https://en.sputniknews.africa/20250401/south-african-mining-stocks-soar-amid-gold-and-platinum-rally-1071385444.html
South African Mining Stocks Soar Amid Gold and Platinum Rally
South African Mining Stocks Soar Amid Gold and Platinum Rally
Sputnik Africa
Gold has hit multiple records this year, driven by central bank purchases and increased demand as a safe-haven asset amid global economic uncertainty. Analysts... 01.04.2025, Sputnik Africa
2025-04-01T18:32+0200
2025-04-01T18:32+0200
2025-04-01T18:32+0200
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South African mining stocks experienced their strongest monthly performance on record in March, driven by soaring gold and platinum prices. An index tracking the country’s mining companies surged 33%, marking the biggest monthly gain since 1995, Bloomberg reported on Tuesday.This surge helped the FTSE/JSE All Share Index rise 3.1% for the month, outperforming both emerging-market peers and US equities.Gold producers led the charge, with Harmony Gold Mining Co. and Sibanye Stillwater Ltd. both jumping 48%, making them the best-performing stocks in the benchmark index. DRDGOLD Ltd. and AngloGold Ashanti Plc also posted significant gains as gold prices continued their rally.Platinum producers also capitalized on favorable market conditions. A slowdown in electric vehicle sales has fueled demand for platinum, which is used in gasoline-powered engines. The spot price of platinum has risen 10% year-to-date, driving gains for Impala Platinum Holdings Ltd. (+43% in March) and Northam Platinum Holdings Ltd. (+35%).In dollar terms, South Africa’s benchmark index, the FTSE/JSE All Share Index, gained nearly 5% in March, outperforming the S&P 500, which represents the performance of 500 large US companies and suffered a 6% loss during the same period.This means that South African stocks not only showed resilience but also became more attractive to international investors. The contrast highlights that South African equities outperformed their US counterparts in March, making them a relatively better investment option for that month.Despite this strong performance, South African stocks remain cheaper than US stocks, with a forward price-earnings ratio of 15, compared to 21 for the S&P 500—suggesting potential investment opportunities.
https://en.sputniknews.africa/20250401/gold-set-to-end-first-quarter-with-almost-20-price-growth-1071375353.html
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economy, south africa, united states (us), southern africa, finance, gold, investment, resources, stock market
South African Mining Stocks Soar Amid Gold and Platinum Rally
Christina Glazkova
Writer / Editor
Gold has hit multiple records this year, driven by central bank purchases and increased demand as a safe-haven asset amid global economic uncertainty. Analysts at Goldman Sachs predict that the meta prices could climb even higher, potentially reaching $3,300 per ounce in the coming months.
South African mining stocks experienced their strongest monthly performance on record in March, driven by soaring gold and platinum prices. An index tracking the country’s mining companies surged 33%, marking the biggest monthly gain since 1995, Bloomberg reported on Tuesday.
This surge helped the FTSE/JSE All Share Index rise 3.1% for the month, outperforming both emerging-market peers and US equities.
Gold producers led the charge, with Harmony Gold Mining Co. and Sibanye Stillwater Ltd. both jumping 48%, making them the best-performing stocks in the benchmark index. DRDGOLD Ltd. and AngloGold Ashanti Plc also posted significant gains as gold prices continued their rally.
Platinum producers also capitalized on favorable market conditions. A slowdown in electric vehicle sales has fueled demand for platinum, which is used in gasoline-powered engines. The spot price of platinum has risen 10% year-to-date, driving gains for Impala Platinum Holdings Ltd. (+43% in March) and Northam Platinum Holdings Ltd. (+35%).
In dollar terms, South Africa’s benchmark index, the FTSE/JSE All Share Index, gained nearly 5% in March, outperforming the S&P 500, which represents the performance of 500 large US companies and suffered a 6% loss during the same period.
This means that South African stocks not only showed resilience but also became more attractive to international investors. The contrast highlights that South African equities outperformed their US counterparts in March, making them a relatively better investment option for that month.
Despite this strong performance, South African stocks remain cheaper than US stocks, with a forward price-earnings ratio of 15, compared to 21 for the S&P 500—suggesting potential investment opportunities.
