Market overview
The FTSE/JSE All Share closed last week at 101 835.60, decreasing by 0.86%. The oil & gas and basic materials sectors were the biggest contributors increasing by 2.31% and 1.02% respectively during the previous week. The biggest detractor was the telecommunication sector, which lost 3.93% over the same period.
Looking at the MSCI indices, developed markets decreased by 0.34% during the previous week, while emerging markets decreased by 0.76% over the same period.
SA Producer prices index edges higher
South Africa’s Producer Price Index (PPI) inflation accelerated to 1.5% in July 2025, the highest rate in a year, from 0.6% in the previous month. On a monthly basis, producer prices inched up by 0.7%, after increasing by 0.2% in the previous month. PPI serves as a leading indicator for inflation.
SA Leading business cycle indicator turns positive
The composite leading business cycle indicator in South Africa rose by 0.4% month-over-month in June 2025, following a 1.3% decline in May. Three of the seven available components contributed positively, led by faster growth in real M1 money supply and higher US dollar–denominated export commodity prices. Meanwhile, the main negative contributions came from a narrower interest rate spread and weaker passenger vehicle sales.
Thanks to PPS Investments for the weekly Market overview.
Financial Indicators by Sharedata.co.za
SARS is quietly taking more money from everyone earning a salary in South Africa
The South African Revenue Service (SARS) is quietly lapping up billions of rands from South African workers and employees thanks to bracket creep. Read the full impact of this in the Businesstech article here>
South African rand steady before manufacturing PMI and car sales figures
The South African rand was stable in early trade on Monday, before the release of a purchasing managers’ index (PMI) survey for the local manufacturing sector and vehicle sales data. At 0539 GMT the rand traded at 17.6350 against the dollar, a whisker away from Friday’s close. Read the full CNBC Africa report here>
European stocks gain, bonds struggle ahead of this week’s crucial U.S. data
A holiday on Wall Street left shares around the world free to go their own ways on Monday, with Chinese tech names surging and Europe slightly higher, while European long-dated bonds remained under heavy pressure. Read the Investing.com article here>
Gold gains amid US rate cut bets
Gold hit a more than four-month high on Monday, as increased bets for a US Federal Reserve interest rate cut this month lifted bullion’s allure, while silver rose above $40/oz for the first time in more than a decade. See the full BusinessDay article here>
Dollar hits lowest since end-July ahead of US jobs data
The dollar hit a 5-week low on Monday as investors looked ahead to a raft of U.S. labour market data this week that could affect expectations for the Federal Reserve’s monetary easing path. Read the full Reuters article here>
What people value most in a Financial Advisor
This infographic supplied by Ninety One highlights what people see as important in their dealings with a Financial Advisor.
