All Share index remains bullish despite Trump's tariffs

THE All Share index on the JSE recorded once again a record-breaking week. The index reached 101 034 points in intra-trade on Friday, gaining 0.2% on the day. The index improved over the week by 3.2%, advancing by 19.7% for the year to date.

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Equities are boosted by precious metals as the gold, platinum and palladium prices surged. This despite the introduction of tariffs of 30% by the US Trump administration on a wide range of products imported from South Africa, which kicked in last Thursday. The current debate like the “inability” of the South African government trade negotiators is dominating the media. Despite this noise, South African financial markets are experiencing positive movements.

Although with volatility, the Rand exchange rate ended last week flat at R17.70 to the dollar. The Rand improved by 5.6%, or 100 cents, from R18.70 since January 2, 2025. Since the beginning of the year the price for Gold in terms of dollars has increased by 30%, the Platinum price by 50% and the Palladium price by 29.8%. The Brent oil price ended the week flat on $66 per barrel.