Sunday, January 2, 2011

South African stocks, rand jump in 2010

South Africa's rand ended 2010 near three-year highs and stocks booked gains for a second consecutive year, after 12 months in which investors favoured high-risk assets over underperforming developed markets. On Friday, Johannesburg's Top-40 index of blue chips ended 0.4 percent lower at 28,639.40 points, but up 14.6 percent for the year and a massive 260 percent for the decade.

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