| Year | Strat | JSE | Δ |
|---|---|---|---|
| 2026* | -5.9% | -1.5% | -4.4% |
| 2025 | +123.1% | +38.0% | +85.1% |
| 2024 | +0.1% | +10.8% | -10.7% |
| 2023 | -8.9% | +3.1% | -12.0% |
| 2022 | +8.8% | +0.4% | +8.3% |
| 2021 | +16.7% | +22.7% | -6.0% |
| 2020 | +0.0% | +4.8% | -4.8% |
| 2019* | +0.0% | +11.8% | -11.8% |
| Period | Strategy | JSE All Share | vs index |
|---|---|---|---|
| Day | +0.6% | -0.3% | +1.0% |
| Week | +8.9% | +3.7% | +5.2% |
| Month | +21.8% | +6.1% | +15.7% |
| # | Holding | Weight | Day | score |
|---|---|---|---|---|
| 1 | GFI modelled potential +12%; equal weight 16.7%. | 16.7% | +5.0% | 12% |
| 2 | HAR modelled potential -11%; equal weight 16.7%. | 16.7% | +0.4% | -11% |
| 3 | SSW modelled potential -17%; equal weight 16.7%. | 16.7% | -1.5% | -17% |
| 4 | EXX modelled potential -29%; equal weight 16.7%. | 16.7% | -2.7% | -29% |
| 5 | AU modelled potential -33%; equal weight 16.7%. | 16.7% | +4.7% | -33% |
| 6 | NPH modelled potential -38%; equal weight 16.7%. | 16.7% | -2.1% | -38% |
| Rebalance | Signal | Holding | Price (ZAR) | Weight | Result |
|---|---|---|---|---|---|
| 7 Aug 2026 | Buy | SSW Sibanye-Stillwater modelled potential -17%; equal weight 16.7%. | 4 343 | 16.7% | — |
| Buy | NPH Northam Platinum modelled potential -38%; equal weight 16.7%. | 26 932 | 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%) | 17 679 | — | -6.5% | |
| 14 Jul 2026 | Buy | EXX Exxaro Resources modelled potential +3%; equal weight 16.7%. | 19 854 | 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%. | 18 907 | 16.7% | — | |
| 6 Jul 2026 initial book | Buy | GFI Gold Fields modelled potential -22%; equal weight 33.3%. | 34.61 | 33.3% | — |
| Buy | AU AngloGold Ashanti modelled potential -24%; equal weight 33.3%. | 84.05 | 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.