The MVIS® South Africa Index (MVZAF) tracks the performance of the largest and most liquid companies in South Africa. The index is a modified market cap-weighted index, and it also includes non-local companies incorporated outside South Africa that generate at least 50% of their revenue in South Africa. MVZAF covers at least 90% of the investable universe.
Learn how to license this index| Component | Country | Non-local | Allocation | Weight |
|---|---|---|---|---|
| NASPERS LTD-N SHS | ZA | - | - | 9.66% |
| STANDARD BANK GROUP LTD | ZA | - | - | 6.29% |
| MTN GROUP LTD | ZA | - | - | 5.62% |
| FIRSTRAND LTD | ZA | - | - | 5.45% |
| CAPITEC BANK HOLDINGS LTD ORD | ZA | - | - | 5.04% |
| SASOL LTD | ZA | - | - | 4.91% |
| GOLD FIELDS LTD-SPONS ADR | ZA | - | - | 4.43% |
| IMPALA PLATINUM HOLDINGS LTD | ZA | - | - | 4.39% |
| ABSA GROUP LTD | ZA | - | - | 4.22% |
| ANGLOGOLD ASHANTI-SPON ADR | ZA | - | - | 4.17% |
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The white area of the table shows the number of companies incorporated in a certain country and the country's weight in the index.
Countries marked with (*) are the home of non-local companies. Non-local companies are companies, incorporated in these countries, that generate at least 50% of their revenues in the index target.
The number of non-local companies is declared in column «non-local». The count of components and weights in the grey area is achieved by reassigning the non-local companies to the country or region covered by the index.
| Country | Components | Weight | Non-Local | Components | Weight |
|---|---|---|---|---|---|
| South Africa | 45 | 97.20% | - | 45 | 97.20% |
| United Kingdom | 2 | 2.80% | - | 2 | 2.80% |
| Total | 47 | 100.00% | - | 47 | 100.00% |
The weighting of a certain sector in an index is based on the weightings of the index components allocated to this sector. The table below displays the number of index components by sectors.
The columns coloured in grey represent hypothetical values assuming that the index would not include non-local companies.
| Sector | Components | Weight | Components | Weight | Difference | Difference % |
|---|---|---|---|---|---|---|
| Consumer Staples | 7 | 9.29% | 7 | 9.29% | 0 | 0.00% |
| Communication Services | 3 | 8.06% | 3 | 8.06% | 0 | 0.00% |
| Financials | 13 | 33.68% | 13 | 33.68% | 0 | 0.00% |
| Health Care | 4 | 3.26% | 4 | 3.26% | 0 | 0.00% |
| Materials | 10 | 27.39% | 10 | 27.39% | 0 | 0.00% |
| Consumer Discretionary | 5 | 13.63% | 5 | 13.63% | 0 | 0.00% |
| Energy | 2 | 1.78% | 2 | 1.78% | 0 | 0.00% |
| Real Estate | 2 | 1.71% | 2 | 1.71% | 0 | 0.00% |
| Industrials | 1 | 1.20% | 1 | 1.20% | 0 | 0.00% |
| Total | 47 | 100.00% | 47 | 100.00% |
| Size | Market Cap | Components | Weight |
|---|---|---|---|
| Large-Cap | 235,321,736,100 USD | 18 | 73.16% |
| Mid-Cap | 78,472,528,300 USD | 24 | 24.60% |
| Small-Cap | 6,509,176,500 USD | 5 | 2.24% |
| Micro-Cap | - | - | - |
| Total | 320,303,440,900 USD | 47 | 100.00% |
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