Johannesburg Stock Exchange News & Forecasts (21 December 2025): JSE All Share Near Record Highs as Rate-Cut Bets Build for 2026
Johannesburg — Sunday, 21 December 2025. The Johannesburg Stock Exchange (JSE) is closing out 2025 with a familiar year-end mix of momentum, macro optimism, and holiday-thinned liquidity — a cocktail that can produce either a smooth “Santa rally” or sudden, exaggerated swings. On the numbers, South African equities have been remarkably resilient, with the flagship indices sitting just shy of fresh highs, helped by a stronger rand, cooling inflation, and rising expectations that the South African Reserve Bank (SARB) has room to keep easing policy into 2026. IOL+3Financial Times Markets+3Financial Times Markets+3 What follows is a comprehensive roundup of the