{"id":15886,"date":"2026-01-26T16:14:30","date_gmt":"2026-01-26T16:14:30","guid":{"rendered":"https:\/\/microvibenews.com\/?p=15886"},"modified":"2026-01-26T16:14:30","modified_gmt":"2026-01-26T16:14:30","slug":"sa-stocks-hit-fresh-record-high-gains-seen-extending","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=15886","title":{"rendered":"SA stocks hit fresh record high, gains seen extending"},"content":{"rendered":"

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Surging metal prices and a strengthening rand helped propel South Africa\u2019s benchmark stock index to a record high on Monday, with investors expecting the rally to run further.<\/p>\n

Read: Resources rally takes JSE to new high<\/p>\n

The FTSE\/JSE Africa All Share Index jumped more than 1%, bringing its gain this year to 6.8%. Precious metals and mining stocks led the advance as gold passed $5 000 an ounce for the first time. Platinum and silver also reached record highs.<\/p>\n

The rand, meanwhile, strengthened below 16 per dollar for the first time since 2022, boosting prospects of lower inflation and interest rates.<\/p>\n

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South African fund managers are getting more bullish on the country\u2019s equities, even after a powerful rally that lifted the market more than 50% in dollar terms last year, according to a survey conducted earlier this month by Bank of America Corp. The benchmark is still relatively cheap, with an estimated forward price-earnings ratio of 15.6, compared with 16.9 for MSCI\u2019s emerging-market stock gauge.<\/p>\n

\u201cWe do need to temper expectations after such a strong run,\u201d said Rehana Khan, co-head of South African equity and multi-asset at Ninety One, which oversees about R3.5 trillion ($218 billion). \u201cBut we still expect inflation-beating returns from South African equities through the course of 2026.\u201d<\/p>\n

Read: What shone, and what could still shine on the JSE<\/p>\n

Ninety One expects double-digit earnings growth across parts of the market, supported by easing inflation, lower interest rates and a modest economic recovery.<\/p>\n

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Risks to the outlook are a resurgence in global inflation that delays or reverses monetary easing, while a stronger US dollar would weigh on emerging markets. Elevated geopolitical tensions and structural disruption from artificial intelligence also add to uncertainty.<\/p>\n

Read: Moneyweb\u2019s stock picks competition is back!<\/p>\n

\u201cBut if you stay focused on fundamentals and disciplined in your process, those periods of volatility can create opportunity,\u201d Khan said.<\/p>\n

\u00a9 2026 Bloomberg<\/p>\n

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