| Year | Strat | JSE | Δ |
|---|---|---|---|
| 2026* | -7.0% | -6.4% | -0.6% |
| 2025 | +100.4% | +37.7% | +62.6% |
| 2024 | -7.2% | +10.2% | -17.4% |
| 2023 | -18.5% | +4.0% | -22.5% |
| 2022 | +17.5% | -0.4% | +17.9% |
| 2021 | +7.1% | +24.1% | -17.0% |
| 2020 | +0.0% | +4.1% | -4.1% |
| 2019* | +0.0% | +11.3% | -11.3% |
| Period | Strategy | JSE All Share | vs index |
|---|---|---|---|
| Day | +0.1% | -0.2% | +0.3% |
| Week | +1.1% | -2.4% | +3.5% |
| Month | -13.7% | -7.3% | -6.4% |
| # | Holding | Weight | Day | score |
|---|---|---|---|---|
| 1 | GFI modelled potential -18%; equal weight 16.7%. | 16.7% | +0.2% | -18% |
| 2 | AU modelled potential -32%; equal weight 16.7%. | 16.7% | -0.5% | -32% |
| 3 | HAR modelled potential -43%; equal weight 16.7%. | 16.7% | +0.7% | -43% |
| 4 | EXX modelled potential -46%; equal weight 16.7%. | 16.7% | +0.3% | -46% |
| 5 | VAL modelled potential -51%; equal weight 16.7%. | 16.7% | +0.1% | -51% |
| 6 | KIO modelled potential -56%; equal weight 16.7%. | 16.7% | -0.1% | -56% |
| Rebalance | Signal | Holding | Price (ZAR) | Weight | Result |
|---|---|---|---|---|---|
| 14 Sep 2026 | Buy | KIO Kumba Iron Ore modelled potential -56%; equal weight 16.7%. | 23 720 | 16.7% | — |
| Sell | AGL Anglo American dropped out of the top ranking (entry score was -41%) | 84 722 | — | -9.0% | |
| 8 Sep 2026 | Buy | EXX Exxaro Resources modelled potential -47%; equal weight 16.7%. | 20 727 | 16.7% | — |
| Buy | VAL Valterra Platinum modelled potential -48%; equal weight 16.7%. | 143 269 | 16.7% | — | |
| Sell | SSW Sibanye-Stillwater dropped out of the top ranking (entry score was -3%) | 5 282 | — | +21.7% | |
| Sell | NPH Northam Platinum dropped out of the top ranking (entry score was -30%) | 32 495 | — | +20.7% | |
| 28 Aug 2026 | Buy | AGL Anglo American modelled potential -41%; equal weight 16.7%. | 93 150 | 16.7% | — |
| Sell | EXX Exxaro Resources dropped out of the top ranking (entry score was -29%) | 18 693 | — | -5.8% | |
| 7 Aug 2026 | Buy | SSW Sibanye-Stillwater modelled potential -17%; equal weight 16.7%. | 4 341 | 16.7% | — |
| Buy | NPH Northam Platinum modelled potential -38%; equal weight 16.7%. | 26 923 | 16.7% | — | |
| Sell | KIO Kumba Iron Ore dropped out of the top ranking (entry score was -36%) | 25 937 | — | -8.5% | |
| Sell | AGL Anglo American dropped out of the top ranking (entry score was -85%) | 88 100 | — | +16.6% | |
| 17 Jul 2026 | Buy | AGL Anglo American modelled potential -85%; equal weight 16.7%. | 75 537 | 16.7% | — |
| Sell | IMP Impala Platinum dropped out of the top ranking (entry score was -84%) | 17 668 | — | -6.5% | |
| 14 Jul 2026 | Buy | EXX Exxaro Resources modelled potential +3%; equal weight 16.7%. | 19 846 | 16.7% | — |
| Buy | KIO Kumba Iron Ore modelled potential -22%; equal weight 16.7%. | 28 332 | 16.7% | — | |
| Buy | IMP Impala Platinum modelled potential -84%; equal weight 16.7%. | 18 895 | 16.7% | — | |
| 6 Jul 2026 initial book | Buy | GFI Gold Fields modelled potential -22%; equal weight 33.3%. | 33.84 | 33.3% | — |
| Buy | AU AngloGold Ashanti modelled potential -24%; equal weight 33.3%. | 83.52 | 33.3% | — | |
| Buy | HAR Harmony Gold modelled potential -57%; equal weight 33.3%. | 26 363 | 33.3% | — |
Prices are the frozen close on the signal date — the price at which the live paper-book starts (buy) or stops (sell) holding the position. Sell result is the price change from the position's own buy signal, dividends not included.