“South Africa’s benchmark stock index rose to a record as commodity prices surged after U.S. lawmakers passed a bill that averted spending cuts and tax increases threatening the world’s biggest economy.
The FTSE/JSE Africa All-Share Index climbed as much as 1.6 percent to 39,873.15, and traded 1.5 percent stronger at 11:20 a.m. in Johannesburg. The measure advanced 23 percent last year. Anglo American Plc (AAL), a diversified miner that makes up about 9 percent of the gauge, surged 5 percent to a two-month high. BHP Billiton Ltd. (BHP) advanced 3.5 percent…”
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