The mining stocks that made the JSE rich are now sinking it

The mining stocks that made the JSE rich are now sinking it

South Africa's mining stocks, once the engine behind a record rally, have flipped into the JSE's biggest drag, pushing the All Share Index to a 3.6% quarterly decline — its worst in nearly three years. Precious-metal prices have slumped since the Iran war as a hawkish Fed strengthened the dollar, hammering heavyweights like Gold Fields and AngloGold Ashanti. Despite this, valuations look increasingly attractive relative to emerging-market peers,…