Johannesburg Stock Exchange (JSE) closed higher on Monday, taking a cue from European markets

The JSE was at the highest level this year, with the all share index up 0.68 percent at 54,474.09 points at the close of session with the blue-chip top 40, up 0.79 percent.

At the close of trading session, the rand was trading at R15.83 to the U.S. dollar, R23.12 to the British pound and R17.64 to the euro.

South Africa's rand was under pressure on Monday as investor waiting for the results of the rating agency Standard & Poor's on Friday.

Among individual shares, Bidvest was off 67.99 percent to R118. 5 after it unbundled its food businesses in a new entity. Anglo American was up 2.61 percent to R144.36 and BHP Billiton gained 2. 82 percent to R196.90.

Source:
courtesy of XINHUA NEWS AGENCY

by Xinhua News Agency

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