South African shares rose for a fourth straight session on Monday after the world's biggest platinum producer, Anglo American Platinum, said it expected interim earnings to increase by almost 15 times. Shares in Amplats closed up 1.2 percent despite platinum weakening by 0.4 percent after it said earnings were recovering from last years five-month strike and would benefit from an after-tax gain. Its results are due next Monday.
The JSE Top-40 index closed up 1.5 percent at 46,216 and the broader All-Share index gained 1.3 percent to 52,474, its highest level in more than two-weeks.
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