South African stocks jumped more than 4% on Monday, tracking global equities higher after governments and central banks around the world took steps to revive credit markets.
The Johannesburg top-40 index of blue-chip stocks climbed 4,47% to 19 474,27 points while the all-share index rose 4,16% to 21 451,69 points, although gold mining stocks fell in line with the precious metal price.
Stock markets in the United States and Europe strode sharply higher on Monday after policymakers stepped up efforts to pump cash into banks, providing some relief for rattled investors. — Reuters