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Index Change Advice – 20251222 December 2025 Quarterly Review ICA
FTSE/JSE Africa Index Series - Quarterly Review
03 December 2025
All constituent, sector, free float and shares in issue changes will be applied after the close of business on Friday, 19
December 2025 and will be effective Monday, 22 December 2025.
Classification Changes
NO CLASSIFICATION CHANGES
Free Float Changes
Ticker Constituent ISIN Old FF New FF
AFE AECI ZAE000000220 99.8795 99.8809
AGL Anglo American* GB00BTK05J60 27.1393 25.0152
ANG AngloGold Ashanti Plc* GB00BRXH2664 70.1832 68.9778
ANH Anheuser-Busch InBev* BE0974293251 4.8634 5.2044
BHG BHP Group Ltd* AU000000BHP4 3.0172 2.8271
BLU Blu Label Unlimited ZAE000109088 53.2696 66.8129
BTI British American Tobacco PLC* GB0002875804 8.2092 6.8977
BYI Bytes Technology Group GB00BMH18Q19 26.4553 46.1489
CAA CA Sales Holdings Limited ZAE400000036 61.4024 61.7434
CLH City Lodge Hotels ZAE000117792 83.4191 80.2109
CLS Clicks Group Ltd* ZAE000134854 99.9112 99.6147
CLI Clientele ZAE000117438 8.9600 7.0449
CFR Compagnie Financiere Richemont AG* CH0210483332 8.7179 8.7537
ENX ENX Group ZAE000222253 50.4000 69.0134
EPE EPE Capital Partners Ltd MU0522S00005 82.1876 90.4793
EPS Eastern Platinum CA2768555096 1.4874 1.4405
EUZ Europa Metals AU0000090060 9.3771 9.5211
GML Gemfields Group Limited GG00BG0KTL52 48.6202 56.0670
GLN Glencore* JE00B4T3BW64 6.4360 7.4266
GCT Greencoat Renewables (Johannesburg) IE00BF2NR112 0.2300 1.1609
HMN Hammerson Plc GB00BRJQ8J25 22.6977 26.4969
INP Investec PLC* GB00B17BBQ50 51.7245 49.5560
JBL Jubilee Metals Group GB0031852162 14.5302 15.4898
KRO Karooooo SGXZ19450089 17.6392 17.6901
KP2 Kore Potash Plc GB00BYP2QJ94 16.4788 18.0279
LSK Lesaka Technologies US64107N2062 32.8289 31.8544
MCZ MC Mining AU000000MCM9 6.9500 23.5796
MMP Marshall Monteagle JE00B5N88T08 29.1579 29.1583
MNP Mondi Plc* GB00BMWC6P49 42.7046 41.7203
MKR Montauk Renewables Inc US61218C1036 31.2210 31.2191
NTC Netcare ZAE000011953 99.5751 98.3426
N91 Ninety One Plc GB00BJHPLV88 27.7638 26.1101
OAO Oando NGOANDO00002 0.1514 0.1556
ORN Orion Minerals AU000000ORN1 49.9104 52.6359
PAN Pan African Resources GB0004300496 71.1695 70.4528
PHP Primary Health Properties GB00BYRJ5J14 5.155801467238 2.8015
PRX Prosus* NL0013654783 11.3229 9.7948
QLT Quilter GB00BNHSJN34 52.4081 49.8799
SCD Schroder European Real Estate Investment Trust GB00BY7R8K77 3.8333 3.7212
SKA Shuka Minerals (Johannesberg) GB00BN47NP32 0.3739 3.2848
SRE Sirius Real Estate Ltd GG00B1W3VF54 29.3628 28.5160
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S32 South32 AU000000S320 6.2202 5.2237
SDL Southern Palladium AU0000220808 39.2916 38.3728
SRI Supermarket Income REIT GB00BF345X11 10.5943 11.3848
TEX Texton Property Fund ZAE000190542 10.5087 7.0855
TGA Thungela Resources ZAE000296554 79.4496 76.7612
TRL Trellidor Holdings Ltd ZAE000209342 88.3747 85.3366
VAL Valterra Platinum Ltd* ZAE000013181 82.2818 88.0155
YRK York Timber Holdings ZAE000133450 44.8273 36.6168
* 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
BAC Africa Bitcoin Corp Ltd ZAE000337051 11,000,000 11,368,598
ARI African Rainbow Minerals Ltd ZAE000054045 222,619,139 208,710,769
BIK Brikor Ltd ZAE000101945 838,242,031 822,342,031
CGR CALGRO M3 HOLDINGS ZAE000109203 114,381,575 113,054,050
CLH City Lodge Hotels ZAE000117792 592,856,452 554,472,062
CLS Clicks Group Ltd* ZAE000134854 236,938,881 234,495,860
CPR Copper 360 Ltd ZAE000318531 3,019,849,699 4,194,477,699
DTC Datatec ZAE000017745 239,499,656 235,352,451
DIB Dipula Properties Ltd (B) ZAE000203394 910,452,117 1,013,398,710
EMN E Media Holdings N ZAE000209524 603,986,815 617,531,741
EMI Emira Property Fund ZAE000203063 514,233,099 500,862,855
EXX Exxaro Resources ZAE000084992 349,305,092 341,913,674
FFB FORTRESS REAL EST INV B ZAE000248506 1,204,291,830 1,218,250,389
FTB Fairvest Limited B ZAE000304796 1,793,474,520 1,974,347,227
HMN Hammerson Plc GB00BRJQ8J25 488,884,956 532,054,593
LBR Libstar Holdings ZAE000250239 681,921,408 608,871,625
MMP Marshall Monteagle JE00B5N88T08 44,821,890 35,857,512
NPN Naspers* ZAE000351946 822,156,380 783,586,530
ORN Orion Minerals AU000000ORN1 7,281,636,069 8,071,389,544
PBT PBT Holdings Limited ZAE000256319 105,478,007 102,400,000
VKE Vukile Property Fund ZAE000180865 1,244,630,392 1,369,093,431
* Top 40 Constituent
FTSE/JSE All Share (J203; J303)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
ISO ASP ISOTOPES INC. US00218A1051 110,574,009 20.7615% 92
Equities for exclusion from index
NO CONSTITUENT DELETIONS
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FTSE/JSE Top 40 (J200; J2EQ; J300)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
TBS Tiger Brands Ltd ZAE000071080 86.0300% 40
MTM Momentum Group Limited ZAE000269890 91.7000% 41
EXX Exxaro Resources Ltd ZAE000084992 68.9785% 42
RDF Redefine Properties Ltd ZAE000190252 95.4047% 43
APN Aspen Pharmacare Hldgs Ltd ZAE000066692 86.6499% 44
FTSE/JSE Mid Cap (J201)
NO CONSTITUENT ADDITIONS OR DELETIONS
FTSE/JSE Small Cap (J202)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
ISO ASP ISOTOPES INC. US00218A1051 110,574,009 20.7615% 92
Equities for exclusion from index
NO CONSTITUENT DELETIONS
FTSE/JSE Fledgling (J204)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
CCC Cilo Cybin Holdings Ltd ZAE000310397 230,475,136 10.0000% 197
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Equities for exclusion from index
NO CONSTITUENT DELETIONS
FTSE/JSE Large Cap (J205)
NO CONSTITUENT ADDITIONS OR DELETIONS
FTSE/JSE Large & Mid Cap (J206)
NO CONSTITUENT ADDITIONS OR DELETION
FTSE/JSE Shariah Top 40 (J140; J141)
NO CONSTITUENT ADDITIONS OR DELETIONS
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
BLU Blu Label Unlimited ZAE000109088 53.2696% 103
FTSE/JSE Resource 10 (J210; J310; J3EQ)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
GLN Glencore plc JE00B4T3BW64 13,300,000,000 7.4266% 9
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Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
BHG BHP Group Limited AU000000BHP4 3.0172% 11
Index Reserve List
Ticker Constituent ISIN Free Float Rank
BHG BHP Group Limited AU000000BHP4 2.8271% 11
EXX Exxaro Resources Ltd ZAE000084992 68.9785% 12
PAN Pan African Resource plc GB0004300496 70.4528% 13
FTSE/JSE Industrial 25 (J211; J311; J5EQ)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
MTH Motus Holdings Ltd ZAE000261913 86.1914% 24
DTC Datatec Ltd ZAE000017745 83.0900% 26
PIK Pick n Pay Stores Ltd ZAE000005443 71.0043% 28
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
FFB Fortress Real Est Inv B ZAE000248506 99.2776% 17
VKE Vukile Property Fund Ltd ZAE000180865 97.5511% 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% 29
MTM Momentum Group Limited ZAE000269890 91.7000% 30
RDF Redefine Properties Ltd ZAE000190252 95.4047% 31
FTSE/JSE Alternative Exchange Index (J232)
NO CONSTITUENT ADDITIONS OR DELETIONS
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FTSE/JSE ALTX 15 (J233)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
No eligible companies remaining on reserve list
FTSE/JSE Preference Share Index (J251)
NO CONSTITUENT ADDITIONS OR 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% 21
FTSE/JSE Dividend+ (J259)
INDEX NOT REVIEWED THIS QUARTER
FTSE/JSE Value Index (J330)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
ISO ASP ISOTOPES INC. US00218A1051 110,574009 20.7615% 92
Equities for exclusion from index
NO CONSTITUENT DELETIONS
Page 6 of 9
FTSE/JSE Growth Index (J331)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
ISO ASP ISOTOPES INC. US00218A1051 110,574009 20.7615% 92
Equities for exclusion from index
NO CONSTITUENT DELETIONS
FTSE/JSE Shareholder Weighted Top 40 (J400; J430)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
TBS Tiger Brands Ltd ZAE000071080 86.0300% 40
MTM Momentum Group Limited ZAE000269890 91.7000% 41
EXX Exxaro Resources Ltd ZAE000084992 68.9785% 42
RDF Redefine Properties Ltd ZAE000190252 95.4047% 43
APN Aspen Pharmacare Hldgs Ltd ZAE000066692 86.6499% 44
FTSE/JSE Shareholder Weighted All Share (J403; J433)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
ISO ASP ISOTOPES INC. US00218A1051 110,574,009 20.7615% 92
Equities for exclusion from index
NO CONSTITUENT DELETIONS
FTSE/JSE Tradable Property (J800)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
RES Resilient REIT Limited ZAE000209557 365,204,738 79.6100% 10
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
Supermarket Income
SRI GB00BF345X11 10.5943% 12
REIT
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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)
Equities for inclusion to index
Ticker Constituent ISIN SII Free Float Rank
GLN Glencore plc JE00B4T3BW64 13,300,000,000 7.4266% 9
Equities for exclusion from index
Ticker Constituent ISIN Free Float Rank
BHG BHP Group Limited AU000000BHP4 3.0172% 11
Index Reserve List
Ticker Constituent ISIN Free Float Rank
BHG BHP Group Limited AU000000BHP4 2.8271% 11
EXX Exxaro Resources Ltd ZAE000084992 68.9785% 12
PAN Pan African Resource plc GB0004300496 70.4528% 13
FTSE/JSE SWIX Industrial 25 (JSZ1)
NO CONSTITUENT ADDITIONS OR DELETIONS
Index Reserve List
Ticker Constituent ISIN Free Float Rank
MTH Motus Holdings Ltd ZAE000261913 86.1914% 24
DTC Datatec Ltd ZAE000017745 83.0900% 26
PIK Pick n Pay Stores Ltd ZAE000005443 71.0043% 28
FTSE/JSE SWIX Financial 15 (JSZ2)
NO CONSTITUENT ADDITIONS OR DELETIONS
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Index Reserve List
Ticker Constituent ISIN Free Float Rank
MTM Momentum Group Limited ZAE000269890 91.7000% 15
FFB Fortress Real Est Inv B ZAE000248506 99.2776% 17
VKE Vukile Property Fund Ltd ZAE000180865 97.5511% 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% 29
MTM Momentum Group Limited ZAE000269890 91.7000% 30
RDF Redefine Properties Ltd ZAE000190252 95.4047% 31
For further information please contact FTSE Russell Client Services at info@ftserussell.com or indices@jse.co.za or call:
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Page 9 of 9
Date: 03-12-2025 05:30:00
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