Gold and platinum shares have stolen the show on the JSE this year, with returns as high as 161% in the case of Sibanye Stillwater, helping power the JSE to new highs on Tuesday as the All Share index cracked 101 200.
“Much like the US’s Magnificent Seven leading Wall Street’s rally, South Africa boasts its own ‘Incredible 10’, says Kea Nonyana, market analyst at Scope Prime. “These ten stocks have been responsible for a remarkable 94% of the SWIX’s year-to-date gain of 20.8%, with the top three alone driving 52% of the advance. The top two are Gold Fields and AngloGold Ashanti, with platinum group miners (PGM) also leading the charge.”