The Rally in South African Mining Stocks Isn’t Done Yet
- Iron-ore, thermal coal prices seen supporting mining sectors
- Investors will be drawn by cash returns, attractive yields
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South African mining stocks have had their best start to the year since 2016 and there’s every chance they are not done yet.
The FTSE/JSE Africa Mining Index has gained 22 percent as of April 16 and is close to an eight-year high, helping South Africa’s benchmark gauge advance 12 percent as investors show few signs of nerves before elections on May 8.