[miningmx.com] — SOUTH African gold mines are the most popular companies listed on the JSE in which foreign investors are holding stakes.
This is evident from research conducted by McGregor BFA especially for Sake24 about foreign interests in various South African companies.
The research was done after another research project for Sake24 had indicated that foreigners now owned 31% of the shares on the JSE.
The research was based on transactions on the JSE that had been effected by the electronic settlement system known as Strate. This shareholding represented the position at the end of October.
During the first 10 months of the year foreigners bought shares worth R403.5bn and sold shares to the value of R381.7bn, resulting in net sales of R21.7bn.
A total 74.01% of South African gold mining group Gold Fields is owned by foreigners, with AngloGold Ashanti (68.01%) in second place.
Foreigners own 53.4% of the shares in Harmony, South Africa’s third-largest gold mining group.
Some South African banks, as well as communications groups, also have a significant number of foreign shareholders.
– Sake24
