The best and worst JSE performers of 2017
Kumba Iron Ore enjoyed a 137% annual gain; the biggest loser is no mystery, just ask Markus Jooste
29 December 2017 - 14:41
Iron ore producer Kumba was the JSE’s best performing share of 2017 with a 137% annual gain. Kumba’s biggest domestic customer ArcelorMittal, in contrast, was the fourth-worst performer with a 66% drop. Whereas import protection did not appear to help the steel producer much, higher tariffs on foreign chicken helped Astral’s share price rise 113%, making it the JSE’s third-best performer behind Namibian industrial holding company Trustco. Trustco’s second place is mainly due to one 43% leap on November 24 when it sold 20% of its subsidiary Legal Shield Holdings to Riskowitz Value Fund for R1.2bn.
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