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South Africa Stocks at Record in Best Start to Year Since 1999

SAFRICA-ECONOMY-FINANCE-STOCK EXCHANGE
Photographer: GIANLUIGI GUERCIA/AFP
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South Africa’s main stock index rose for a fifth day and headed for a third consecutive record close, with banks rallying as optimism over a global economic rebound fueled appetite for riskier assets. Local market giant Naspers Ltd. added impetus to the advance, rebounding from Thursday’s losses as global technology shares rose.