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JSE touches new lifetime high

Nov 30 2012 14:54 Reuters


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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 - (Tradeable) [JSE:J200] index added 0.3% to 33,766.91 and the All Share [JSE:J203] rose 0.2% to 37,994.

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

 

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