The JSE FTSE All Share index fell about 0.9% to close at 65,662 on Friday, extending losses for the third straight session, amid persistent concerns over the impact of inflation and tighter monetary policies on global growth. On the corporate front, strength in tech companies contrasted with losses in commodity-linked sectors and retailers. Domestically, concerns over prolonged load-shedding persist after power utility Eskom implemented the worst power cuts the country has seen in more than two years this week. On the data front, an Absa PMI report showed South Africa's factory activity expanded at a slower pace in June due to waning demand and activity during the month. The JSE ended the week 1% lower.
Historically, the South Africa Stock Market Index reached an all time high of 78297.38 in March of 2022. South Africa Stock Market Index - data, forecasts, historical chart - was last updated on July of 2022.
The South Africa Stock Market Index is expected to trade at 62208.59 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 58327.19 in 12 months time.