SA stocks at new lifetime highs

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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

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