The 40 largest JSE companies are ranked by market capitalization, or market cap, to form the Top 40 index. The number of outstanding shares multiplied by the current share price is a company’s market capitalization. The Top 200 index is a fairly accurate representation of the overall performance of the South African stock market because, despite comprising only 2040 shares out of the approximately 400 shares listed on the JSE, it represents more than 80% of the total market capitalization of all JSE-listed companies.
The holding company for a collection of businesses that produce, market, and sell tobacco products, such as cigars and roll-your-own tobacco, is British American Tobacco PLC. According to sales, it is the second-biggest tobacco company in the world (after Philip Morris International). With operations in about 180 countries, BAT holds a dominant position in the market in more than 50 countries. Dunhill, Lucky Strike, Kent, and Pall Mall are its top four selling brands; additional brands include Kool and Benson. http://www. bat. com/ Price: R546. 03 PE: 21. 27 Mkt cap: R1. 11tr http://www. bloomberg. com/quote/BTI:SJ.
London, United Kingdom is home to the global brewing and beverage company SABMiller plc (LSE: SAB, JSE: SAB). In terms of sales, it is the second-biggest brewer in the world (behind Anheuser-Busch InBev), and it is a significant Coca-Cola bottler. Fosters, Grolsch, Miller Genuine Draft, Peroni Nastro Azzurro, and Pilsner Urquell are some of its brands. It sells about 21 billion liters of lager annually and operates in 75 countries throughout Africa, Asia, Australasia, Europe, North America, and South America. The founding of Castle Breweries in 1895 to cater to the expanding needs of miners and prospectors in and around Johannesburg, South Africa, is where SABMiller got its start. The company began to grow internationally in the early 1990s and made a number of acquisitions in both developed and emerging markets. Miller Brewing was acquired by SAB plc in May 2002, creating SABMiller plc. http://www. sabmiller. com/ Price: R506. 35 PE: 29. 10 Mkt cap: R845. 49bn http://www. bloomberg. com/quote/SAB:SJ.
BHP Billiton Plc is an international resources company. The company’s main business segments are petroleum exploration and production as well as mineral exploration and production, which includes gold, titanium, ferroalloys, nickel and copper concentrate, coal, iron ore, and titanium. Dually-listed company with BHP AU. http://www. bhpbilliton. com/ Price: R283. 11 PE: 13. 36 Mkt cap: R604. 78bn http://www. bloomberg. com/quote/BIL:SJ.
Johann Rupert, a South African businessman, founded the luxury goods holding company Compagnie Financière Richemont SA in Switzerland in 1988. Richemont creates, produces, markets, and sells high-end jewelry, watches, leather goods, writing instruments, shotguns, rifles, apparel, and accessories through its numerous subsidiaries. Richemont is a publicly traded business that is listed on the JSE Securities Exchange in addition to the SIX Swiss Exchange. Among their brands are Cartier, Mont Blanc, Panerai, Alfred Dunhill, and numerous others. Compagnie Financière Richemont SA is the sixth-largest corporation in the Swiss Market Index based on market capitalization as of November 2012. Richemont is the third-biggest luxury goods company in the world as of 2009. http://www. richemont. com/ Price: R90. 13 PE: 24. 10 Mkt cap: R470. 48bn http://www. bloomberg. com/quote/CFR:SJ.
Anglo American PLC is a global mining company. Bulk commodities like iron ore, manganese, and metallurgical coal, base metals like copper and nickel, and precious metals and minerals like platinum and diamonds are all part of the company’s mining portfolio. Anglo American PLC is a mining company that operates in Australia, Asia, Europe, North and South America, and Africa. http://www. angloamerican. com/ Price: R226. 90 PE: 29. 09 Mkt cap: R318. 90bn http://www. bloomberg. com/quote/AGL:SJ.
MTN Group Limited provides a wide range of communication services. The Company’s services include cellular network access and business solutions. The multinational telecommunications company MTN Group operates in several Middle Eastern and African nations. http://www. mtn. co. za/ Price: R171. 20 PE: 15. 72 Mkt cap: R322. 19bn http://www. bloomberg. com/quote/MTN:SJ.
Holding company Naspers Limited is home to a number of businesses involved in the print and electronic media sectors. The Group publishes books, periodicals, and newspapers in addition to offering internet and television subscription services. http://www. naspers. com/ Price: R710. 00 PE: 49. 48 Mkt cap: R295. 03bn http://www. bloomberg. com/quote/NPN:SJ.
South Africa, Europe, North America, and Asia are the locations of Sasol’s production facilities. Sasol is an integrated oil and gas company with significant chemical interests. The company develops projects worldwide to transform natural gas into clean diesel fuel and runs commercial-scale coal-to-fuel and chemical production facilities in South Africa. http://www. sasol. com/ Price: R445. 00 PE: 10. 40 Mkt cap: R288. 52bn http://www. bloomberg. com/quote/SOL:SJ.
Holding company Standard Bank Group Limited is responsible for a collection of businesses providing financial services. In addition to other services, the Group offers insurance broking, mutual fund management, property fund management, and other services in the areas of personal, corporate, merchant, and commercial banking. Additionally, Standard Bank serves as Liberty Life Group Limited’s parent company. http://www. standardbank. co. za/ Price: R109. 90 PE: 11. 41 Mkt cap: R177. 81bn http://www. bloomberg. com/quote/SBK:SJ.
In South Africa, Vodacom Group Limited runs a cellular phone network. The company operates mobile operations in the Democratic Republic of the Congo, Tanzania, Mozambique, and Lesotho. http://www. vodacom. com/com/main/home Price: R113. 50 PE: 13. 02 Mkt cap: R168. 88bn http://www. bloomberg. com/quote/VOD:SJ.
Kumba Iron Ore Limited mines for and produces iron ore. http://www. kumba. co. za/ Price: R479. 85 PE: 12. 64 Mkt cap: R154. 55bn http://www. bloomberg. com/quote/KIO:SJ.
FirstRand Limited is a financial services company that offers its portfolio of independently branded franchises to retail, commercial, corporate, and public sector clients in the areas of banking and insurance. The Group works in African countries in addition to South Africa. http://www. firstrand. co. za/Pages/Firstrand. aspx Price: R27. 25 PE: 10. 48 Mkt cap: R153. 63bn http://www. bloomberg. com/quote/FSR:SJ.
An international group for long-term savings, investments, and protection is called Old Mutual PLC. Customers in Africa, the Americas, Asia, and Europe can obtain life insurance, asset management, banking, and general insurance services from the company. http://www. oldmutual. com/ Price: R29. 88 PE: 17. 94 Mkt cap: R145. 55bn http://www. bloomberg. com/quote/OML:SJ.
The holding company of a banking and financial services group is called ABSA Group Limited. Through local and global networks, the Group offers a variety of retail and corporate banking, insurance, financial, and property services. http://www. absa. co. za/ Price: R143. 50 PE: 11. 69 Mkt cap: R103. 06bn http://www. bloomberg. com/quote/ASA:SJ.
Sanlam Limited is a financial services group in South Africa. Sanlam offers life insurance, retirement annuities, unit trusts, health insurance, and employee benefits through its subsidiaries. Furthermore, the Group offers group funds investment and risk products. Sanlam owns stakes in businesses engaged in commercial banking, short-term insurance, and securities trading. http://www. sanlam. co. za/ Price: R47. 60 PE: 16. 07 Mkt cap: R99. 96bn http://www. bloomberg. com/quote/SLM:SJ.
A holding company for investments, Shoprite Holdings Limited has subsidiaries in the grocery store, produce distribution, furniture retailing, and real estate holding sectors. The Group’s retail chains include Sentra, Shoprite, Checkers, OK, Hyperama, and Freshmark. http://www. shoprite. co. za/ Price: R170. 00 PE: 26. 48 Mkt cap: R96. 00bn http://www. bloomberg. com/quote/SHP:SJ.
Remgro Ltd is a holding company for investments in the following areas: banking and finance, food, wine and spirits, packaging, glass goods, medical services, mining, petroleum, and wine and spirits. It owns stakes in FirstRand Bank, RMB Holdings, Rainbow Chicken, and Medi-Clinic Corp., among other companies. , Unilever South Africa, Tsb Sugar and Total South Africa. http://www. remgro. com/ Price: R189. 65 PE: 22. 53 Mkt cap: R91. 24bn http://www. bloomberg. com/quote/REM:SJ.
A bank holding company, Nedbank Group Ltd. offers fund management, personal, business, corporate, and merchant banking, as well as associated financial services, all over South Africa. Furthermore, Nedbank is a global bank with offices in London and the Isle of Man, as well as affiliates and subsidiaries in sub-Saharan Africa. http://www. nedbankgroup. co. za/ Price: R172. 92 PE: 10. 51 Mkt cap: R88. 22bn http://www. bloomberg. com/quote/NED:SJ.
Aspen Pharmacare Holdings Limited is a worldwide provider of consumer and nutritional goods in specific regions, as well as branded and generic medications. http://www. aspenpharma. com/ Price: R188. 01 PE: 26. 83 Mkt cap: R85. 68bn http://www. bloomberg. com/quote/APN:SJ.
Anglo American Platinum Limited serves as the parent company for a collection of businesses that manage platinum mines. The Group mines and produces platinum group metals, including palladium, rhodium, iridium, ruthenium, osmium, nickel, copper, and cobalt, in addition to platinum. http://www. angloamericanplatinum. com/ Price: R318. 00 PE: -56. 58 Mkt cap: R85. 76bn http://www. bloomberg. com/quote/AMS:SJ.
We work in the areas of consumer and industrial products, electrical products, financial services, freight management, office and print solutions, outsourced hard and soft services, travel and aviation services, and automotive retailing. We are a leading South African services, trading, and distribution group. With our roots firmly planted in South Africa and our company listed on the JSE Limited, we continuously expand our product offering through both organic and acquisitive growth in both local and niche international markets. ’.
AngloGold Ashanti Limited is a holding company for a collection of businesses that conduct global gold mining and exploration. The Group operates in Namibia, Mali, Brazil, Argentina, Australia, Tanzania, and the United States in addition to the West Witwatersrand and Vaal River regions of South Africa. http://www. anglogoldashanti. com/ Price: R169. 96 PE: 8. 83 Mkt cap: R65. 22bn http://www. bloomberg. com/quote/ANG:SJ.
Implats, also known as Impala Platinum Holdings Limited, is the holding company for a collection of businesses that run platinum mines. Apart from mining platinum, Implats also produces and markets other platinum group metals like nickel, rhodium, and palladium. Additionally, Implats offers base and precious metals producers refining services. http://www. implats. co. za/ Price: R101. 41 PE: 42. 25 Mkt cap: R64. 11bn http://www. bloomberg. com/quote/IMP:SJ.
Woolworths Holdings Limited is a South African-based retail group. Under its own brand name, The Group runs a chain of retail locations that sell a variety of goods including apparel, food, housewares, cosmetics, and financial services. In addition, the company owns a clothing and homeware retailer with locations throughout the Middle East and a few African nations. http://www. woolworthsholdings. co. za/ Price: R68. 28 PE: 23. 08 Mkt cap: R57. 53bn http://www. bloomberg. com/quote/WHL:SJ.
Tiger Brands Limited produces, processes, and sells food items such as confections, general foods, edible oils and derivatives, and products for milling and baking. The Group also owns a pharmaceutical distributor and manufacturer in South Africa. http://www. tigerbrands. co. za/ Price: R294. 37 PE: 17. 11 Mkt cap: R56. 38bn http://www. bloomberg. com/quote/TBS:SJ.
An international network of private hospitals, Mediclinic International Limited operates in the United Arab Emirates, Namibia, South Africa, and Switzerland. http://www. mediclinic. co. za Price: R68. 80 PE: -50. 74 Mkt cap: R56. 89bn http://www. bloomberg. com/quote/MDC:SJ.
Exxaro Resources Limited mines and produces coal. The company also aims to acquire a stake in zinc and titanium mines. http://www. exxaro. com/ Price: R153. 32 PE: 10. 94 Mkt cap: R54. 88bn http://www. bloomberg. com/quote/EXX:SJ.
RMB Holdings Limited is an investment holding company. The Company offers life, group, pension, and annuity assurance, merchant banking, asset and fund management, property management, and other services through its equity investment in FirstRand Limited. RMB Holdings holds investments in insurance and financial services companies. http://www. rmbh. co. za/ Price: R36. 89 PE: 10. 75 Mkt cap: R52. 08bn http://www. bloomberg. com/quote/RMH:SJ.
Intu Properties PLC is a real estate investment trust. The trust invests in regional shopping centers outside of London. Intu Properties PLC owns and manages retail, office, and mixed-use properties in California through a subsidiary. http://www. intugroup. co. uk/ Price: R51. 90 PE: 29. 78 Mkt cap: R50. 19bn http://www. bloomberg. com/quote/ITU:SJ.
Growthpoint Properties Limited is a South African real estate firm. The company owns a portfolio of South African and Australian commercial, retail, and industrial properties, the majority of which are warehouses. http://www. growthpoint. co. za/ Price: R26. 70 PE: 26. 71 Mkt cap: R50. 50bn http://www. bloomberg. com/quote/GRT:SJ.
Discovery Ltd. provides life insurance in South Africa and the United Kingdom as well as health insurance in the United States, South Africa, and the United Kingdom. In addition, the company provides science-based wellness program sponsorship and tax-efficient investment products. https://www. discovery. co. za/ Price: R80. 64 PE: 19. 14 Mkt cap: R47. 73bn http://www. bloomberg. com/quote/DSY:SJ.
Gold Fields Limited produces precious metals. The company has partnerships in Finland and mines in South Africa, Ghana, and Australia. Precious metals programs are offered by Gold Fields in Africa, Australasia, Europe, North America, and South America. http://www. goldfields. co. za/ Price: R61. 55 PE: 95. 70 Mkt cap: R45. 54bn http://www. bloomberg. com/quote/GFI:SJ.
Mondi Plc is is an integrated paper and packaging group. The company produces office paper, packaging paper, and products that are converted from packaging. Mondi operates and maintains interests in South Africa, Emerging Europe, and Western Europe. Dually-listed company with MND SJ. http://www. mondigroup. com/ Price: R127. 92 PE: 19. 12 Mkt cap: R46. 98bn http://www. bloomberg. com/quote/MNP:SJ.
The holding company for a collection of businesses that produce and market home goods and associated timber products across southern Africa and Europe is Steinhoff International Holdings Limited. The Group markets its products to middle and upper-income groups. http://www. steinhoffinternational. com/ Price: R25. 05 PE: 7. 84 Mkt cap: R45. 00bn http://www. bloomberg. com/quote/SHF:SJ.
Base minerals and metals are the main areas of interest for Assore Limited, a mining holding company. The Company mines and produces ferrochrome, ferromanganese, iron ore, and manganese ore. http://www. assore. com/ Price: R328. 28 PE: 12. 30 Mkt cap: R45. 83bn http://www. bloomberg. com/quote/ASR:SJ.
Investec PLC is an international specialist bank and asset manager. The Group offers trade finance, asset management, securities trading, corporate and investment banking, private banking, and property trading and management services. Dually-listed company with INL SJ. http://www. investec. co. za/ Price: R69. 43 PE: 16. 19 Mkt cap: R42. 03bn http://www. bloomberg. com/quote/INP:SJ.
Southern African consumers can purchase general merchandise, food, and alcoholic beverages from Massmart Holdings Limited. The Group uses Game, Dion, Makro, Shield, and CCW as its five distinct chains to conduct business. http://www. massmart. co. za/ Price: R190. 42 PE: 29. 21 Mkt cap: R41. 33bn http://www. bloomberg. com/quote/MSM:SJ.
Imperial Holdings Limited is a multifaceted holding company that manages a collection of businesses that offer life insurance, banking, automobile leasing, coach tours, motor vehicle retailing, leasing for aircraft, commercial transportation, warehousing and logistics, and other associated financial services and investments. http://www. imperial. co. za/ Price: R196. 91 PE: 11. 81 Mkt cap: R41. 12bn http://www. bloomberg. com/quote/IPL:SJ.
Truworths International Limited is a retailer of apparel and jewelry. Through the branded stores “Truworths Man,” “Truworths Ladies,” “Daniel Hechter,” “Inwear,” and “LTD,” the Group conducts business in southern Africa. http://www. truworths. co. za/ Price: R80. 00 PE: 13. 78 Mkt cap: R37. 03bn http://www. bloomberg. com/quote/TRU:SJ.
African Rainbow Minerals Ltd. is a mining company based in South Africa that is diversified and has low-cost, long-lasting assets. The company mines and processes coal, platinum group metals, copper, nickel, manganese ore, and alloys. ARM also has an investment in gold. http://www. arm. co. za/ Price: R169. 56 PE: 12. 50 Mkt cap: R36. 55bn http://www. bloomberg. com/quote/ARI:SJ.
Investec Limited is an international investment and private banking group. The Group offers trade finance, asset management, securities trading, corporate and investment banking, private banking, and property trading and management services. Dually-listed company with INVP LN. http://www. investec. co. za/ Price: R69. 00 PE: 16. 09 Mkt cap: R19. 30bn http://www. bloomberg. com/quote/INL:SJ.
An international paper and packaging group, Mondi Ltd., has significant operations in South Africa, Russia, and central Europe. The company produces packaging paper, converted packaging products, and uncoated fine paper. It is integrated throughout the paper and packaging process. Dually-listed company with MNDI LN. http://www. mondigroup. com/ Price: R128. 67 PE: 19. 24 Mkt cap: R15. 22bn http://www. bloomberg. com/quote/MND:SJ [wpcol_1half id=”” class=”” style=””].
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Looking to invest in the JSE but unsure which shares to buy? Look no further! This guide provides a comprehensive overview of the top JSE shares to consider in 2024, along with valuable insights to help you make informed investment decisions.
Top 5 JSE Shares to Trade in 2024:
- Gold Fields Limited (GFI): A leading gold mining company with a strong track record of profitability and dividend payouts.
- Naspers Limited (NPN): A diversified technology and media giant with a global footprint and significant growth potential.
- British American Tobacco (BTI): The largest tobacco company listed on the JSE, offering stable dividends and potential for long-term growth.
- Tesla (TSLA): A disruptive electric vehicle and clean energy company with a passionate following and high growth potential.
- Anglo American Plc (AAL): A global mining giant with a diversified portfolio of commodities and a strong commitment to sustainability.
Additional Considerations for Long-Term Investment:
Top 5 JSE Long-Term Shares to Buy:
- Absa Group Limited (ABG): A leading South African bank with a strong financial position and growth prospects.
- Glencore (GLEN): A global commodity trading and mining company with a diversified portfolio and strong financial performance.
- Exxaro Resources Limited (EXX): A leading South African mining company with a focus on coal and renewable energy.
- Investec Limited (INL): A trusted wealth management group with a strong track record and growth potential.
- Standard Bank Group Limited (SBK): A top JSE-listed financial services group with a diversified business model and strong regional presence.
Understanding Long-Term Investment:
Long-term investment involves holding an investment for more than a year, encompassing various assets like bonds stocks, exchange-traded funds, and mutual funds. It’s a strategy for wealth accumulation over time, but it carries inherent risks for higher potential rewards.
Key Factors to Consider When Choosing Shares:
- Company fundamentals: Analyze the company’s financial performance, growth prospects, and competitive landscape.
- Industry trends: Consider the overall industry outlook and potential for growth.
- Market conditions: Evaluate the current market sentiment and economic factors that may impact the share price.
- Your risk tolerance: Determine your comfort level with risk and align your investment choices accordingly.
- Investment goals: Define your investment objectives and choose shares that align with your long-term goals.
Disclaimer:
The information provided in this guide is for general knowledge and educational purposes only, and does not constitute financial advice. It is essential to conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Additional Resources:
- South African (JSE) Stocks – Top Gainers Today: https://sashares.co.za/best-shares-to-buy-jse/
- 10 Best shares to buy on the JSE (https://www.linkedin.com/pulse/10-best-shares-buy-jse-jse-shares): https://www.linkedin.com/pulse/10-best-shares-buy-jse-jse-shares
By following these guidelines and conducting thorough research, you can make informed decisions and choose the best JSE shares to buy in 2024, aligning your investments with your financial goals and risk tolerance.
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Investec Limited is an international investment and private banking group. The Group provides corporate and investment banking, private banking, securities trading, asset management, property trading and management and trade finance services. Dually-listed company with INVP LN. http://www.investec.co.za/ Price: R69.00 PE: 16.09 Mkt cap: R19.30bn http://www.bloomberg.com/quote/INL:SJ
Vodacom Group Limited operates a cellular telephone network in South Africa. The Company has mobile operations in Tanzania, Mozambique, Lesotho and the Democratic Republic of Congo. http://www.vodacom.com/com/main/home Price: R113.50 PE: 13.02 Mkt cap: R168.88bn http://www.bloomberg.com/quote/VOD:SJ
Old Mutual PLC is an international long-term savings, protection and investment Group. The Company provides life assurance, asset management, banking and general insurance to customers in Africa, the Americas, Asia and Europe. http://www.oldmutual.com/ Price: R29.88 PE: 17.94 Mkt cap: R145.55bn http://www.bloomberg.com/quote/OML:SJ
Imperial Holdings Limited is a diversified holding company for a group of companies which provide car rental, leasing, coach touring, motor vehicle retailing, aviation leasing, commercial transport, warehousing and logistics, life insurance, banking and other related financial services and investments. http://www.imperial.co.za/ Price: R196.91 PE: 11.81 Mkt cap: R41.12bn http://www.bloomberg.com/quote/IPL:SJ
RMB Holdings Limited is an investment holding company. Through its equity investment in FirstRand Limited, the Company has activities which include life, group, pension and annuity assurance, merchant banking, asset and fund management, property management and other services. RMB Holdings holds investments in insurance and financial services companies. http://www.rmbh.co.za/ Price: R36.89 PE: 10.75 Mkt cap: R52.08bn http://www.bloomberg.com/quote/RMH:SJ
BEST 8 SOUTH AFRICAN shares to buy now for 2023?
FAQ
What are top 40 shares?
Are JSE shares a good buy?
JSE shares plunged with the removal of South Africa’s finance minister in Decmeber 2015, but JSE share price has since staged a recovery from R115.70 to R162.64 by September 2016, making the shares a good buy once again. The group’s latest financial data showed after-tax earnings of R899 million for 2015, a 42% increase from the previous year.
Where can I buy JSE shares in South Africa?
The Johannesburg Stock Exchange (JSE) is the only licensed and full-service securities exchange in South Africa and the market of choice for investors locally and internationally who want to buy and sell shares in South Africa and Africa. Can you buy JSE shares online?
How to buy JSE listed firm shares online?
We have made it simple to buy JSE listed firm shares online. Verify account via email or phone number. KYC your profile to get verified. Explore and get acquainted with the trading dashboard. Deposit fiat into your trading account. Invest and trade in stocks that you want in your portfolio.
How many companies are listed on the JSE?
There are almost 400 companies listed across the Main Board and AltX of the JSE, consisting of 62 equities, 120 equity derivatives, 92 commodity derivatives and 102 interest rate and currency derivatives. The live online stocks chart shows that JSE share price has a history of strong gains.