StrategySouth Africa Index

South Africa Index

basketname	weekch	monthch	ytdch	yearch
South Africa Index	2.21	19.50	61.33	-14.87

Select Equity Indexes Yields

name	weekch	monthch	ytdch	yearch
Russian Trading System Cash Index	3.54	12.85	26.89	-6.91
S&P 500 Index	-0.75	1.90	1.56	-0.47
Hong Kong Hang Seng Index	-1.51	3.83	-3.64	-24.94
Ibovespa Brasil Sao Paulo Stock Exchange Index	1.27	6.83	25.29	-3.41
S&P BSE SENSEX Index	-0.75	3.17	-1.68	-5.00

Best Stocks 1m in USD %ch

Name	ChngePct	Country
Kumba Iron Ore Ltd (KIO:SJ)	78.70
Anglo American PLC (AGL:SJ)	59.59
Assore Ltd (ASR:SJ)	49.25
African Rainbow Minerals Ltd (ARI:SJ)	46.95
Impala Platinum Holdings Ltd (IMP:SJ)	46.95
Exxaro Resources Ltd (EXX:SJ)	36.02
Nampak Ltd (NPK:SJ)	28.81
PPC Ltd (PPC:SJ)	27.92
Anglo American Platinum Ltd (AMS:SJ)	24.52
Barloworld Ltd (BAW:SJ)	24.29

Worst Stocks 1m in USD %

Name	ChngePct	Country
Harmony Gold Mining Co Ltd (HAR:SJ)	-7.09
Sappi Ltd (SAP:SJ)	-5.49
Naspers Ltd (NPN:SJ)	1.22
Shoprite Holdings Ltd (SHP:SJ)	2.54
Massmart Holdings Ltd (MSM:SJ)	4.67
MMI Holdings Ltd/South Africa (MMI:SJ)	5.00
Mediclinic International Ltd (MDC:SJ)	6.60
Bidvest Group Ltd/The (BVT:SJ)	8.01
Investec Ltd (INL:SJ)	8.07
RMB Holdings Ltd (RMH:SJ)	8.16

Best Stocks YTD in USD %

Name	ChngePct	Country
Assore Ltd (ASR:SJ)	257.31
Kumba Iron Ore Ltd (KIO:SJ)	246.08
Harmony Gold Mining Co Ltd (HAR:SJ)	218.56
African Rainbow Minerals Ltd (ARI:SJ)	188.37
Anglo American PLC (AGL:SJ)	167.04
Anglo American Platinum Ltd (AMS:SJ)	159.85
Impala Platinum Holdings Ltd (IMP:SJ)	151.28
Exxaro Resources Ltd (EXX:SJ)	133.70
AngloGold Ashanti Ltd (ANG:SJ)	115.23
Northam Platinum Ltd (NHM:SJ)	98.26

Worst Stocks YTD in USD %

Name	ChngePct	Country
Naspers Ltd (NPN:SJ)	3.66
Woolworths Holdings Ltd/South Africa (WHL:SJ)	5.95
PPC Ltd (PPC:SJ)	8.03
Sappi Ltd (SAP:SJ)	8.24
Discovery Ltd (DSY:SJ)	11.41
Mediclinic International Ltd (MDC:SJ)	11.41
Investec Ltd (INL:SJ)	13.51
Nedbank Group Ltd (NED:SJ)	13.51
Remgro Ltd (REM:SJ)	17.31
Nampak Ltd (NPK:SJ)	18.11

South Africa Index Stock News

South Africa Index

By: Research Team

Comment

Best last week among stocks was Pick n Pay Stores Ltd (PIK:SJ) +8.22%, Gold Fields Ltd (GFI:SJ) +8.15%, Nampak Ltd (NPK:SJ) +7.86%,

While worst last week among stocks was Kumba Iron Ore Ltd (KIO:SJ) -7.85%, FirstRand Ltd (FSR:SJ) -2.37%, MMI Holdings Ltd/South Africa (MMI:SJ) -1.49%,

Best last month among stocks was Kumba Iron Ore Ltd (KIO:SJ) +78.70%, Anglo American PLC (AGL:SJ) +59.59%, Assore Ltd (ASR:SJ) +49.25%,

While worst last month among stocks was Harmony Gold Mining Co Ltd (HAR:SJ) -7.09%, Sappi Ltd (SAP:SJ) -5.49%, Naspers Ltd (NPN:SJ) 1.22%,

Best YTD among stocks was Assore Ltd (ASR:SJ) +257.31%, Kumba Iron Ore Ltd (KIO:SJ) +246.08%, Harmony Gold Mining Co Ltd (HAR:SJ) +218.56%,

While worst YTD among stocks was Naspers Ltd (NPN:SJ) 3.66%, Woolworths Holdings Ltd/South Africa (WHL:SJ) 5.95%, PPC Ltd (PPC:SJ) 8.03%,

This index is the standard symmetrical index of investible South_Africa stocks

Country Composition

country	Weight %
	100.00

Sector Composition

Industry	Weight %
Precious Metal Mining	12.00
Banks	12.00
Steel Raw Material Suppliers	8.00
Food & Drug Stores	8.00
Specialty Apparel Stores	6.00
Health Care Facilities	6.00
Life Insurance	6.00
Telecom Carriers	4.00
Packaged Food	4.00
REIT	4.00
Paper	2.00
Office Electronics	2.00
Food Products Wholesalers	2.00
Entertainment Content	2.00
Integrated Oils	2.00
Home Products Stores	2.00
Managed Care	2.00
Coal Operations	2.00
P&C Insurance	2.00
Generic Pharma	2.00
Industrial Distribution & Rental	2.00
Cement & Aggregates	2.00
Mass Merchants	2.00
Automotive Retailers	2.00
Containers & Packaging	2.00

Key Basket Multiples

Stocks	Total MCap US mn	Payout Ratio	Div Yield	PE	NetMargin	1yr Return
50	334680.6	41.2	3.4	15.77	17.79	-0.8

Results

2015-11-27 Naspers Ltd
consserv

BRIEF-Naspers says to report results in dollars

Naspers Mulls $2.5 Billion Capital Raising as Profit Gains

2015-11-30 Naspers Ltd
consserv

BRIEF-Naspers says to report results in dollars

Naspers Mulls $2.5 Billion Capital Raising as Profit Gains

value	stock	Country	Industry	MCap US mn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Harmony Gold Mining Co Ltd	HAR:SJ		Precious Metal Mining	1543.61	-	-	1.37	0.00	0.00	102.24	90.96
Assore Ltd	ASR:SJ		Steel Raw Material Suppliers	1957.45	2.50%	11.97	9.43	78.78	29.93	69.06	154.51
Pick n Pay Stores Ltd	PIK:SJ		Food & Drug Stores	2529.58	2.02%	32.97	0.49	1.49	66.60	27.17	51.00
Truworths International Ltd	TRU:SJ		Specialty Apparel Stores	3236.96	4.13%	16.00	3.29	20.56	66.08	24.14	83.50
Sappi Ltd	SAP:SJ		Paper	2342.05	-	10.84	0.43	3.97	-0.00	22.25	4.09
Anglo American Platinum Ltd	AMS:SJ		Precious Metal Mining	7773.98	-	1,002.88	1.80	99.99	-0.00	21.62	189.34
Reunert Ltd	RLO:SJ		Office Electronics	922.32	5.69%	12.17	1.42	11.67	69.25	21.45	78.91
Gold Fields Ltd	GFI:SJ		Precious Metal Mining	3725.25	0.39%	-	1.54	0.00	-0.00	16.51	5.23
Vodacom Group Ltd	VOD:SJ		Telecom Carriers	17264.16	4.80%	18.71	3.04	16.25	89.81	15.20	91.27
Tiger Brands Ltd	TBS:SJ		Packaged Food	4741.80	2.70%	19.72	1.80	9.13	53.24	14.71	46.08
SPAR Group Ltd/The	SPP:SJ		Food & Drug Stores	2761.78	2.97%	25.46	0.50	1.96	75.62	12.83	53.67
Bidvest Group Ltd/The	BVT:SJ		Food Products Wholesalers	8495.16	2.67%	18.09	0.61	3.37	48.30	12.69	34.99
African Rainbow Minerals Ltd	ARI:SJ		Steel Raw Material Suppliers	1713.26	3.12%	19.91	2.78	13.96	62.12	8.43	53.32
Redefine Properties Ltd	RDF:SJ		REIT	4179.26	6.51%	14.62	5.17	35.36	95.18	7.97	112.61
Woolworths Holdings Ltd/South Africa	WHL:SJ		Food & Drug Stores	6716.21	3.09%	21.35	1.42	6.65	65.97	4.59	44.59
Naspers Ltd	NPN:SJ		Entertainment Content	60063.45	0.24%	93.19	10.49	11.26	22.37	3.81	-67.03
Shoprite Holdings Ltd	SHP:SJ		Food & Drug Stores	6876.96	2.33%	21.24	0.77	3.63	49.49	2.51	23.10
Investec Ltd	INL:SJ		Banks	6942.65	3.85%	12.59	1.41	11.20	48.47	0.45	36.25
Sasol Ltd	SOL:SJ		Integrated Oils	21207.59	3.70%	11.05	1.67	15.11	40.89	0.39	34.06
Steinhoff International Holdings Ltd	SHF:SJ		Home Products Stores	0.00	-	-	-	0.00	0.00	-0.15	-11.43
Mr Price Group Ltd	MPC:SJ		Specialty Apparel Stores	0.00	-	-	-	0.00	0.00	-0.15	-11.43
Mediclinic International Ltd	MDC:SJ		Health Care Facilities	0.00	-	-	-	0.00	0.00	-0.15	-11.43
Northam Platinum Ltd	NHM:SJ		Precious Metal Mining	1733.67	-	-	2.87	0.00	0.00	-0.71	-11.99
Remgro Ltd	REM:SJ		Packaged Food	9257.29	1.74%	16.51	4.92	29.80	28.73	-1.66	29.08
Discovery Ltd	DSY:SJ		Managed Care	5774.40	1.37%	22.70	2.11	9.30	31.10	-2.12	4.29
Life Healthcare Group Holdings Ltd	LHC:SJ		Health Care Facilities	2748.32	4.12%	20.78	2.65	12.75	85.61	-3.76	62.54
Growthpoint Properties Ltd	GRT:SJ		REIT	4912.37	5.33%	18.23	7.68	42.13	97.17	-4.37	105.41
Exxaro Resources Ltd	EXX:SJ		Coal Operations	2253.22	1.67%	19.64	1.74	8.86	32.80	-5.01	5.73
Rand Merchant Investment Holdings Ltd	RMI:SJ		P&C Insurance	4435.99	2.75%	21.42	4.51	21.06	58.91	-5.61	41.65
Aspen Pharmacare Holdings Ltd	APN:SJ		Generic Pharma	10733.10	0.64%	32.67	4.30	13.16	20.91	-5.80	-15.68
Sanlam Ltd	SLM:SJ		Life Insurance	10480.02	3.55%	14.86	1.62	10.90	52.75	-6.09	31.42
Barloworld Ltd	BAW:SJ		Industrial Distribution & Rental	1227.50	4.19%	10.12	0.28	2.77	42.40	-7.43	16.34
PPC Ltd	PPC:SJ		Cement & Aggregates	638.53	3.80%	10.34	0.86	8.32	39.29	-7.64	18.34
Foschini Group Ltd/The	TFG:SJ		Specialty Apparel Stores	2304.61	4.13%	16.21	1.69	10.43	66.95	-7.80	42.09
Netcare Ltd	NTC:SJ		Health Care Facilities	3715.23	2.54%	20.83	1.45	6.96	52.91	-9.07	18.69
Impala Platinum Holdings Ltd	IMP:SJ		Precious Metal Mining	3039.26	-	256.52	1.11	0.43	-0.00	-9.14	-276.51
Liberty Holdings Ltd	LBH:SJ		Life Insurance	2807.07	4.94%	9.15	0.51	5.57	45.20	-9.68	20.67
RMB Holdings Ltd	RMH:SJ		Banks	5749.16	5.10%	11.30	-	-0.00	57.63	-12.97	22.08
FirstRand Ltd	FSR:SJ		Banks	17991.73	4.92%	11.84	2.55	21.54	58.25	-13.43	43.24
Massmart Holdings Ltd	MSM:SJ		Mass Merchants	1859.02	2.11%	23.65	0.31	1.31	49.90	-14.38	1.90
Anglo American PLC	AGL:SJ		Steel Raw Material Suppliers	14333.64	2.85%	-	0.70	0.00	-0.00	-15.49	-26.77
Barclays Africa Group Ltd	BGA:SJ		Banks	8576.14	6.93%	8.55	1.16	13.57	59.25	-16.49	36.50
Imperial Holdings Ltd	IPL:SJ		Automotive Retailers	2118.69	5.47%	8.95	0.26	2.91	48.96	-18.22	13.41
Standard Bank Group Ltd	SBK:SJ		Banks	14498.60	5.28%	9.20	1.26	13.70	48.58	-19.71	22.08
Nedbank Group Ltd	NED:SJ		Banks	6330.41	6.08%	7.97	1.05	13.17	48.46	-21.33	21.05
MMI Holdings Ltd/South Africa	MMI:SJ		Life Insurance	2611.68	6.63%	12.54	0.79	6.30	83.14	-21.68	43.94
Kumba Iron Ore Ltd	KIO:SJ		Steel Raw Material Suppliers	2611.89	-	9.79	1.03	10.52	-0.00	-23.69	-34.24
MTN Group Ltd	MTN:SJ		Telecom Carriers	19285.54	8.79%	19.98	1.85	9.26	175.62	-26.99	126.63
Nampak Ltd	NPK:SJ		Containers & Packaging	1176.11	5.50%	13.38	0.89	6.65	73.59	-33.70	21.88
AngloGold Ashanti Ltd	ANG:SJ		Precious Metal Mining	6483.95	-	-	1.59	0.00	0.00	57.14	45.86

Index Sector Valuations vs GEM Average

Sector	Sector MCap US mn	Sector MCap Share in Total	Gem Sector Share In Total GEM	GEM Sector MCAP USmn	Payout Ratio	GEM Payout Ratio	Div Yield	GEM Div Yield	PE	PEGEM	PE Discount vs GEM	NetMargin	NetMarginGEM	Margin Diff. vs GEM	1yr Return	GEM 1yr Return
Communications	96613.2	28.9	10.3	794505.8	37.4	43.3	2.8	3.2	19.4	18.2	6.6	11.7	13.6	1.9	-0.3	-0.7
Consumer Discretionary	7660.3	2.3	6.6	509681.0	61.6	27.0	4.5	2.0	14.1	16.4	-14.0	12.6	9.6	-3.0	2.8	3.1
Consumer Staples	43237.8	12.9	7.5	584775.3	50.5	38.0	2.4	1.8	20.5	28.2	-27.3	9.9	10.3	0.4	6.7	12.3
Energy	23460.8	7.0	12.6	973390.4	40.1	40.8	3.5	4.4	11.9	12.4	-4.0	14.5	9.7	-4.8	-0.1	-21.0
Financials	89515.1	26.7	32.8	2543065.7	58.9	26.0	5.1	4.0	12.1	8.8	37.5	17.4	20.4	3.0	-11.6	3.2
Health Care	22971.0	6.9	2.3	178295.8	36.4	20.3	1.5	1.0	26.8	31.7	-15.5	11.1	17.0	5.9	-5.2	13.6
Industrials	1227.5	0.4	5.8	453138.2	42.4	23.4	4.2	1.8	10.1	18.6	-45.7	2.8	11.4	8.6	-7.4	22.9
Materials	49072.6	14.7	7.6	590209.4	5.6	27.5	2.6	3.1	7.6	18.1	-58.0	76.6	9.8	-66.8	12.3	-0.1
Technology	922.3	0.3	10.8	833615.6	69.2	29.2	5.7	2.3	12.2	18.9	-35.4	11.7	19.8	8.1	21.4	2.8

Top 5 South Africa Index Long Picks

value	stock	Country	Industry	MCapUSDmn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Anglo American Platinum Ltd	AMS:SJ		Precious Metal Mining	7773.98	-	1,002.88	1.80	99.99	-0.00	21.62	189.34
Assore Ltd	ASR:SJ		Steel Raw Material Suppliers	1957.45	2.50%	11.97	9.43	78.78	29.93	69.06	154.51
MTN Group Ltd	MTN:SJ		Telecom Carriers	19285.54	8.79%	19.98	1.85	9.26	175.62	-26.99	126.63
Redefine Properties Ltd	RDF:SJ		REIT	4179.26	6.51%	14.62	5.17	35.36	95.18	7.97	112.61
Growthpoint Properties Ltd	GRT:SJ		REIT	4912.37	5.33%	18.23	7.68	42.13	97.17	-4.37	105.41

Top 5 South Africa Index Short Picks

value	stock	Country	Industry	MCapUSDmn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Impala Platinum Holdings Ltd	IMP:SJ		Precious Metal Mining	3039.26	-	256.52	1.11	0.43	-0.00	-9.14	-329.39
Naspers Ltd	NPN:SJ		Entertainment Content	60063.45	0.24%	93.19	10.49	11.26	22.37	3.81	-119.91
Kumba Iron Ore Ltd	KIO:SJ		Steel Raw Material Suppliers	2611.89	-	9.79	1.03	10.52	-0.00	-23.69	-87.12
Anglo American PLC	AGL:SJ		Steel Raw Material Suppliers	14333.64	2.85%	-	0.70	0.00	-0.00	-15.49	-79.65
Aspen Pharmacare Holdings Ltd	APN:SJ		Generic Pharma	10733.10	0.64%	32.67	4.30	13.16	20.91	-5.80	-68.55

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Top 10 South Africa Focused Funds by Inflows Last Week

Fund Name	fund flow mn$	Total Assets mn$
OASIS PROPERTY EQUITY FUND - D ZAR (OASPROD)	0.0	44.0
ATLANTIC REAL INCOME FUND - A (ATREINA)	0.0	3.3
OASIS CRESCENT INTERNATIONAL PROPERTY EQUITY FEEDER FUND - D (OASPRED)	0.0	38.9
ASHBURTON MULTI-MANAGER PROPERTY FUND - BJM MM PROP B1 (BJMPRB1)	-0.1	51.0

Top 10 South Africa Focused Funds by Outflow Last Week

Fund Name	fund flow mn$	Total Assets mn$
ASHBURTON MULTI-MANAGER PROPERTY FUND - BJM MM PROP B1 (BJMPRB1)	-0.1	51.0
OASIS CRESCENT INTERNATIONAL PROPERTY EQUITY FEEDER FUND - D (OASPRED)	0.0	38.9
ATLANTIC REAL INCOME FUND - A (ATREINA)	0.0	3.3
OASIS PROPERTY EQUITY FUND - D ZAR (OASPROD)	0.0	44.0

South Africa Index

Select Equity Indexes Yields

South Africa Index Stock News

Barloworld Ltd

Massmart Holdings Ltd

Vodacom Group Ltd

Sappi Ltd

PPC Ltd

Aspen Pharmacare Holdings Ltd

Tiger Brands Ltd

Imperial Holdings Ltd

Assore Ltd

MTN Group Ltd

Reunert Ltd

MMI Holdings Ltd/South Africa

Bidvest Group Ltd/The

Anglo American PLC

African Rainbow Minerals Ltd

Investec Ltd

SPAR Group Ltd/The

Barclays Africa Group Ltd

Shoprite Holdings Ltd

Gold Fields Ltd

Discovery Ltd

Northam Platinum Ltd

Naspers Ltd

Pick n Pay Stores Ltd

Netcare Ltd

Sasol Ltd

Mediclinic International Ltd

Nedbank Group Ltd

Woolworths Holdings Ltd/South Africa

Kumba Iron Ore Ltd

Mr Price Group Ltd

Exxaro Resources Ltd

Impala Platinum Holdings Ltd

Foschini Group Ltd/The

Redefine Properties Ltd

Standard Bank Group Ltd

Truworths International Ltd

Growthpoint Properties Ltd

Remgro Ltd

FirstRand Ltd

RMB Holdings Ltd

Harmony Gold Mining Co Ltd

Steinhoff International Holdings Ltd

Anglo American Platinum Ltd

Nampak Ltd

Liberty Holdings Ltd

Rand Merchant Investment Holdings Ltd

Sanlam Ltd

Life Healthcare Group Holdings Ltd

AngloGold Ashanti Ltd

South Africa Index

Comment

This index is the standard symmetrical index of investible South_Africa stocks

Country Composition

Sector Composition

Key Basket Multiples

Results

Index Sector Valuations vs GEM Average

Top 5 South Africa Index Long Picks

Top 5 South Africa Index Short Picks

South Africa Index MidLincoln.com