JSE advances in volatile trade, Sanlam shines

Johannesburg - Stocks on the Johannesburg Stock Exchange rose slightly on Friday in volatile trade after better-than-expected US jobs data, with insurer Sanlam advancing 3.5% after saying it plans to expand with acquisitions worth over R2bn.

Shares in South Africa's biggest insurer by value ended at R75.56, a day after its Chief Executive Officer Johan van Zyl told the Reuters Africa Investment Summit that Sanlam would expand in Africa and other emerging markets.

READ: Sanlam readying for R2bn Africa acquisitions