Bloomberg (Bloomberg) — As authorities dealt with a wave of upheaval in two key provinces that has left more than 70 people dead, South African stocks surged, led by corporations that draw much of their income from abroad and profit from the local currency’s weakness. As of 10:09 a.m. in Johannesburg, the FTSE/JSE Africa All Share Index was 1.1 percent higher, with rand-hedge heavyweights BHP Group Plc, Richemont, Anglo American Plc, and Naspers Ltd. leading the charge as the currency fell to its lowest level in a year./n
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