The FTSE/JSE All Share Index in South Africa fell 0.5% to close at 63,550 on Friday, having touched a fresh all-time high of 64,079 earlier in the session, as investors welcomed US President-elect Joe Biden’s $1.9 trillion relief plan but remained worried about its passage in Congress. Meantime, South Africa’s health department said it expects to finalize deals to buy millions of additional coronavirus vaccines within a month and has agreed on an expedited payment process with the National Treasury to avoid delays in delivery. The country is also in the second of four days of rolling power cuts after the state-owned power utility Eskom reported loss of generation capacity at a newly built plant and other operational issues. For the week, the benchmark index was almost flat.
Historically, the South Africa Stock Market reached an all time high of 64079.16 in January of 2021. South Africa Stock Market - data, forecasts, historical chart - was last updated on January of 2021.
The South Africa Stock Market is expected to trade at 62524.02 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 58614.28 in 12 months time.