How South Africa became a mining country again
Resources have tripled their weighting on the JSE over the past decade, and four miners have muscled their way into the Top 10 most valuable companies.
South Africa's mining industry has experienced significant growth over the past decade. The Johannesburg Stock Exchange (JSE) has seen resources triple their weighting, with four mining companies now among the top 10 most valuable companies.
One major development in the sector is the acquisition of Omnia Holdings Limited, a Johannesburg-headquartered chemicals conglomerate, by Solar Industries India Limited's subsidiary. The deal, worth approximately $1.355 billion, will see Omnia delisted from the JSE and A2X Markets. Omnia's mining segment, operating under the BME brand, brings expertise in bulk explosives, electronic detonation systems, and mining chemicals.
The growth of the mining industry has contributed to changes in South Africa's industrial property environment. However, according to Moneyweb, the main change has been the increased presence of mining companies on the JSE.
Brief written by urgent.news from Moneyweb, IOL, Hindu BusinessLine — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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