South Africa’s Stock Market Gets a Little Lift
Last week the JSE FTSE Top 40 bounced up 0.19%, finishing at 83,413 points. It was a pretty solid day—almost all the sectors chugged forward, and the hefty electronics tech sharks led the charge.
Sector Highlights
- Electronic Technology: +3.62% – the kings of the market.
- Transportation: +2.65% – moving in the right direction.
- Industrial Services: +2.54% – keeping things ticking.
Not every fish made the wave; non‑energy minerals, consumer non‑durables, and health services played the laggard card.
Top Players
- Naspers: led the pack with a +2.45% jump.
- Financial Sector:
- Firstrand +0.59%
- Capitec Bank Holdings +1.86%
- Standard Bank Group +0.49%
What’s Driving the Move?
The government’s tug‑of‑war with the United States over trade terms—tariffs were on the table but put on hold for now—keeps a cloud hanging over the equation. Even though the hard hit’s paused, the uncertainty still casts a shadow on the future.
On the flip side, South Africa’s growing friendship with India is turning into a major storyline. Already ranked as the country’s fourth‑largest trading partner, businesses are digging into Indian opportunities. This cozy partnership is opening fresh doors and helping South Africa step out of the U.S. trading sandbox.
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