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South African shares set to erase 2020 losses on Naspers and gold

South African stocks set to erase 2020 losses on Naspers and gold - South African shares set to erase 2020 losses on Naspers and gold

South Africa’s benchmark equities index is ready to erase its 2020 drop, staging a spectacular snap-back from its March trough following a surge in shares of market heavyweight Naspers Ltd and a stellar efficiency by gold miners. The FTSE/JSE Africa All Share Index gained as a lot as 2% on Tuesday, and has climbed greater than 50% from its March …

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