In this article, some of the JSE’s Top Index Share constituents that suggest investor value in 2025 are discussed.
A quick overview of the best JSE stocks to watch
- ✔️ANGLO AMERICAN PLC (AGL)
- ✔️ANGLOGOLD ASHANTI LTD. (ANG)
- ✔️ABSA BANK LTD. (ABSP)
- ANHEUSER-BUSCH INBEV SA/NV (ANH)
- BHP GROUP PLC (BHP)
- BRITISH AMERICAN TOBACCO PLC (BTI)
- CLICKS GROUP LTD. (CLS)
- CAPITEC BANK HOLDINGS LTD. (CPI)
- DISCOVERY LTD. (DSY)
- EXXARO RESOURCES LTD. (EXX)
- FIRSTRAND LTD. (FSR)
- GROWTHPOINT PROPERTIES LTD. (GRT)
- MTN GROUP LTD. (MTN)
- NASPERS LTD. (NPN)
- PROSUS N.V. (PRX)
ANGLO AMERICAN PLC (AGL)
Anglo American is a leading global mining company which owns and operates a world class portfolio of mining and processing operations as well as undeveloped resources.
Anglo American’s portfolio of mining operations are based on the principle of quality and longevity and investors will likely be keen to see AGL maintain a strong balance sheet throughout any business cycle.
The company’s registered address is in London, England, but it employs more than 95 000 people in 15 countries around the world.
Amongst its major shareholders count Volcan, the Public Investment Corporation Group, Public Investment Corporation (SOC) Ltd., Deutsche Bank AG, BlackRock, Inc., Silchester International Investors LLP, Genesis Asset Managers, LLP, Tarl Investment Holdings (RF) (Pty) Ltd., Epoch Two Investment Holdings (RF) (Pty) Ltd. and Coronation Asset Management (Pty) Ltd.
More information is available from http://www.angloamerican.com or corporateaffairs@angloamerican.co.uk
ANGLOGOLD ASHANTI LTD. (ANG)
AngloGold Ashanti Ltd. (AngloGold Ashanti) is an independent, global gold mining company based in Newtown, Johannesburg, that owns a varied, high-quality portfolio of operations, projects and exploration activities across ten countries on four continents. Gold is the company’s main product, but they also produce silver (Argentina) and sulphuric acid (Brazil) as by-products and pursue value-creating opportunities in other minerals wherever it is possible to leverage their standing assets, skills and experience to create more value.
More information can be obtained from the company website http://www.anglogoldashanti.com or from investors@anglogoldashanti.com.
AngloGold Ashanti’s major shareholders are BlackRock, Inc., the Public Investment Corporation of SA, Van Eck Global and Coronation Asset Management (Pty) Ltd.
ABSA BANK LTD. (ABSP)
Absa Bank Ltd. is incorporated and based in South Africa and provides retail, business, corporate, investment banking, and wealth management products and services. The company and its subsidiaries operate mainly in South Africa and employ more than 25 000 people. The registered address of the company is at Troye Street, Johannesburg, and it has preference shares listed on the JSE.
More information can be obtained from the company website http://www.absa.co.za or from email
absa@absa.co.za.
ANHEUSER-BUSCH INBEV SA/NV (ANH)
Anheuser-Busch InBev is a publicly traded company that is based in Leuven, Belgium, with secondary listings on the Mexican and South African stock exchanges and with American Depositary Receipts on the New York Stock Exchange.
Anheuser-Busch aims to bring people together for a better world, as the original social network had been bringing people together for thousands of years. Anheuser-Busch is committed to building great brands that stand the test of time and to brewing the best beers with the finest natural ingredients.
Anheuser-Busch’s diverse portfolio of well over 500 beer brands includes global brands Budweiser, Corona and Stella Artois; multi-country brands Beck’s, Castle®, Castle Lite, Hoegaarden and Leffe; and local champions such as Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin and Skol.
Its brewing heritage dates back more than 600 years, bridging generations and continents from European roots at the Den Hoorn brewery in Leuven to the spirit of the Anheuser & Co brewery in St. Louis, United States, the Castle Brewery in South Africa, and Bohemia, the first brewery in Brazil. Anheuser-Busch is geographically diversified with a balanced exposure to developed and developing markets, utilising the joint strengths of approximately 175 000 employees based in nearly 50 countries globally.
Major shareholders of Anheuser-Busch include Stichting Anheuser-Busch InBev, EPS Participations Sàrl, BRC Sàrl, Fonds Voorzitter Verhelst SPRL, Fonds Baillet Latour SPRL, MHT Benefit Holding Company Ltd., EPS SA, and Olia 2 AG.
More information can be obtained from the company website http://www.ab-inbev.com or from graham.staley@ab-inbev.com.
BHP GROUP PLC (BHP)
BHP is a world-leading resources company that extracts and processes minerals, oil and gas, with more than 80 000 employees and contractors, mainly in Australia and the Americas. Its products are sold worldwide, with sales and marketing through Singapore and Houston, United States and the global headquarters situated in Melbourne, Australia.
The fortune of a mining company like BHP remains at the mercy of commodity cycles and its ability to obtain higher operational efficiency. BHP has traditionally boasted strong management and easily remains the second larger miner in the world, in terms of revenues.
BHP Billiton Ltd. more than a thousand institutional owners and shareholders that hold more than 380,200,000 shares.
More information is available from http://www.bhp.com or from bhpbillitonholders@computershare.co.za
BRITISH AMERICAN TOBACCO PLC (BTI)
British American Tobacco PLC (SA), (BAT), based in London, United Kingdom, is one of the world’s leading consumer goods companies, with over 200 nicotine and tobacco brands that are sold in more than 200 markets around the world. BAT employs more than 55 000 people, partner with more than 90 000 farmers and have factories in 48 countries, with offices in more.
British American Tobacco South Africa forms part of British American Tobacco’s Eastern Europe, Middle East and Africa (EEMEA) region, and the Southern Africa Area sub-region.
The company, which represents the leading tobacco firm in South Africa, saw the sale of its products prohibited domestically due to lockdown legislature in 2025, but fortunately the bulk of the group’s earnings are derived from outside of the country’s borders.
Major shareholders include The Capital Group Companies, Inc, BlackRock, Inc., Spring Mountain Investments Ltd. and Allan Gray (Pty) Ltd.
More information can be obtained from http://www.batsa.co.za or press_office@bat.com
CLICKS GROUP LTD. (CLS)
The Clicks Group is a retail-led healthcare group that is listed under the Food and Drug Retailers sector on the JSE. The company has its headquarters in Cape Town and operates in southern Africa.
Among its subsidiaries is the South African leading health and beauty retailer and its leading pharmaceutical distributor and wholesaler, as well as other businesses.
These retail brands include names such as Clicks, GNC, The Body Shop, Claire’s, UPD and Musica, which represent more than 743 stores across southern Africa. Clicks is a pharmacy, health and beauty retailer with over 585 stores.
Major shareholders include the Public Investment Corporation (SA), BlackRock, JP Morgan Asset Management, Fidelity Management & Research (US), RBC Global Asset Management, GIC Asset Management, BMO Financial Group, The Vanguard Group and T Rowe Price.
More information can be obtained from the company website http://www.clicksgroup.co.za or email companysecretary@clicksgroup.co.za.
CAPITEC BANK HOLDINGS LTD. (CPI)
Capitec Bank Holdings Ltd. was incorporated in South Africa in November 1999 and registered as a bank controlling company under the Banks Act of 1990 in June 2001. Its headquarters are in Stellenbosch in the Western Cape.
Capitec was listed in the Banks sector of the JSE Ltd. in February 2002.
Capitec Bank is a South African retail bank that was, by August 2017, the second largest retail bank in South Africa based on number of customers. At the time 120 000 customers were opening new accounts per month.
Major shareholders include PSG Financial Services Ltd., the Public Investment Corporation SOC Ltd., Lebashe Investment Group (Pty) Ltd., Kalander Sekuriteit (Pty) Ltd., The Goldman Sachs Group, Inc., J F Mouton Familie Trust and Limietberg Sekuriteit (Pty) Ltd.
More information can be obtained from the company website http://www.capitecbank.co.za or by email from enquiries@capitecbank.co.za.
DISCOVERY LTD. (DSY)
Discovery is a South African-founded diversified financial services organisation founded in 1992
that operates in health insurance, life insurance, long-term savings and investments, short-term and commercial insurance, banking and behaviour-change programmes.
The company’s headquarters are in Sandton and subsidiaries include VitalityHealth and Discovery Bank.
Discovery claims to be guided by a clear purpose – to make people healthier and to enhance and protect their lives – and boasts that its core purpose has manifested in a globally relevant Shared-Value business model, with Vitality at the centre, which creates value for our businesses, clients and society.
Discovery further boasts that it impacts more than 25,7 million lives globally and 11,2 million lives on Vitality across all markets. Its Shared-Value business model is applied in 20 countries, utilising the expertise of more than 12 950 employees globally.
Major shareholders include Rand Merchant Investment Holdings Ltd., the Government Employees Pension Fund, Gore A, Comgest Global Investors, and S.A.S.
More information can be obtained from the company website http://www.discovery.co.za or via email from askthecfo@discovery.co.za.
EXXARO RESOURCES LTD. (EXX)
Exxaro is a large public company founded and incorporated in South Africa in 2000 and listed on the JSE.
Exxaro is a diversified resources group, with interests in the coal, ferrous, heavy minerals mining and energy markets.
The company operates facilities and offices in Africa, Asia, Europe and Australia and employs more than 6 600 people.
Subsidiaries include Exxaro Coal Central Proprietary Limited and more.
Among its major shareholders count Eyesizwe RF (Pty) Ltd., the Public Investment Corporation Ltd (SOC) and Prudential Investment Managers.
More information can be obtained from the company website http://www.exxaro.com or via email from investorrelations@exxaro.com.
FIRSTRAND LTD. (FSR)
FirstRand Ltd. is a public company and registered bank controlling company with headquarters in Sandton. It has a primary listing under Financial – Banks on the Johannesburg Stock Exchange Ltd. and a secondary listing on the Namibian Stock Exchange (NSX). FirstRand Ltd. is the holding company of the FirstRand group of companies and has as major shareholders the Public Investment Corporation, BEE Partners, Royal Bafokeng Holdings and Remgro.
More information can be obtained from the company website http://www.firstrand.co.za or via email from investor.relations@firstrand.co.za.
GROWTHPOINT PROPERTIES LTD. (GRT)
Growthpoint is a Real Estate Investment Trust (REIT) company operating from Sandton with a total property portfolio of more than R166.7 billion. It is the largest South African listed property company which owns a property portfolio of 506 directly owned properties in South Africa. Growthpoint also has an interest in 58 properties in Australia through a 62.2% investment in Growthpoint Properties Australia (GOZ), 62 properties in Central and Eastern Europe through a 29.4% investment in Globalworth (GWI) and seven community shopping centres in the UK through a 52.1% investment in Capital & Regional (C&R).
Growthpoint has operated as a Real Estate Investment Trust (REIT) since July 2013 and as investment in listed property continued to globalise, the REIT structure has become a recognised international standard.
Growthpoint Properties is dedicated to delivering workspaces that positively impact the environment, as well as the physical and mental well-being of the people who occupy those spaces. The company’s property offerings are advanced and designed for sustainably providing space for people and their businesses to thrive.
Major shareholders are the Public Investment Corporation (PIC) obo GEPF, Ninety One SA (Pty) Ltd., Sanlam, Old Mutual Group, Vanguard, MMI, Ishares Funds, Prudential, Stanlib, Eskom Pension and Provident Fund, Alexander Forbes Investments, Dimensional, Coronation, Satrix, Sentinel Retirement Fund, Unemployment Insurance Fund, The People’s Bank of China, and GIC Private Ltd.
More information can be obtained from the company website http://www.growthpoint.co.za or via email from info@growthpoint.co.za.
MTN GROUP LTD. (MTN)
MTN Group Ltd. is an emerging markets mobile operator with the vision to lead the delivery of a bold, new digital world to its clients. MTN Group has its registered address in Fairland, Roodepoort.
At the start of 2025 it had more than 252 million customers across Africa and the Middle East. The Group provides voice, data and digital services to retail customers in 21 countries in which it has telecoms licences for operations.
Major shareholders include the Government Employees Pension Fund, M1 Ltd., Prudential Investment Managers, and MTN Zakhele Futhi (RF) Ltd.
More information can be obtained from the company website http://www.mtn.com or via email from investor.relations@mtn.com.
NASPERS LTD. (NPN)
Naspers was Founded in 1915 and is a global internet group and one of the largest technology investors in the world. Its headquarters are at Heerengracht, Cape Town.
Naspers is operating in more than 80 countries and markets with long-term growth potential and aims to build leading companies that empower people and enrich communities. It invests and operates in some of the world’s leading internet platforms and has large investments in associates such as Tencent (SEHK 00700), Mail.ru (LSE: MAIL), MakeMyTrip Ltd. (NASDAQ: MMYT), and Delivery Hero (FRA: DHER.GR). Naspers also has an ADR listing on the London Stock Exchange (LSE: NPSN).
A major shareholder is the Public Investment Corporation Group.
More information can be obtained from the company website http://www.naspers.com or via email from InvestorRelations@naspers.com.
PROSUS N.V. (PRX)
Prosus is a global consumer internet group headquartered in Amsterdam and is one of the largest technology investors in the world. The Prosus group is operating and investing globally in markets with long-term growth potential, builds leading consumer internet companies that empower people and enrich communities.
The group says it is focused on building meaningful businesses in the online classifieds, payments and fintech, and food delivery sectors in markets that include India, Russia and Brazil.
Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology to address big societal needs through its ventures team investments, in areas including edtech and health.
Millions of people daily use the products and services of companies that Prosus has invested in, acquired or built, including Avito, Brainly, BYJU’S, Codecademy, eMAG, Honor, iFood, LazyPay, letgo, Meesho, Movile, OLX, PayU, Red Dot Payments, Remitly, SimilarWeb, SoloLearn, Swiggy, and Udemy.
Naspers is one of its major shareholders.
More information can be obtained from the company website https://www.prosus.com or via email from investorrelations@prosus.com.
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