What R10,000 Invested in 2000 Is Worth Today: JSE, S&P 500, Gold and Cash in Rand

R10,000 invested at the end of 1999, valued on 30 September 2026
Investment	Value in rand	Multiple	Annual return in rand	Value after inflation (1999 rand)	Real annual return
JSE All Share (price index)	R127,013	12.7x	10.0%	R30,970	4.3%
S&P 500 in rand (price index)	R138,874	13.9x	10.3%	R33,862	4.7%
Gold in rand	R387,239	38.7x	14.6%	R94,422	8.8%
US dollars held in cash	R26,667	2.7x	3.7%	R6,502	-1.6%
Rand held in cash, no interest	R10,000	1.0x	0.0%	R2,438	-5.1%

Start and end values used
Measure	End of 1999	30 September 2026	Source
JSE All Share index	8,543 (29 December 1999)	108,506.88	JSE; Q3 2026 market review
S&P 500 index	1,469.25 (31 December 1999)	7,651.54	S&P Dow Jones Indices; CNBC
Gold, US dollars an ounce	$290.25	$4,214.85 (spot, 03:40 New York time)	Year-end London price; Natural Resource Stocks
Rand per US dollar	R6.15	R16.40	South African Reserve Bank; market data
South African prices	Index 1.00	About 4.10	Statistics South Africa, compounded annual averages