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South Africa Stocks Climb to Highest Level Since 2008 on Copper

South Africa’s benchmark equity index rose to the highest level since June 2008 as record copper prices spurred a fifth day of gains, led by mining companies.

The FTSE/JSE Africa All Share Index advanced 281.96, or 0.9 percent, to 31,937.89 as of 1:32 p.m. in Johannesburg. Copper reached $9,014 a metric ton, a 2.8 percent gain from yesterday, before trading at $8,994.75 a metric ton.

BHP Billiton Plc, the world’s largest mining company, surged 3.4 percent.

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