South African markets closed in the green on Friday, boosted by gains in financial and retail sector stocks. Insurance companies, Old Mutual, Discovery and Sanlam jumped 7.5%, 5.8% and 3.8%, respectively.
Retailers, Mr Price, Pick ‘n Pay Stores, Foschini Group and Shoprite Holdings advanced 6.4%, 6.1%, 4.9% and 4.5%, respectively. Lenders, Standard Bank Group, Nedbank Group and FirstRand gained 5.6%, 4.3% and 2.9%, respectively.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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