Johannesburg - Shares of Woolworths rise after the retailer reports a lower-than-expected 10 percent increase in full-year profit, as demand for luxury goods in Africa's second largest economy continues despite tepid growth and high levels of unemployment.

Shares are up 2.3 percent to 79.30 rand, making it the biggest advancer on the Top-40 index which is 0.4 percent lower. - Reuters