African stock market closing report | South Africa's stock index rose more than 0.2%, continuing to reach a new closing high, the country's president retaliated against Trump's threat to impose tariffs on BRICS countries.

On Monday, the South African FTSE/JSE Africa Top 40 trade index closed up 0.25% at 89623.71 points, marking a second consecutive trading day of reaching a new record high. The South African Rand against the US Dollar narrowed its decline to 0.9%, showing signs of rebound for a second consecutive trading day. South African President Cyril Ramaphosa criticized US President Trump's threats to impose sanctions on BRICS member countries, stating that "might does not make right in this day and age."