JSE says this feat reflects index's resilience and its role as a barometer of South Africa's economic potential. "It really is an important psychological point, and if you look at the growth trajectory over the past couple of decades. We started this index with 100 points in 1960, and over the last 65 years its delivered returns of about 11%. - Leila Fourie, CEO - JSE "...it comes a year after the GNU was really demonstrates a very material upswing." - Leila Fourie, CEO - JSE "...we started in a mining field, in a tent. Some of the biggest drivers of our economy was mining, which retracted a little bit, and now mining is indeed some of the big drivers in our current 100,000-point mark. - Leila Fourie, CEO - JSE Scroll to the top of the article to listen to the full interview.
Eyewitness News
22-07-2025
- Business
- Eyewitness News
Sibanye-Stillwater seals R1.45 billion deal to buy U.S-based Metallix
Confirmation coming through on Monday morning from Sibanye-Stillwater that it's acquired U.S-based Metallix for around R1.45 billion. Sibanye-Stillwater, one of the world's largest platinum producers explained that the acquisition will complement its existing US recycling operations. Metallix produces recycled precious metals, including gold, silver and platinum group metals from industrial wasre streams in North Carolina. Speaking to Stephen Grootes on The Money Show, Peter Major, director of mining at Modern Corporate Solutions says the move aims to boost Sibanye-Stillwater's U.S recycling operations by adding a long-established precious metals recycler to its portfolio.
Eyewitness News
21-07-2025
- Business
- Eyewitness News
FlySafair strike worsens with more flight cancellations expected
The union issued a one-day strike notice for Monday, but FlySafair hit back with its own notice to lock out striking pilots for two weeks. The dispute is centred around a wage increase, but also working conditions and hours. The strike caused major disruptions across and delays across South Africa on Monday, with many people expecting to travel home at the conclusion of the winter school holidays. Speaking to Stephen Grootes on The Money Show, aviation expert Guy Leitch believes it's likely to be a protracted strike action.
Eyewitness News
15-07-2025
- Business
- Eyewitness News
What is Nedlac's role in the National Dialogue?
The National Economic Development and Labour Council (Nedlac) is the vehicle by which Government, labour, business and community organisations seek to cooperate, through problem-solving and negotiation, on economic, labour and development issues and related challenges facing the country. The National Dialogue will bring together government, political parties, civil society, business, labour, traditional leaders, women, youth and community voices to find common ground and new solutions for our country. So what is Nedlac's role in government's National Dialogue? Speaking to Stephen Grootes on The Money Show, Makhukhu Mampuru, Nedlac's executive director says Nedlac will play a guiding role in in ensuring the the debates and conversations about South Africa can happen in a constructive manner.
Eyewitness News
15-07-2025
- Business
- Eyewitness News
Bitcoin Boom! World's largest cryptocurrency surges past $123,000
Bitcoin reached a record high of $123,153.22 on Monday, surpassing $120,000,00 (R2 230 000) for the first time. The world's largest cryptocurrency has surged by more than 30% this year, and more than 60% since Donald Trump's reelection as U.S president in November 2024. On Monday the cryptocurrency worth jumped 3%, also recording a weekly gain of more than 12%. Speaking to Stephen Grootes on The Money Show, Farzam Ehsani, founder of VALR says Bitcoin has surged in popularity in recent years as more people begin to better understand cryptocurrencies.
