An index of South African banking stocks climbed to a record high on Thursday after JPMorgan Chase & Co upgraded the country’s financial sector to overweight, citing an improving macro backdrop, attractive valuations and a positive earnings outlook.
The FTSE/JSE Banks index is on track for an all-time-high close.
Mr Price Group Ltd. slumped amid market concerns that the South African clothing chain is overpaying for the retail business of NKD Group to expand in central and eastern Europe.
South African stocks will benefit from a broader rally in emerging markets in 2026 due to attractive valuations and strong profits, according to Momentum Investments.
The searing rally across South African assets this year risks running out of steam unless economic growth picks up enough to make a dent in the nation’s sky-high unemployment rate.
Ronald Lamola, South Africa's international relations minister, left and Enoch Godongwana, South Africa's finance minister, speak to members of the media during the G-20 Summit in Johannesburg, South Africa, on Sunday, Nov. 23, 2025. South African President Cyril Ramaphosa, beset by Trump’s false claims of White genocide in his country and a US boycott, managed to get the rest of the G-20 to agree to a declaration, despite American threats.
South African mobile-network operator Cell C Holdings Ltd. opened flat in its debut on the Johannesburg Stock Exchange, with the continent’s top bourse on track for its best year for funds raised from initial public offerings since 2017.
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