How have the constituents of the JSE 40 fared over the past 10 years? Explore the chart below to separate the stalwarts and fast growers from the cyclicals and turnarounds.
The Johannesburg Stock Exchange, Africa's oldest and largest equity index, historically relied on raw material exports to drive value. In the years following the global financial crisis, the JSE boasts a 12.5% annualized return and a more diversified economy. Specifically, the manufacturing and finance sectors have been expanded greatly and the country has benefitted from large foreign investments, particularly from China.
Graph shows JSE 40 performance year on year over the past decade. Additional companies can be added to the chart using the search facility and filters below.
South Africa’s top 40 index has managed to more than double its value over the last decade. Initially it was the heavyweight industrial stocks such as Naspers (major holding company of Asian internet giant Tencent)leading the index higher, beforea few corporate disasters such as the Steinhoff accounting irregularities scandal and a turn in the commodity cycle saw the industrial stocks passing the mantle back to resource stocks such as BHP Group and Anglo American PLC, They have carried the index to new highs.
Over the decade, the index has proven resilient to both domestic political uncertainties as well as macroeconomic threats such as slowing growth and trade tensions, finding little in the way of a correction over the 10 years.