Artive Commerce Indexes
ACI 50
The 50 largest commerce shares on our list, weighted by market value with caps so no giant dominates. The flagship: listed South African commerce in one line.
R787.09Today -0.44%
- 1 month
- -2.3%
- Year to date
- -8.1%
- 1 year
- -6.2%
- Members
- 50
- Largest weight
- ANH 11.2%
ACI 50 vs Top 40How it compares.
ACI 50 vs SA40: every period, risk and relative strength
ACI 50 -6.2% · Top 40 -2.9% · -3.3 pts
ComponentsWhat’s in it.
Every member, its weight today and its move over the period you picked. Weights are reset each quarter and drift with prices in between.
| Share | Weight | Price | Period move |
|---|---|---|---|
 AB InBev ANHOn the shelf | 11.24% | R1,260.40 | +23.0% |
 Richemont CFRFashion | 9.19% | R3,453.03 | +3.3% |
 British American Tobacco BTIOn the shelf | 8.73% | R895.99 | +0.8% |
 Prosus PRXPlatforms | 6.24% | R658.82 | -46.5% |
 MTN MTNPayments | 4.50% | R182.93 | +23.2% |
 Vodacom VODPayments | 4.50% | R153.11 | +14.7% |
 Shoprite SHPGrocers | 4.50% | R321.00 | +15.0% |
 Bidcorp BIDMoving goods | 4.50% | R438.32 | +3.2% |
 NEPI Rockcastle NRPWhere we shop | 4.50% | R140.67 | +1.6% |
 Pepkor PPHFashion | 3.36% | R17.86 | -28.3% |
 Clicks CLSHealth & beauty | 2.47% | R209.38 | -40.2% |
 Naspers NPNPlatforms | 2.40% | R708.91 | -44.3% |
 Capitec CPIPayments | 2.19% | R4,182.69 | +16.5% |
 Mr Price MRPFashion | 2.19% | R166.82 | -20.9% |
 Boxer BOXGrocers | 1.87% | R80.32 | +13.8% |
 Tiger Brands TBSOn the shelf | 1.87% | R251.26 | -20.7% |
 Vukile VKEWhere we shop | 1.85% | R24.30 | +10.7% |
 Woolworths WHLFashion | 1.64% | R36.72 | -29.7% |
 Fortress FFBWhere we shop | 1.62% | R24.80 | +7.6% |
 Karooooo KROMoving goods | 1.61% | R1,025.00 | +4.4% |
 AVI AVIOn the shelf | 1.43% | R84.00 | -13.9% |
| Premier PMROn the shelf | 1.38% | R165.00 | +10.0% |
 Resilient REIT RESWhere we shop | 1.31% | R77.20 | +15.2% |
 Telkom TKGPayments | 1.27% | R50.39 | -6.7% |
 Hyprop HYPWhere we shop | 1.26% | R59.10 | +22.9% |
 Dis-Chem DCPHealth & beauty | 1.16% | R26.49 | -17.6% |
 Motus MTHOn the road | 0.88% | R106.23 | +0.0% |
 Lighthouse Properties LTEWhere we shop | 0.88% | R8.21 | +5.4% |
 Truworths TRUFashion | 0.83% | R43.82 | -20.9% |
 TFG TFGFashion | 0.79% | R49.20 | -56.1% |
 Fairvest FTBWhere we shop | 0.73% | R6.81 | +16.0% |
 Pick n Pay PIKGrocers | 0.72% | R19.19 | -24.8% |
 Southern Sun SSUGoing out | 0.68% | R10.26 | +16.9% |
 Attacq ATTWhere we shop | 0.63% | R17.69 | +22.4% |
 Sun International SUIGoing out | 0.54% | R43.92 | +5.3% |
 Italtile ITEHome & build | 0.48% | R8.09 | -14.9% |
 SPAR SPPGrocers | 0.45% | R45.54 | -55.5% |
 Oceana OCEOn the shelf | 0.39% | R63.95 | +27.3% |
 Astral Foods ARLOn the shelf | 0.36% | R182.18 | -11.9% |
 Tsogo Sun TSGGoing out | 0.34% | R6.90 | +6.8% |
 Lesaka LSKPayments | 0.33% | R75.93 | -13.1% |
 Blu Label BLUPayments | 0.32% | R6.88 | -43.7% |
 Exemplar REITail EXPWhere we shop | 0.32% | R18.16 | +32.1% |
 RCL Foods RCLOn the shelf | 0.31% | R6.85 | -26.3% |
 Super Group SPGMoving goods | 0.29% | R16.86 | +21.7% |
 Famous Brands FBREating out | 0.26% | R51.50 | -1.0% |
 Lewis LEWHome & build | 0.22% | R84.00 | +12.0% |
 Spur SUREating out | 0.17% | R41.65 | +20.7% |
 Sea Harvest SHGOn the shelf | 0.14% | R8.59 | +1.2% |
 Combined Motor Holdings CMHOn the road | 0.14% | R38.85 | +17.7% |
By segment
- On the shelf25.9%
- Fashion18.0%
- Payments13.1%
- Where we shop13.1%
- Platforms8.6%
- Grocers7.5%
- Moving goods6.4%
- Health & beauty3.6%
- Going out1.6%
- On the road1.0%
- Home & build0.7%
- Eating out0.4%
What moves itThe numbers to watch.
- Retail sales+3.4%Jul · next 21 Oct 2026
- Consumer confidence-13Q3
- Interest rates (repo rate)7.25% · next 19 Nov 2026
Coming up for its members
Its members in the news
- 7 hours agoOwner of Snowflake, Blue Ribbon, and Rhodes in South Africa responds to serious allegations BusinessTech
- 8 hours agoFrom London to GrandWest: Dave delivers a stellar show in Cape Town News24
- 9 hours agoFrom skills to earning: Partnership opens new opportunities for young South Africans IOL
- 10 hours agoLocal hard seltzer brand Nawty Water hits Pick n Pay shelves Bizcommunity
- 12 hours agoWatchdog accuses Premier of hiding Tulbagh closure plans, wants RFG deal scrapped News24
- 13 hours agoShutdown of 72-year-old factory in South Africa could blow up R6.5 billion merger BusinessTech
MethodologyHow it’s built.
Who is in it
The 50 largest shares on our commerce list by market value.
- Weighted by market value: bigger companies count for more, but no single company can be more than 24% of an index.
- In indexes of 25 or more shares, if the companies above 4.5% together come to more than 48%, they are cut back to 40% so a handful of giants can’t run the index.
- ACI 50 holds the 50 largest shares on our list by market value; ACI 25 the mid caps, ranked 26 to 50. Both re-rank the whole list at every quarterly reset, so shares move in and out as they grow or shrink. The index changes page lists every move.
- Weights are reset every quarter, after the third Friday of March, June, September and December, and drift with prices in between. Price only; dividends are not added back.
- Past market values use today’s number of shares in issue.
- Quoted in rand: each index’s level today is the weighted average share price of its members at today’s weights, and its history follows the index’s moves back from there. The Top 40 line is scaled to start at the same level so the two compare.
- A share listed during the period joins from its first trading day. A one-day move of more than 35% is treated as a bad print in the source data and ignored.
- Built from delayed closing prices from Yahoo Finance. The 5Y view uses weekly closes.
Artive Capital doesn’t raise outside capital; it only trades and invests Artive’s own, and has no clients. This is a screen we use to decide where to look, not a recommendation to buy or sell anything. Prices are delayed and third-party data can be wrong; check with your broker before you act.
The other indexes
- ACI 25The shares ranked 26 to 50 on our commerce list by market value: the 25 that sit below the 25 largest.
- ACI ShopperGrocers, fashion, health and beauty, home and build, eating out and going out, without Choppies (run from Botswana) and Richemont (a Swiss luxury group).
- ACI NeedsGrocers, food and household brands and pharmacies, without Choppies, AB InBev and British American Tobacco.
- ACI WantsFashion, eating out, hotels and casinos, home and build and car dealers, without Richemont.
- ACI FintechSouth African banking, payments and investing businesses on our list.
- ACI Real EstateThe shopping-centre and logistics landlords on our list.
- ACI HospitalityThe hotel, casino and restaurant groups on our list: Sun International, Tsogo Sun, Southern Sun, City Lodge, Famous Brands and Spur.
- ACI Rate SensitiveCredit retailers, furniture, building, car dealers and shopping-centre landlords: the shares most exposed to interest rates.
- ACI DigitalPlatforms, payments, fleet software and telecoms networks.
- All indexes ↗
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