South African Stocks witness four weeks winning streak

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South African stocks advanced for a fourth consecutive session, the longest winning streak since June 2.

It joins gains in global peers amid earnings optimism that helped Wall Street edge toward an all-time high despite mixed economic data.

Telkom SA SOC Ltd. dragged on the market on news its chief executive officer will step down.

The FTSE/JSE Africa All Share Index was up 0.7% by 9:35 a.m. in Johannesburg, trading at its highest level in more than a week, as a broad rally led by miners and banks countered losses in index giant Naspers Ltd. as well as telecommunications providers.

 

Bloomberg/Hauwa Abu

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