SA stocks at new lifetime highs

Comment on this story
IOL bus oct30 world stocks Reuters File photo

Johannesburg - South African shares hit fresh record highs as the rand softened to near a two-week low on Friday following worse-than-expected trade figures.

The Top-40 index added 0.3 percent to 33 766.91 and the All-Share rose 0.2 percent to 37 994.

A weak rand is positive for resource companies, which earn in dollars but pay local obligations in the rand. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.