The six-member index climbed more than 9 per cent in November, after dropping 0.6 per cent in the preceding 10 months.
In November they have contended with news that South Africa’s local-currency debt was downgraded to junk status for a second time this year, increasing their borrowing costs and piling further strain on an economy that slipped into recession in the first quarter. Instead of buckling under an incre
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