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Johannesburg - South African stocks soared by more than 3% on Friday led by mining companies and tracking global markets after China, a major commodity consumer, cut interest rates to spur growth.
Johannesburg's main listed indices jumped the most in almost three years after China surprised markets with its first interest rate cut in two years.
Iron ore producer Assore rose 10.8%, despite a struggling price for its commodity, while larger rival Kumba Iron Ore rose 8%.
"The resource sector is rallying quite a bit on the news. The industry is very dependent on demand out of the east, especially out of China," said Bernhard Grobler, head of stockbroking at Investec.
The benchmark Top-40 index rose by 3.51% to 45 210 with all listed shares ending in the blue. The broader All-share index climbed 3.15% to 50.821.
The index of mining companies rose 5.7% while the platinum index shot up 6.9%.
World no.2 producer, Impala Platinum rose 9% and larger rival Anglo American Platinum rose 6.25%.
Drugmaker Adcock Ingram rose 7% to R53 after it said it reported a 50 million rand ($4.57m) after-tax profit in the three months to September.
Trade was very active, with 252 million shares changing hands, according to preliminary bourse data, outpacing last year's daily average of 176 million shares.
