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South Africa's stocks open at fresh lifetime highs

south-africa-stock copyJOHANNESBURG: South African stocks hit fresh lifetime highs on Wednesday as demand for riskier assets were lifted by expectations of a more aggressive monetary stimulus coming out of Japan and US progress in resolving its "fiscal cliff" budget crisis.

 

The All-Share index climbed 0.21 percent to 38,963.24, the highest level in the bourse's 17-year history.

 

The blue-chip index was 0.23 percent higher at 34,541.47.

Copyright Reuters, 2012