Banks stood out as the cloud hanging over South Africa's credit rating lifted when Fitch Ratings and S&P Global Ratings affirmed the foreign-currency rating at investment grade.Banks notched up just more than 6% to reach levels last seen in August last year and the sector is now the second-best-performing one on the JSE, behind the resource market."We believe we should take heart from this encouraging outcome towards the end of what has proved to be a tumultuous year on many fronts," Renier de Bruyn, investment analyst at Sanlam Private Wealth, said in a note. The All Share index has had a rollercoaster ride, from Brexit to Donald Trump's victory in the US presidential election. Local politics was reflected in wide swings in the rand throughout the year. The All Share recovered 3.34% over the week to settle at 50899.90 points at the close.Its strength also came from the rebound in the broader industrial sector, which has for several years provided a solid u...
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