South African markets closed in the red yesterday, after domestic gross domestic product grew less than expected in 4Q23. Mining company, Sibanye Stillwater dropped 5.7%, after the company reported a loss of R37.40bn in FY23. Platinum miners, Impala Platinum, Anglo American Platinum and Northam Platinum declined 3.6%, 2.5% and 1.7%, respectively.
Pharmaceutical companies, Netcare, Aspen Pharmacare Holdings and Adcock Ingram Holdings shed 2.8%, 2.5% and 1.2%, respectively. Lenders, Standard Bank Group, Capitec Bank Holdings and FirstRand fell 2.4%, 1.6% and 1.1%, respectively. On the flipside, gold miners, Harmony Gold Mining, Gold Fields and AngloGold Ashanti jumped 8.5%, 6.8% and 5.6%, respectively.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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