South African Stocks Head for Record as Trump Tariffs Stoke Gold
- Becnhmark index gains for fifth day as gold miners surge
- Traders focus on economic outlook rather than Trump aid threat
South Africa’s benchmark stock index headed for a record as investors overlooked a US aid freeze amid a rise in gold prices stoked by President Donald Trump’s latest tariff pledge.
The FTSE JSE Africa All Share Index rose as much as 0.5% on Monday, on track for a fifth straight day of gains and surpassing its December closing peak as investors focused on the country’s economic outlook rather than worsening relations with the US. The gauge is up about 7% in dollar terms this year, compared with the 3% advance of the MSCI Emerging Market Index.