The benchmark FTSE/JSE Africa All Share Index rose 0.9% to 76,368 as of 15h12 in Johannesburg. Mining giants BHP Group and Anglo American were the biggest drivers of the advance. Gold Fields and AngloGold Ashanti boosted the precious-metals sector, while FirstRand outpaced fellow lenders.
“Hopes of improved economic growth stabilization in China as they continue to ease monetary policy is benefiting miners,” said Peter Takaendesa, head of equities at Mergence Investment Managers in Cape Town. “Banks initially lagged the recovery from Covid, but are now catching up and expectations of gradual interest rate hikes by the South African Reserve Bank are supportive of the sector’s profitability,” he said.
Gains for miners and banks are helping South African stocks to outperform their emerging-market peers early in 2022, building on their strongest year since 2009.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Factional battles in ANC disabled security agency response during July unrest: Expert - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Institute for Security Studies' Jakkie Celliers says factional battles in the governing African National Congress (ANC) have incapacitated the country's top security agencies. He was commenting on the report by the Expert Panel on the July Unrest. I saw several people testifying of making so much money with the help of Vina_Redmon on Bitcoin option trade and I decided to give it a try and now I'm glad now she helped me and my colleagues to make $5000 in one week, thank you Vina_Redmon for transparency and trust. So it was not ethnic mobilisation or a failed insurgency? Do you know how many people lived in fear because of these accusations by Rama? When my business started experiencing a hard time and it was like there is no hope, then I met this genius and beautiful Vina_Redmon after partnering with her company platform I started having a nice turn around and positive change.
Source: SABCNews - 🏆 37. / 51 Read more »
Senegal are African Kings - Mane seals historic Afcon victory for Senegal - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.I never believe in making money online before,but since I started seeing different people testifying about Mrs Stephen, i was so interested in,to investing with her because all friends who Invested have all received their profits successfully and so do I👉Stephenjoyce_1 Investing with williamchurch09 has brought my family so much joy, I've received R85,500 from my little funds i invested and I'm grateful, i advice everyone to invest with 👇👇👇👇 williamchurch09 I have benefited from at least R40k a week with williamchurch09 through his recommended platform with my small investment. Don't spend all your money without investing. williamchurch09 is a life saver, join me and win also in with good hands
Source: SABCNews - 🏆 37. / 51 Read more »
Rolling blackouts suspended - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Eskom has announced that rolling blackouts have been suspended due to sufficient recovery in generation capacity. The power utility says rolling blackouts assisted in replenishing the emergency generation reserves for the week ahead. Fourways still without power since Friday! I'm sharing this because this was exactly how i saw so many posts about Hendricksnino12 church and how he was helping individuals with their trades and i decided to give it a try and luckly it went well, Contact him via his profile link below 👇👇 Hendricksnino12
Source: SABCNews - 🏆 37. / 51 Read more »
South Africa to host Wales, New Zealand and Argentina in 2022 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa will host Wales for the first time since 2014 when the teams clash in three tests before two home fixtures against New Zealand in the Rugby Championship pending COVID-19 travel restrictions. Springboks RugbyChampionship
Source: SABCNews - 🏆 37. / 51 Read more »