Copyright Bloomberg
South African equities are on track for their longest monthly winning streak since early 2013, buoyed by optimism around the domestic economy, expectations of global monetary easing, and renewed appetite for emerging-market assets. The benchmark FTSE/JSE Africa All Share Index is up 1.5% in October, on course to rise for an eighth month. Banking, technology and telecommunications shares have led the advance, catching up with surging precious-metals stocks, amid undemanding valuations and improving sentiment toward the country.
