South African stock index breaks through the psychological barrier of 10,000 points for the first time.

Due to market optimism that key budget votes will receive support from the main parties in the ruling coalition, South Africa's benchmark stock index broke through the psychological barrier of 100,000 points for the first time. The index has risen by about 19% this year, hitting multiple record highs and outperforming emerging stock indices. Precious metal mining stocks have led the index's rise. This week, South African President dismissed the Minister of Higher Education, easing tensions within the ruling coalition and clearing the way for the approval of the national budget. South African lawmakers will vote on a bill on Wednesday to allocate funds to government departments.