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Guiding you through the markets | Sharing My Work | Not Financial Advice | email us: [email protected] | Telegram: https://nitter.cf/t.co/CBSw9FhENS

South Africa
Joined June 2025
Photo by StockWave (@StockWaveNews)Photo by StockWave (@StockWaveNews)Photo by StockWave (@StockWaveNews)Photo by StockWave (@StockWaveNews)Photo by StockWave (@StockWaveNews)Photo by StockWave (@StockWaveNews)Photo by StockWave (@StockWaveNews)Photo by StockWave (@StockWaveNews)Photo by StockWave (@StockWaveNews)Photo by StockWave (@StockWaveNews)
Full ETF Guide for South Africans available now in PDF format to download, print, or share. Find it in the telegram below - more to come t.me/+QH7vccvASEg4MTA0
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TODAY'S MARKET BRIEF JSE 🇿🇦 JSE All Share: +1.77% JSE Top 40: +2.04% Industrial 25: +2.23% Financial 15: +0.68% Resource 10: +3.11% Mid Cap: +0.41% Small Caps: -0.31% USDZAR: R16.58 Biggest Winners (Large Caps): - MTN Group +7.41% - Gold Fields +5.87% - Impala Platinum +4.47% - Harmony Gold +4.10% - Anglogold Ashanti +3.86% Biggest Losers (Large Caps): - Sasol -5.61% - Discovery -0.86% - Investec PLC -0.54% - Investec Ltd -0.46% - Shoprite -0.44% USA 🇺🇸 Dow Jones +0.98% S&P500 +0.73% Nasdaq +0.95% (Note markets are still open) Rest of the world Dax 🇩🇪 +0.64% CAC 40 🇫🇷 +0.99% AEX 🇳🇱 -0.02% Euro Stoxx 50 🇪🇺 +0.78% Nikkei 225 🇯🇵 -0.33% Hang Seng 🇭🇰 +0.42% KOSPI 🇰🇷 +2.24% Commodities Gold +1.83% Silver +3.57% Platinum +1.54% Palladium -1.49% Copper +1.43% Brent Crude -6.40% Crude Oil WTI -6.43% Natural Gas +0.38% Crypto Bitcoin -0.94% Ethereum -0.01% XRP -0.13% BNB -1.46%
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JSE Midday Brief 🇿🇦 JSE All Share: +1.07% JSE Top 40: +1.18% Industrial 25: +1.96% Financial 15: +0.86% Resource 10: +0.61% Mid Cap: +0.43% Small Caps: +0.25% Biggest Winners (Large Caps): - MTN Group +6.71% - Growthpoint Properties +2.83% - Anheuser-Busch InBev +2.46% - Clicks Group +2.38% - OUTsurance +2.18% Biggest Losers (Large Caps): - Sasol -4.23% - Glencore -0.45% - ABSA Group -0.04% - Discovery +0.18% - Pan African Resources +0.22% USDZAR: R16.64 Gold +0.19% Silver +2.12% Platinum -0.10% Palladium -1.29% Copper +0.69% Brent Crude -4.24% Crude Oil WTI -4.18%
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Upcoming Ex-Dividend Dates on the JSE this Week Vunani Ltd Telemasters Holdings Equities Property Group PSG Financial Services Bytes Technology Prosus Purchasing shares on or after Ex-Divi date means you won’t receive that dividend *Ex-Dividend date: The first trading day on which a share trades without entitlement to the declared dividend Not financial advice, information purposes only
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StockWave retweeted
Who moved the Top 40 in 2026: Naspers, Gold Fields and Prosus cost 7.6 pp between them. Sasol’s +173% added just 1.45 pp, because it was only ~1.5% of the index. A concentrated index means a few names decide your return. stockwave.co.za coming soon
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StockWave retweeted
The JSE Top 40 is down -7.9% this year. Yet 27 of its 41 shares have beaten it, and the median share is actually up 0.3%. How does an index fall when most of its shares beat it? 🧵 Note: The following data was calculated in RStudio using quantmod -> yahoo finance
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JSE Morning Brief 🇿🇦 JSE All Share: +0.46% JSE Top 40: +0.50% Industrial 25: +1.05% Financial 15: +0.26% Resource 10: +0.15% Mid Cap: -0.07% Small Caps: +0.18% Biggest Winners (Large Caps): - MTN Group +4.66% - Naspers +1.27% - Woolworths +1.22% - Valterra Platinum +1.21% - Growthpoint Properties +1.16% Biggest Losers (Large Caps): - Sasol -2.63% - Glencore -0.74% - Investec Ltd -0.60% - Discovery -0.50% - Bid Corporation -0.45% USDZAR: R16.65 Gold +0.26% Silver +2.09% Platinum -0.36% Palladium -0.53% Copper +0.57% Brent Crude -2.71% Crude Oil WTI -3.20%
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Altron Unaudited Consolidated results for the six months ended 31 August 2026 Summary 🔹 Continuing operations revenue increased by 5% to R5.1 billion from R4.8 billion in HY26 🔹 Continuing operations HEPS increased by 14% to 109 cents from 96 cents in HY26 🔹 Total operations HEPS was 108 cents, up 24%, compared with 14% growth for continuing operations, as HY26 included Nexus within discontinued operations for five months 🔹 Netstar revenue increased 6% to R1.3 billion, with annuity revenue growth partially offset by lower hardware sales 🔹 Platforms annuity revenue increased 11% to R2.2 billion, representing 92% of Platform revenue (HY26: 89%) 🔹 Altron FinTech, the largest contributor to operating profit in HY27, increased operating profit by 17% to R300 million 🔹 Interim ordinary dividend of 55 cents per share, up 15% from 48 cents in HY26, with a pay-out ratio of 50% 🔹 The CEO states the Group has confidence in its medium-term growth prospects and sees attractive opportunities to invest behind Netstar and Altron FinTech 🔹 Cash generated from continuing operations increased 32% to R1.0 billion from R762 million in HY26 🔹 Closing net cash position of more than R800 million, after a R755 million dividend payment in June 2026 for the FY26 final ordinary and special dividends
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Invicta Holdings Trading Statement for the six months ended 30 September 2026 🔹 Basic earnings per share expected to be between 213 cents and 227 cents, a decrease of between 15% and 21% from 268 cents for the six months ended 30 September 2025 🔹 HEPS expected to be between 189 cents and 199 cents, a decrease of between 25% and 29% from 265 cents for the six months ended 30 September 2025 🔹 The Group states that it has continued to operate in a challenging macroeconomic environment across its markets 🔹 Management states that it has already implemented a number of measures in response to the decline in earnings and operational performance 🔹 Management expects the full benefits of these initiatives to become evident in the next financial year 🔹 The financial information on which the trading statement is based has not been reviewed or reported on by the external auditors 🔹 The Company expects to publish its interim financial results for the six months ended 30 September 2026 on or about 23 November 2026
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Best & Worst Performers JSE TOP 40 2026 Top Performers 
1️⃣ Sasol +176.30%
2️⃣ Aspen Pharmacare +39.29%
3️⃣ BHP Group +29.56%
4️⃣ Anheuser-Busch InBev +27.17%
5️⃣ Shoprite +25.74%
6️⃣ Glencore +25.34%
7️⃣ OUTsurance +22.36%
8️⃣ Discovery +21.93%
9️⃣ Anglo American +19.68%
🔟 MTN Group +16.77% Worst Performers 
1️⃣ Sibanye-Stillwater -41.19%
2️⃣ Impala Platinum -39.20%
3️⃣ Prosus -39.14%
4️⃣ Naspers -38.96%
5️⃣ Clicks Group -36.14%
6️⃣ Northam Platinum -34.27%
7️⃣ Pepkor -31.33%
8️⃣ Valterra Platinum -25.52%
9️⃣ Harmony Gold -24.45%
🔟 Gold Fields -23.10%
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StockWave retweeted
Replying to @StockWaveNews
Exactly it. Naspers started the year at 11% of the Top 40 and is down 39%, costing more than the top six gainers added. Concentration risk is real, and equal weight tells the true story.
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The JSE Top 40 is down -7.9% this year. Yet 27 of its 41 shares have beaten it, and the median share is actually up 0.3%. How does an index fall when most of its shares beat it? 🧵 Note: The following data was calculated in RStudio using quantmod -> yahoo finance
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Add up every share’s contribution, weighted by its size at the time: 📉 Fallers knocked 14.4 pp off the index 📈 Gainers added back 6.2 pp Naspers alone cost 4.3 pp, more than the top 6 contributors added combined.
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Who moved the Top 40 in 2026: Naspers, Gold Fields and Prosus cost 7.6 pp between them. Sasol’s +173% added just 1.45 pp, because it was only ~1.5% of the index. A concentrated index means a few names decide your return. stockwave.co.za coming soon
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TODAY'S MARKET BRIEF JSE 🇿🇦 JSE All Share: -2.20% JSE Top 40: -2.42% Industrial 25: -0.06% Financial 15: -1.95% Resource 10: -5.12% Mid Cap: -1.32% Small Caps: -0.56% USDZAR: R16.70 Biggest Winners (Large Caps): - Anheuser-Busch InBev +2.30% - British American Tobacco +1.88% - Sasol +1.19% - Remgro +1.02% - MTN Group +1.00% Biggest Losers (Large Caps): - Northam Platinum -7.28% - Pan African Resources -6.95% - Sibanye-Stillwater -6.43% - Gold Fields -6.42% - Harmony Gold -6.32% USA 🇺🇸 Dow Jones -0.72% S&P500 -1.64% Nasdaq -2.65% (Note markets are still open) Rest of the world Dax 🇩🇪 -0.83% CAC 40 🇫🇷 -0.13% AEX 🇳🇱 -0.58% Euro Stoxx 50 🇪🇺 -1.16% Nikkei 225 🇯🇵 -2.12% Hang Seng 🇭🇰 +0.86% KOSPI 🇰🇷 -3.48% Commodities Gold -3.07% Silver -5.87% Platinum -3.88% Palladium -2.59% Copper -1.77% Brent Crude +2.46% Crude Oil WTI +1.96% Natural Gas -2.20% Crypto Bitcoin -0.68% Ethereum -1.38% XRP +0.98% BNB +0.06%
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Carnage out there today in the JSE Top 40 miners
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JSE Midday Brief 🇿🇦 JSE All Share: -1.03% JSE Top 40: -1.10% Industrial 25: +0.53% Financial 15: -0.71% Resource 10: -3.14% Mid Cap: -0.68% Small Caps: -0.36% Biggest Winners (Large Caps): - MTN Group +3.05% - Anheuser-Busch InBev +2.48% - British American Tobacco +2.45% - Sasol +1.18% - Discovery +0.89% Biggest Losers (Large Caps): - Northam Platinum -4.72% - Sibanye-Stillwater -4.60% - Impala Platinum -4.35% - Valterra Platinum -4.18% - Anglogold Ashanti -4.07% USDZAR: R16.64 Gold -0.86% Silver -3.29% Platinum -3.33% Palladium -2.89% Copper -1.39% Brent Crude +2.35% Crude Oil WTI +2.13%
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Collins Property Group Financial Statements for the Six Months to 31 August 2026 Summary 🔹 Headline earnings per share increased by 27.1% to 75 cents from 59 cents for the six months ended 31 August 2026 🔹 Distributable income per ordinary share was 64 cents for the six months ended 31 August 2026, compared with 63 cents 🔹 Revenue excluding straight-line rental income decreased by 2.2% to R611.05 million from R624.98 million 🔹 The company attributes the revenue decrease to a deliberate and planned outcome of its strategy of selling properties to reduce loan-to-value (LTV) 🔹 Employee benefit expenses increased as a result of the once-off settlement of an old, outdated long term incentive scheme for management 🔹 Group vacancy rate was 1.6%, unchanged from August 2025 🔹 Collection rate was 100%, up from 99% in the previous period 🔹 Net asset value per share increased by 8.8% to 1 774 cents from 1 631 cents 🔹 Approximately R2.7 billion of investment properties are in the process of being sold, which the company expects to reduce LTV from 49% to 43% as disposals complete 🔹 Interim dividend of 55 cents per ordinary share declared, compared with 52 cents for the prior period
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Kore Potash Review of Operations for the Quarter ended 30 September 2026 🔹 Kore Potash held $6.4 million in cash as at 30 September 2026 🔹 The Company continues to engage with OWI-RAMS GmbH on the basis of non-binding term sheets signed on 10 June 2025 for the total funding requirement of the Kola Project 🔹 The ESIA was temporarily paused, which the Company attributes to a lack of visibility as to the final design changes to be requested by the new strategic investors; works were suspended at the end of May 2026 to allow finalisation of the FSP 🔹 FEED for the underground design continues due to a change in the supplier of the vertical hoisting system 🔹 The Mining Convention requires construction to commence by 8 June 2027, following the new Mining Law (Law No. 1-2026 of 18 April 2026) 🔹 Discussions with the RoC Government on formalising the way forward on the Mining Convention are continuing 🔹 Two parties are currently engaged in the Formal Sale Process; a new party approached the Company on 8 June 2026 and has begun its due diligence exercise 🔹 The Company released its Half-Year Report for the six months ended 30 June 2026 on 11 September 2026 🔹 The Government has confirmed that the Ministry of Finance shall hold the 10% shareholding of Dougou Potash Mining S.A. and Kola Potash Mining S.A., and the legal process is ongoing 🔹 The ESIA is expected to resume once the strategic investors confirm their required design changes
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