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South Africa's rand weakened on Friday, as a rally in riskier assets driven by hopes of U.S. economic stimulus faded, while stocks also fell.

South African stocks have made their best start to the year since 2012, even after last-week’s pull-back, and JPMorgan Chase & Co. and Bank of America are among those predicting further gains.

JPMorgan, BofA See Scope for Longer S. Africa Stock Rally Bloomberg 2/1/2021 Adelaide Changole (Bloomberg) -- South African stocks have made their best start to the year since 2012, even after last-week’s pullback, and JPMorgan Chase & Co. and Bank of America are among those predicting further gains. A global appetite for riskier assets has propelled emerging market inflows and the Johannesburg exchange is set to benefit from its heavy weighting in mining stocks as China’s economy emerges from the pandemic. Add to this a global tech rally driving gains in index giant Nas...

South Africa Stocks Rally to Record as Tencent Surge Boosts Naspers By January 25, 2021 (Bloomberg) -- South Africa’s main stocks index jumped 2.1% as of 10:07 a.m. in Johannesburg, setting a fresh intraday record, as Naspers Ltd. was lifted by a surge in partly owned Chinese online giant Tencent Holdings Ltd. Retailer Woolworths Holdings Ltd. was also among the leading gainers, soaring the most since 1998 after an upbeat trading statement. Asian stocks and U.S. and European equity futures rose Monday as investors focused on the prospect of additional fiscal stimulus and supportive Fe...

By Reuters Staff (Updates rand, bonds; adds stocks) JOHANNESBURG, Jan 22 (Reuters) - South Africa’s rand weakened on Friday, as a rally in riskier assets driven by hopes of U.S. economic stimulus faded, while stocks also fell. At 1440 GMT, the rand traded at 15.0600 versus the dollar, 0.77% weaker than its previous close. The decline was in line with other emerging market currencies including the Russian rouble and Turkish lira. The rand has mainly moved on global factors recently, shrugging off a run of poor domestic data that points to lingering weakness in Africa’s most industrialised ...