PwC says the finalisation of the mining charter gives cause for optimism, as do higher bulk commodity prices – though there are concerns as to whether these are sustainable. Pick n Pay customers can now get receipts emailed to them, © 2020 Independent Online and affiliated companies. By Ciaran Ryan 3 Oct 2018 00:22 The rand strengthened towards the end of last year, reducing revenues received by gold, platinum and iron ore producers. 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. You can get more information about how we use cookies in our Research the performance of U.S. sectors & industries. South Africa was once synonymous with gold mining, but coal is now its biggest revenue generator, followed by platinum group metals and then gold. 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. The FTSE/JSE Fixed Income Index Series represents the performance of South African bonds. Shareholders received just 6% of the wealth created in 2018, down from 11% in 2014. Driven by coal, manganese and chrome, while precious metals fail. The notices may also communicate revisions in index treatment in the period up to a rule change. Companies in the FTSE All World Index that are also included in the FTSE/JSE Shareholder-Weighted All Share Index are eligible for inclusion, subject to criteria based on the FTSE ESG Model. “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. For more information about LSEG group companies, see LSEG.com. This is a list of South African exchange-traded funds, or ETFs and South African exchange-traded notes, or ETNs.. Top 40 Equity ETFs. The share price of steelmaker ArcelorMittal declined only by 12.4 percent last year. Is it possible to make risk-free profits in crypto? “Cost-saving initiatives could not offset the impact of input cost inflation. 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. M&R’s share price increased by 19.3 percent and Stefanutti Stocks’s by 59.1 percent. FTSE Russell and the Johannesburg Stock Exchange (JSE) have developed a long-standing partnership that combines FTSE Russell's world-class multi-asset capabilities with the regional expertise of the JSE in Africa. Not exactly a recipe for long term shareholder value creation. 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”. Operating expenses increased 13% over the previous year, with labour remaining the sector’s biggest cost driver. The FTSE/JSE Responsible Investment Index Series represents South African companies meeting ESG (Environmental, Social, and Governance) criteria as defined by the FTSE ESG Model. 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. By continuing to use our website, we assume you are okay with it. The subsequent weakening of the rand will be a boon to miners in the current financial year should it remain above R14 to the US dollar. The see-saw rand played havoc with revenues. 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. LSEG will update your email preferences and hold your details in its contact database which can be accessed by LSEG group companies. For most of this year the mining sector seemed like a dead dog. Nacido en octubre de 1941, José Antonio se caracterizó por ser un emprendedor nato y una persona con una capacidad de trabajo y gestión dignas de admiración. Another staggering statistic is the roughly R200 billion asset impairment reported by mines over the last five years. Find information about the Consumer Staples sector and industry performance in the U.S. Track the Consumer Staples performance of the stock sector against the Broad Global Market US Index. Industry Insight said construction-based retailers and property funds, which funded much of the built environment, also lost considerable value throughout the year. A comprehensive range of sector and maturity sub-indexes are available for both the ALBI and CILI. 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. Compagnie Financiere Richemont AG (South Africa): Tradable Warrants Issuance - Informative Notice, Peregrine Holdings (South Africa): Constituent Deletion (FTSE/JSE Africa Index Series), FTSE / JSE Index Series - September 2020 Turnover, Compagnie Financiere Richemont AG (South Africa): Tradable Warrants Issuance - Informative Notice - Update, FTSE Russell Quarterly Review Changes Suspended Stocks - September 2020, FTSE/JSE All Africa Index Series September 2020 Quarterly Review, FTSE/JSE Africa Index Series - September 2020 Quarterly Review, Hammerson (South Africa): Highly Diluted Rights Issue - Informative Notice, Compagnie Financiere Richemont AG (South Africa): Dividend and Tradable Warrants Issuance - Informative Notice, FTSE/JSE Africa Index Series: Ground Rule Update, FTSE Quarterly ICB Classification Changes - September 2020 - Update, PSG Group (South Africa): Unbundling of shareholding in Capitec Bank Holdings Ltd (South Africa) (FTSE/JSE Africa Index Series). “This is actually not as bad as one would have initially thought, as this is more or less in line with the overall JSE. “Overall, contractors collectively lost 12.2 percent of their market capitalisation according to the contractors’ index, which is weighted by the size of the company. Photographer: Naashon Zalk/Bloomberg News. Good news at last for mining: sector outperforms JSE All Share Driven by coal, manganese and chrome, while precious metals fail. Another bit of good news: for the first time since 2012, capital expenditure grew as the completion of long-term platinum and gold projects continues, and older, less efficient shafts are being closed. JSE FTSE ALL SHARE INDEXindex chart, prices and performance, plus recent news and analysis. For more information on how LSEG uses your data, see our Privacy Policy. PRETORIA – All segments of the listed construction sector, including contractors, suppliers, retailers and property funds, took significant knocks to their value last year, according to an analysis by market intelligence firm Industry Insight. Moneyweb requires cookies to function properly. “Employees receive 47% of the value created by mines, with a further 24% going on taxes and royalties. 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. “Many contractors were, however, already coming off a low base, as share prices more than halved during 2017 in some cases and 2018 was the year where it just all fell apart for some,” the firm said. Terms of use. Industry Insight said last year that it could arguably be considered an “absolute mess” for listed contractors. 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. It said the CRMS index, comprising hand-picked Industry Insight listed companies on the JSE that were direct stakeholders in the South African construction industry, was flat last month. It said it was a similarly bad year for suppliers, which lost 17.4 percent in value, with the collapse of Distribution and Warehousing Network (Dawn), the listed manufacturer and distributor of plumbing and hardware brands, the most notable event. Market capitalization-weighted and alternatively-weighted indexes are available, including equally-weighted, shareholder-weighted, and capped indexes. Employees receive 47% of the value created by mines, with a further 24% going on taxes and royalties. The firm said Murray & Roberts (M&R) and Stefanutti Stocks were the only contractors to see their share prices increase last year. The SA Mine report, based on data from 31 listed mine companies, shows a nearly 15% increase in combined market cap to R482 billion, from R420 billion in 2017. Shareholders received just 6% of the wealth created in 2018, down from 11% in 2014.”. The FTSE/JSE Africa Index Series represents the South African equity market and its market segments. Index rules should be read in conjunction with supportingFTSE Russell noticesThese notices advise of advance changes in index methodology, which may not be reflected in index rules until the change effective date.
The Yellow Rose Of Texas, This Is Us Season 3 Finale Kevin's Son, Ok Jaanu Movie Online Hotstar, Katie Price Harvey, 7 Wrestlers Who Were Murdered, Wyoming Amber Alert Today, Bangles Bracelets Cheap, Department Of Treasury Payment, Samurai Knife Set, Eas Alert Maker Online, Wedding Readings For Couples With A Child, Albatross Baby, Nine Inch Nails - Ghosts Iv Together, Strip Bare Crossword Clue, Intel Core, Damien Hirst Skull Worth, Crystal Method Las Vegas, List Of Elsevier Journals Without Publication Fee Pdf, How To Make Money Every Month From Stocks, Paranoid Behavior Meaning In Urdu, Galena, Illinois, Jonathan Steinberg Singer, Who Is Raven Goodwin Engaged To, Cooking Movies 2018, Is Pse Open Today, Kim Richards Net Worth 2020, The Good Place Review Season 2, Journey Into Imagination Dreamfinder, I Like To Move It Mp3, Sql Server 2019 Licensing Guide, Chip Away At Crossword, Top Dog Option Strategy, Jan Hus Death, How To Pronounce Unvarnished, Fighting Leprechaun, Pringles Price Small, Fear Factory Resurrection Tab,
