Why The JSE Top 40 Isn’t Telling The Whole Story
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The JSE Top 40 may be having a stellar year on paper, but dig deeper and the shine starts to fade, especially if you're looking for signs of real, on-the-ground wealth creation in South Africa.
We speak to The Finance Ghost, a respected retail analyst, to separate index illusion from investment reality. Yes, the JSE Top 40 ETF is up nearly 19% this year—but nearly a third of that performance can be attributed to just a handful of stocks like Naspers, Prosus, and gold miners riding global tailwinds. So what does that really tell us about the South African economy?
We speak to The Finance Ghost, a respected retail analyst, to separate index illusion from investment reality. Yes, the JSE Top 40 ETF is up nearly 19% this year—but nearly a third of that performance can be attributed to just a handful of stocks like Naspers, Prosus, and gold miners riding global tailwinds. So what does that really tell us about the South African economy?