Foreigners desert south africa’s stock market like never before

Foreigners desert south africa's stock market like never before
Foreigners desert south africa’s stock market like never before
Amid robust demand for emerging-market equities, there’s one place global investors are avoiding: Africa’s biggest stock market. With almost a full quarter to go, outflows from South Africa’s stock exchange have already reached 90.5 billion rand (.6 billion) this year, on track to equal last year’s record 125.8 billion rand. By comparison, net sales reached 56.6 billion rand in 2008, when emerging-market assets bore the brunt of a selloff sparked by the global financial crisis. While the bench…

Foreigners desert south africa’s stock market like never before