FTSE/JSE Top 40 Index
The FTSE/JSE Top 40 Index is a South African stock market index. The index consists of the 40 largest stocks in the FTSE/JSE All-Share Index of the JSE Limited by market capitalization.
The FTSE/JSE All-Share Index is South Africa's most important index, comprising all companies listed on the JSE. They cover 99 percent of the exchange's market capitalization and trading volume.
The Top 40 Index was published on 24 June 2002, with a base value of 10,300.31 points.
Components
The index components, in alphabetical order, as at 18 June 2025:| Name | Sector | Logo |
| Absa Group | Finance | |
| Anglo American | Mining | |
| Anglogold Ashanti | Mining | |
| AB InBev | Beverages | |
| Aspen Pharmacare | Pharmaceuticals | |
| BHP | Mining | |
| Bidcorp | Food | |
| Bidvest Group | Holding | |
| BAT | Tobacco | |
| Capitec | Banking | |
| Clicks | Pharmaceutivals | |
| Discovery | Finance | |
| Exxaro | Mining | |
| FirstRand | Bank | |
| Glencore | Mining | |
| Gold Fields | Mining | |
| Growthpoint Properties | Real estate | |
| Implats | Mining | |
| Investec Ltd | Banking | |
| Investec PLC | Banking | |
| Mondi | Paper | |
| Mr Price Group | Retail | |
| MTN Group | Telecommunications | |
| MultiChoice | Media | |
| Naspers | Media | |
| Nedbank | Banking | |
| NEPI Rockcastle | Real estate | |
| Northam Platinum | Mining | |
| Old Mutual | Insurance | |
| Prosus | Investments | |
| Reinet Investments | Investments | |
| Remgro | Investments | |
| RMH | Finance | |
| Sanlam | Insurance | |
| Sasol | Chemicals | |
| Shoprite | Retail | |
| Standard Bank | Banking | |
| Valterra Platinum | Mining | |
| Vodacom | Telecommunications | |
| Woolworths Holdings | Retail |
Annual returns
The following table shows the annual development of the FTSE/JSE Top 40 Index since 1996.| Year | Closing level | Change in index | Change in index |
| 1996 | 5,800.07 | 361.34 | 6.64 |
| 1997 | 5,072.13 | −727.94 | −12.55 |
| 1998 | 4,562.63 | −509.50 | −10.05 |
| 1999 | 7,981.01 | 3,418.38 | 74.92 |
| 2000 | 8,038.84 | 57.83 | 0.72 |
| 2001 | 10,074.38 | 2,035.54 | 25.32 |
| 2002 | 8,682.03 | −1392.35 | −13.82 |
| 2003 | 9,495.76 | 813.73 | 9.37 |
| 2004 | 11,405.72 | 1,909.96 | 20.11 |
| 2005 | 16,438.05 | 5,032.33 | 44.12 |
| 2006 | 22,607.16 | 6,169.11 | 37.53 |
| 2007 | 26,250.29 | 3,643.13 | 16.11 |
| 2008 | 19,444.40 | −6,805.89 | −25.93 |
| 2009 | 24,996.97 | 5,552.57 | 28.56 |
| 2010 | 28,639.40 | 3,642.43 | 14.57 |
| 2011 | 28,469.81 | −169.59 | −0.59 |
| 2012 | 34,795.50 | 6,325.69 | 22.22 |
| 2013 | 41,482.39 | 6,686.89 | 19.22 |
| 2014 | 43,969.96 | 2,487.57 | 6.00 |
| 2015 | 45,797.30 | 1,827.34 | 4.16 |
| 2016 | 43,901.99 | −1,895.31 | −4.14 |
| 2017 | 52,533.04 | 8,631.05 | 19.66 |
| 2018 | 46,726.59 | −5,806.45 | −12.83 |
| 2019 | 50,816.05 | 4,089.46 | 8.75 |
| 2020 | 54,379.58 | 3,563.53 | 7.01 |
| 2021 | 67,052.40 | 12,672.82 | 23.30 |
| 2022 | 66,955.50 | −96.90 | −0.14 |
| 2023 | 70,494.80 | 3,593.30 | 5.29 |
| 2024 | 75,381.31 | 4,886.51 | 6.93 |
| 2025 | 107,977.90 | 32,596.59 | 43.24 |