The South African share market rallied broadly on Wednesday, with the all share closing in on the 54,000-point mark, which would be its best since the end of May. "It appears there are some foreigners buying our stocks again. I think that this could be on the back of a recent U-turn government took in terms of the implementation of the Mining Charter," said Petri Redelinghuys, an analyst at Herenya Capital. The all share was up 0.97% to 53,777.10 points at lunchtime, as industrial stocks led the charge. Naspers was one of the standout performers in the top-40 and industrial-25 indices, helping to counter slack in some of the healthcare stocks, which have had a rough ride on the market since start of the year. Naspers’s share price drew support from Hong Kong-based Tencent, of which the South African company holds about a third. Lonmin featured prominently on the winners’ board for the third session running, bringing gains to a cumulative 37% after an improved quarterly production re...
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