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South Africa’s main stock index rose for a fifth day and headed for a third consecutive record close, as mining stocks benefited from hopes for U.S. economic stimulus.

Local market giant Naspers Ltd. added impetus to the rally, rebounding from Thursday’s losses as global technology shares rose.

South African stocks hit new record

South Africa’s main stock index rose for a fifth day and headed for a third consecutive record close, as mining stocks benefited from hopes for U.S. economic stimulus. Local market giant Naspers Ltd. added impetus to the rally, rebounding from Thursday’s losses as global technology shares rose.
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