Compared to the HSBC Global Mining index, the JSE Mining index is an underperformer due to the heavy weighting of gold and platinum in the local market. So the 1 week line shows the closing price 1 week ago, together with its move, total volume for the week and its high and low for the week. “Cost-saving initiatives could not offset the impact of input cost inflation. Michal Kotzé, PwC Africa’s energy utilities and resources leader, sums up the environment for miners: “2018 can be described as a mixed bag of performance for South Africa’s mining industry, with bulk commodity prices continuing to rise during 2018 from the lows at the beginning of 2016, while precious metals continued to struggle. Is it possible to make risk-free profits in crypto?
A diverse range of FTSE/JSE equity and fixed income indexes designed to represent the perspective of both domestic and international investors are the result of this collaboration. Industry Insight said both Basil Read and Esor entered voluntary business rescue last year, adding Aveng and Group Five were “not far off”, with their share prices contracting by 97.5 and 98.4 percent, respectively. The latest company results monitoring service (CRMS) index compiled by Industry Insight revealed that the overall index was driven down by all segments of the listed construction sector. Latest insights, research papers and event information for the topics you are interested in, Global Index Standards, Emerging Market Partnerships, FTSE/JSE Top 40 Dividend Index Methodology, FTSE/JSE Responsible Investment Index Methodology, FTSE/JSE Fixed Income Index Series Methodology. “Employees receive 47% of the value created by mines, with a further 24% going on taxes and royalties. And impose huge levies with every traffic fine. The notices may also communicate revisions in index treatment in the period up to a rule change. JSE FTSE ALL SHARE INDEXindex chart, prices and performance, plus recent news and analysis. Industry Insight said contractors lost 12.2 percent in value, with two out of the nine firms, Basil Read and Esor, going into business rescue, and others “on the brink”. Not exactly a recipe for long term shareholder value creation.

But the latest PwC SA Mine report released on Tuesday (October 2) contains some buds of optimism: the mining index has outperformed the JSE All Share index for the better part of two years. The FTSE/JSE Africa Index Series represents the South African equity market and its market segments. Former Tekkie Town owners lose in court again, Derby punts Transnet dividend payouts and zero-based budgeting, MTI plans countersuit after FSCA raid on offices and homes of execs, Wealth tax among Mboweni’s options to fund SA’s budget, Mboweni finally moves to slash government wage bill. Significant loss of value in the JSE-listed construction sector segments in 2018. The firm offer from Polanofield, owned by former Dawn chief executive Derek Tod and Gonsalves Baeta, to acquire Dawn’s entire issued share capital by way of a scheme of arrangement for R5.8 million was supported last year by Dawn’s board, major shareholders, bankers, insurers and landlords. M&R’s share price increased by 19.3 percent and Stefanutti Stocks’s by 59.1 percent.

For more information on how LSEG uses your data, see our Privacy Policy. The lack of regulatory certainty, the loss of thousands of platinum mining jobs, fractious labour relations, SA’s steady decline as a mining powerhouse … there wasn’t much good news to write about.
Manganese, iron ore and coal are the only commodities to show real production growth in the last 15 years, though coal production is not much changed over this period. “The decrease in rand prices, as well as weaker production for gold and platinum, are putting deep-level South African gold and platinum producers under significant pressure as reflected in the market capitalisation of these entities,” says PwC partner Andries Rossouw. Employees receive 47% of the value created by mines, with a further 24% going on taxes and royalties. “This is actually not as bad as one would have initially thought, as this is more or less in line with the overall JSE. Terms of use.