Finweek English Edition - - SIMON SAYS -

The JSE an­nounced the in­dex changes that will be ef­fec­tive 21 Septem­ber. Kumba is ex­it­ing the Top40 and mov­ing into the Mid­Cap In­dex to be re­placed by Re­de­fine. Ex­it­ing the Mid­Cap are Illovo, Lon­min and Royal Bafo­keng Plat­inum. The trend we’ve seen over the past few years con­tin­ues as re­source stocks see their mar­ket caps con­tin­u­ally shrink­ing. Illovo is the odd one out, but its drop is not sur­pris­ing – I have been cau­tion­ing against in­vest­ing in the sugar in­dus­try for some time as global sugar prices come un­der pres­sure.

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