South Africa’s main stock index continues to shake off the impact of the worse-than-expected quarterly contraction revealed on Tuesday, rising for a third day, up 0.5% by 9:57 a.m. in Johannesburg, as iron ore and gold producers rally, and as index heavyweight Naspers Ltd. and Richemont SA advance.
South Africa joins markets in Europe in heading higher, with 94 of the 150 listed companies in the green in early morning trade. The gains come as investors took in stride concerns that a Covid-19 vaccine might be delayed.
