Since peaking at 69,814 in early August, the JSE all share index (Alsi) has been falling.

Year to date it is now up a relatively modest 9.8%, having risen 17.6% by August. This compares with 18.7% for the S&P 500. The main drivers of the performance of the Alsi until its record high in August were commodity stocks. Not only did they exhibit some outstanding capital gains but most of them paid record dividends, enhancing their attraction even further...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now