Investments | Why South African shares offer more than just value

South African markets closed in the green yesterday, boosted by gains in precious metal mining sector stocks. Platinum miners, Impala Platinum, Northam Platinum and Anglo American Platinum surged 10.1%, 6.7% and 3.1%, respectively. Gold miner, Harmony Gold Mining rose 2.2%, after the company concluded a five-year wage agreement with all of its labour unions. Diversified miners, Anglo American, Pan African Resources and Exxaro Resources increased 3.3%, 2.7% and 1.5%. respectively.

Pharmaceutical company, Aspen Pharmacare added 1.0%, after the company finalised the acquisition of Swiss drug maker Sandoz’s Chinese subsidiary for up to EU92.60mn (R1.90bn).

The JSE All Share index advanced 1.7% to close at 75,373.