Wrap Text
Index Change Advice – SENS Announcement: 20250922 September 2025 Quarterly Review ICA
FTSE/JSE Africa Index Series - Quarterly Review
03 September 2025
All constituent, sector, free float and shares in issue changes will be applied after the close of business on Friday, 19
September 2025 and will be effective Monday, 22 September 2025.
Classification Changes
Ticker Constituent ISIN Previous Code & Sub-sector New Code & Sub-sector
55103030 - Platinum and
THA Tharisa PLC CY0103562118 55102000 - General Mining
Precious Metals
35101010 - Real Estate Holding
RMH Rmb Holdings Ltd ZAE000024501 30202000 - Diversified Financial Services
and Development
Free Float Changes
Ticker Constituent ISIN Old FF New FF
AFE AECI ZAE000000220 99.8793 99.8795
APF Accelerate Property Fund ZAE000185815 21.4919 47.0000
ADR Adcorp Holdings ZAE000000139 60.3202 92.0689
ALV AltVest Capital ZAE000337051 59.5000 42.2330
AGL Anglo American* GB00BTK05J60 27.4357 27.1393
ANH Anheuser-Busch InBev* BE0974293251 5.1385 4.8634
ART Argent Industrial ZAE000019188 65.0228 75.2213
BHG BHP Group Ltd* AU000000BHP4 3.1293 3.0172
BAT Brait PLC LU0011857645 56.7824 60.4094
BTI British American Tobacco PLC* GB0002875804 8.8011 8.2092
BTN Burstone Group Limited ZAE000180915 75.0000 78.2757
BYI Bytes Technology Group GB00BMH18Q19 25.1760 26.4553
CAA CA Sales Holdings Limited ZAE400000036 61.1897 61.4024
CVW Castleview Property Fund Ltd ZAE000251633 21.4000 28.9000
CFR Compagnie Financiere Richemont AG* CH0210483332 8.8918 8.7179
DKR Deutsche Konsum REIT-AG DE000A14KRD3 0.0608 0.0634
DIB Dipula Properties Ltd (B) ZAE000203394 95.6300 69.2390
DCP Dis-Chem Pharmacies ZAE000227831 54.7932 58.1966
EPS Eastern Platinum CA2768555096 1.6966 1.4874
EUZ Europa Metals AU0000090060 9.8336 9.3771
FBR Famous Brands ZAE000053328 81.1312 92.7440
GML Gemfields Group Limited GG00BG0KTL52 51.7250 48.6202
GLN Glencore* JE00B4T3BW64 4.8979 6.4360
HMN Hammerson Plc GB00BRJQ8J25 21.2032 22.6977
ISB Insimbi Ind Hldgs Ltd ZAE000116828 32.8086 39.0380
INP Investec PLC* GB00B17BBQ50 52.5591 51.7245
IVT Invicta Holdings ZAE000029773 44.0822 40.6500
JBL Jubilee Metals Group GB0031852162 13.7936 14.5302
KRO Karooooo SGXZ19450089 17.5198 17.6392
KP2 Kore Potash Plc GB00BYP2QJ94 15.0759 16.4788
LSK Lesaka Technologies US64107N2062 33.9226 32.8289
MTU Mantengu Mining ZAE000320347 59.3431 55.2013
MMP Marshall Monteagle JE00B5N88T08 29.1510 29.1579
MNP Mondi Plc* GB00BMWC6P49 42.5392 42.7046
MKR Montauk Renewables Inc US61218C1036 30.9228 31.2210
NTC Netcare ZAE000011953 99.5828 99.5751
N91 Ninety One Plc GB00BJHPLV88 29.1707 27.7638
Page 1 of 10
NVS Novus Holdings Ltd ZAE000202149 30.0531 26.3693
ORN Orion Minerals AU000000ORN1 49.5529 49.9104
PAN Pan African Resources GB0004300496 69.8932 71.1695
PMR Premier Group Limited ZAE000320321 32.9000 36.0000
PHP Primary Health Properties GB00BYRJ5J14 7.7505 5.1558014672381
PRX Prosus* NL0013654783 11.8154 11.3229
QLT Quilter GB00BNHSJN34 54.0018 52.4081
REN Renergen Ltd ZAE000202610 80.5840 81.0267
SAC SA Corporate Real Estate Fund ZAE000203238 98.0200 83.0144
SCD Schroder European Real Estate Investment Trust GB00BY7R8K77 3.8582 3.8333
SEP Sephaku Holdings Ltd. ZAE000138459 60.5600 64.4996
SHC Shaftesbury Capital GB00B62G9D36 7.0978 7.3974
SRE Sirius Real Estate Ltd GG00B1W3VF54 30.1774 29.3628
S32 South32 AU000000S320 6.8315 6.2202
SDL Southern Palladium AU0000220808 43.9451 39.2916
SEA Spear REIT ZAE000228995 74.7426 71.7119
SSK Stefanutti & Bressan Holding ZAE000123766 78.2871 67.064
SRI Supermarket Income REIT GB00BF345X11 10.4641 10.5943
TGA Thungela Resources ZAE000296554 81.6443 79.4496
VAL Valterra Platinum Ltd* ZAE000013181 47.696999877973 79.0613
VIS Visual International Holdings Ltd ZAE000187407 25.8717 18.1674
* Top 40 Constituent
SWIX Portfolio Weight Changes
** Please refer to the Free Float Changes above. As per Phase 1 of the Index Harmonisation project which went live on 18 March
2024, all constituents use the same free float in the vanilla and SWIX indices.
Shares in Issue Changes
Ticker Constituent ISIN Old SII New SII
ART Argent Industrial ZAE000019188 54,430,980 53,852,476
COH Curro Holdings ZAE000156253 571,814,362 564,882,508
CPR Copper 360 Ltd ZAE000318531 698,351,660 719,851,660
CSB Cashbuild Ltd ZAE000028320 23,694,712 23,379,712
CVW Castleview Property Fund Ltd ZAE000251633 984,411,189 1,012,964,669
DTC Datatec ZAE000017745 236,184,688 239,499,656
DKR Deutsche Konsum REIT-AG DE000A14KRD3 43,351,091 50,351,091
EPE EPE Capital Partners Ltd MU0522S00005 287,500,000 256,413,954
EUZ Europa Metals AU0000090060 97,671,790 102,171,790
GML Gemfields Group Limited GG00BG0KTL52 1,168,027,130 1,724,230,526
HYP Hyprop Investments Ltd ZAE000190724 380,399,133 399,419,089
IVT Invicta Holdings ZAE000029773 91,920,783 88,790,154
JBL Jubilee Metals Group GB0031852162 3,065,640,251 3,146,295,996
LTE Lighthouse Properties plc MU0461N00015 2,040,229,731 2,089,010,218
MTN MTN Group* ZAE000042164 1,884,269,758 1,833,678,868
MTU Mantengu Mining ZAE000320347 286,233,579 317,732,250
MTM Momentum Group Limited ZAE000269890 1,372,130,794 1,354,230,804
NY1 Ninety One Ltd ZAE000282356 271,191,419 268,370,594
ORN Orion Minerals AU000000ORN1 6,850,447,818 7,281,636,069
SNV Santova Limited ZAE000159711 127,995,736 129,640,438
SDL Southern Palladium AU0000220808 90,950,000 106,950,000
SEA Spear REIT ZAE000228995 339,986,976 414,886,976
SYG Sygnia Limited ZAE000208815 152,030,696 155,545,696
TBS Tiger Brands ZAE000071080 178,680,213 175,764,426
* Top 40 Constituent
Page 2 of 10
FTSE/JSE All Share (J203; J303)
Equities for inclusion to index
NO CONSTITUENT ADDITIONS
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
CSB Cashbuild Ltd ZAE000028320 87.7000% 143
FTSE/JSE Top 40 (J200; J2EQ; J300)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
GLN Glencore plc JE00B4T3BW64 13,300,000,000 6.4360% 35
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
APN Aspen Pharmacare Hldgs Ltd ZAE000066692 86.6499% 44
Index Reserve List
Ticker Constituent ISIN Free Float Rank
TBS Tiger Brands Ltd ZAE000071080 86.0300% 39
EXX Exxaro Resources Ltd ZAE000084992 68.9785% 42
MTM Momentum Group Limited ZAE000269890 91.7000% 43
APN Aspen Pharmacare Hldgs Ltd ZAE000066692 86.6499% 44
TFG The Foschini Group Limited ZAE000148466 96.8019% 45
FTSE/JSE Mid Cap (J201)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
KIO Kumba Iron Ore Ltd ZAE000085346 322,085,974 16.7900% 33
PAN Pan African Resource plc GB0004300496 2,335,675,263 71.1695% 57
KST PSG Fin Services Ltd ZAE000191417 1,260,782,880 77.1114% 63
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
SAP Sappi Ltd ZAE000006284 99.1231% 83
Page 3 of 10
FTSE/JSE Small Cap (J202)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
SAP Sappi Ltd ZAE000006284 604,641,463 99.1231% 83
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
PAN Pan African Resource plc GB0004300496 71.1695% 57
KST PSG Fin Services Ltd ZAE000191417 77.1114% 63
CSB Cashbuild Ltd ZAE000028320 87.7000% 143
FTSE/JSE Fledgling (J204)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
CSB Cashbuild Ltd ZAE000028320 23,694,712 87.7000% 143
OAO Oando plc NGOANDO00002 12,431,412,481 0.1514% 162
MCZ MC Mining Limited AU000000MCM9 414,013,349 6.9500% 190
Equities for exclusion from index
NO CONSTITUENT DELETIONS
FTSE/JSE Large Cap (J205)
Equities for inclusion to index
NO CONSTITUENT ADDITIONS
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
KIO Kumba Iron Ore Ltd ZAE000085346 16.7900% 33
FTSE/JSE Large & Mid Cap (J206)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
PAN Pan African Resource plc GB0004300496 2,335,675,263 71.1695% 57
KST PSG Fin Services Ltd ZAE000191417 1,260,782,880 77.1114% 63
Page 4 of 10
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
SAP Sappi Ltd ZAE000006284 99.1231% 83
FTSE/JSE Shariah Top 40 (J140; J141)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
GLN Glencore plc JE00B4T3BW64 13,300,000,000 6.4360% 35
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
APN Aspen Pharmacare Hldgs Ltd ZAE000066692 86.6499% 44
FTSE/JSE Shariah All Share (J143)
Equities for inclusion to index
NO CONSTITUENT ADDITIONS
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
SRE Sirius Real Estate Ltd GG00B1W3VF54 29.3628% 54
CSB Cashbuild Ltd ZAE000028320 87.7000% 143
FTSE/JSE Resource 10 (J210; J310; J3EQ)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
GLN Glencore plc JE00B4T3BW64 6.4360% 11
EXX Exxaro Resources Ltd ZAE000084992 68.9785% 12
PAN Pan African Resource plc GB0004300496 71.1695% 13
FTSE/JSE Industrial 25 (J211; J311; J5EQ)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
BAW Barloworld Ltd ZAE000026639 74.6168% 26
ADH ADvTECH Ltd ZAE000031035 87.1200% 27
MTH Motus Holdings Ltd ZAE000261913 86.1914% 28
Page 5 of 10
FTSE/JSE Financial 15 (J212; J4EQ)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
MTM Momentum Group Limited ZAE000269890 91.7000% 15
QLT Quilter plc GB00BNHSJN34 52.4081% 17
FFB Fortress Real Est Inv B ZAE000248506 99.2776% 18
FTSE/JSE Financial and Industrial 30 (J213)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
TBS Tiger Brands Ltd ZAE000071080 86.0300% 28
MTM Momentum Group Limited ZAE000269890 91.7000% 31
TFG The Foschini Group Limited ZAE000148466 96.8019% 33
FTSE/JSE Alternative Exchange Index (J232)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
GCT Greencoat Renewables plc IE00BF2NR112 1,113,535,009 0.2300% 1
SKA Shuka Minerals Plc GB00BN47NP32 66,858,597 0.3739% 17
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
CCC Cilo Cybin Holdings Ltd ZAE000310397 10.0000% 13
FTSE/JSE ALTX 15 (J233)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
GCT Greencoat Renewables plc IE00BF2NR112 1,113,535,009 0.2300% 6
SKA Shuka Minerals Plc GB00BN47NP32 66,858,597 0.3739% 10
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
CCC Cilo Cybin Holdings Ltd ZAE000310397 10.0000% 7
Page 6 of 10
Index Reserve List
No eligible companies remaining on reserve list
FTSE/JSE Preference Share Index (J251)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
NTCP Netcare Limited Pref ZAE000081121 6,500,000 100% 5
Equities for exclusion from index
NO CONSTITUENT DELETIONS
FTSE/JSE SA Listed Property Index (J253)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
No eligible companies remaining on reserve list
FTSE/JSE Capped Property Index (J254)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
EMI Emira Property Fund Ltd ZAE000203063 38.5808% 22
FTSE/JSE Dividend+ (J259)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
NY1 Ninety One Limited ZAE000282356 271,191,419 81.2548% 12
PAN Pan African Resource plc GB0004300496 2,335,675,263 71.1695% 18
MNP Mondi plc GB00BMWC6P49 441,412,530 42.7046% 22
ANG AngloGold Ashanti plc GB00BRXH2664 504,087,287 70.1832% 23
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
SAP Sappi Ltd ZAE000006284 99.1231% 5
VAL Valterra Platinum Ltd ZAE000013181 79.0613% 42
SSW Sibanye Stillwater Ltd ZAE000259701 99.0900% 48
SOL Sasol Limited ZAE000006896 91.0768% 56
Page 7 of 10
Index Reserve List
Ticker Constituent ISIN Free Float Rank
LHC Life Healthc Grp Hldgs Ltd ZAE000145892 93.3439% 25
SPP The Spar Group Ltd ZAE000058517 99.8574% 27
GFI Gold Fields Ltd ZAE000018123 98.4859% 31
S32 South32 Limited AU000000S320 6.2202% 34
APN Aspen Pharmacare Hldgs Ltd ZAE000066692 86.6499% 36
FTSE/JSE Value Index (J330)
Equities for inclusion to index
NO CONSTITUENT ADDITIONS
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
CSB Cashbuild Ltd ZAE000028320 87.7000% 143
FTSE/JSE Growth Index (J331)
Equities for inclusion to index
NO CONSTITUENT ADDITIONS
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
CSB Cashbuild Ltd ZAE000028320 87.7000% 143
FTSE/JSE Shareholder Weighted Top 40 (J400; J430)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
GLN Glencore plc JE00B4T3BW64 13,300,000,000 6.4360% 35
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
APN Aspen Pharmacare Hldgs Ltd ZAE000066692 86.6499% 44
Index Reserve List
Ticker Constituent ISIN Free Float Rank
TBS Tiger Brands Ltd ZAE000071080 86.0300% 39
EXX Exxaro Resources Ltd ZAE000084992 68.9785% 42
MTM Momentum Group Limited ZAE000269890 91.7000% 43
APN Aspen Pharmacare Hldgs Ltd ZAE000066692 86.6499% 44
TFG The Foschini Group Limited ZAE000148466 96.8019% 45
Page 8 of 10
FTSE/JSE Shareholder Weighted All Share (J403; J433)
Equities for inclusion to index
NO CONSTITUENT ADDITIONS
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
CSB Cashbuild Ltd ZAE000028320 87.7000% 143
FTSE/JSE Tradable Property (J800)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
FFB Fortress Real Est Inv B ZAE000248506 99.2776% 9
1,204,291,830
Equities for exclusion from index
NO CONSTITUENT DELETIONS
FTSE/JSE All Property (J803)
NO CONSTITUENT ADDITIONS OR DELETIONS
FTSE/JSE SA REIT (J805)
NO CONSTITUENT ADDITIONS OR DELETIONS
FTSE/JSE SWIX Resource 10 (JSZ0)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
GLN Glencore plc JE00B4T3BW64 6.4360% 11
EXX Exxaro Resources Ltd ZAE000084992 68.9785% 12
PAN Pan African Resource plc GB0004300496 71.1695% 13
Page 9 of 10
FTSE/JSE SWIX Industrial 25 (JSZ1)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
BAW Barloworld Ltd ZAE000026639 74.6168% 26
ADH ADvTECH Ltd ZAE000031035 87.1200% 27
MTH Motus Holdings Ltd ZAE000261913 86.1914% 28
FTSE/JSE SWIX Financial 15 (JSZ2)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
MTM Momentum Group Limited ZAE000269890 91.7000% 15
QLT Quilter plc GB00BNHSJN34 52.4081% 17
FFB Fortress Real Est Inv B ZAE000248506 99.2776% 18
FTSE/JSE SWIX Financial and Industrial 30 (JSZ3)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
TBS Tiger Brands Ltd ZAE000071080 86.0300% 28
MTM Momentum Group Limited ZAE000269890 91.7000% 31
TFG The Foschini Group Limited ZAE000148466 96.8019% 33
For further information please contact FTSE Russell Client Services at info@ftserussell.com or indices@jse.co.za or call:
Australia +1800 653 680
Hong Kong +852 2164 3333
Japan +81 3 4563 6346
London +44 (0) 20 7866 1810
New York +1866 551 0617
JSE Limited +27 11 520 7000
Alternatively please visit our website at www.ftserussell.com or www.ftsejse.co.za
Terms of Use | Copyright © 2025 FTSE Russell
Page 10 of 10
Date: 04-09-2025 07:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
