The JSE. Photo: Simphiwe Mbokazi.

South Africa's stock market hit a lifetime high on Tuesday amid hopes of a coordinated response by the world's major central banks to Europe's worsening debt crisis.

The All-Share index touched a new record of 34,653.88 points, up 0.62 percent on the day, before retreating slightly to 34,609.36 by 16:37 SA time. - Reuters