South African markets closed in the green yesterday, boosted by gains in precious metal mining sector stocks. Platinum miners, Impala Platinum, Northam Platinum and Anglo American Platinum surged 10.1%, 6.7% and 3.1%, respectively. Gold miner, Harmony Gold Mining rose 2.2%, after the company concluded a five-year wage agreement with all of its labour unions. Diversified miners, Anglo American, Pan African Resources and Exxaro Resources increased 3.3%, 2.7% and 1.5%. respectively.
Pharmaceutical company, Aspen Pharmacare added 1.0%, after the company finalised the acquisition of Swiss drug maker Sandoz’s Chinese subsidiary for up to EU92.60mn (R1.90bn).
The JSE All Share index advanced 1.7% to close at 75,373.