The FTSE/JSE Africa All Share Index declined the most in 16 months, dropping 988.13, or 3.2 percent, to 30,323.04 by the 5 p.m. close in Johannesburg, a second day of losses.
The following were among the most active stocks in the South African market today.
Anglo American Plc (AAL) , the mining company that makes up about 9 percent of the benchmark stock index, fell to the lowest in more than a week, sliding 12.85 rand, or 4.4 percent, to 282.65 rand. Copper fell to a one-year low in New York and headed into a bear market in London after a China factory index signaling contraction added to speculation of slowing metals demand.
BHP Billiton Ltd. (BHP) , the world’s largest mining group, declined 12.15 rand, or 5.2 percent, to 220.65 rand.
AngloGold Ashanti Ltd. (ANG) , Africa’s biggest producer of the metal, dropped for the first day in seven, slipping 5.64 rand, or 1.5 percent, to 371.50 rand. Gold fell to a four-week low in New York as the dollar’s rally cut demand for the metal as an alternative asset after the Federal Reserve said it will buy longer-maturity U.S. debt.
Gold Fields Ltd. (GFI) , the continent’s second-biggest gold producer, slid 1.69 rand, or 1.2 percent, to 139.32 rand.
Harmony Gold Mining Co. (HAR SJ), the continent’s third- largest gold company, dropped 1 rand, or 0.9 percent, to 105 rand.
Kumba Iron Ore Ltd. (KIO) , an iron ore-producer, declined the most in more than two weeks, dropping 23.52 rand, or 5 percent, to 442.75 rand. Iron ore is set for the first four-year drop since at least 1982 as supplies surge. Global prices may fall 29 percent to an average $123 a metric ton in 2015 from a record $173 this year, according to the median estimates of 10 analysts surveyed by Bloomberg News.
SABMiller Plc (SAB) , the world’s second-largest brewer by volume, retreated the most in a month, slipping 5.46 rand, or 2.1 percent, to 259.54 rand. The maker of Peroni and Grolsch beer fell as European stock markets slumped and analysts said the company may be paying a high price for Foster’s Group Ltd.
Sasol Ltd. (SOL) , the world’s largest producer of motor fuel from coal, declined for a second day, falling 7 rand, or 2 percent, to 339.50 rand. Oil fell to a one-month low after the Federal Reserve cited “significant downside risks” to the economy of the U.S., the world’s biggest crude-consuming nation.
The Foschini Group Ltd. (TFG) , a clothing retailer, dropped the most in almost 2-1/2 years, sliding 4.88 rand, or 5.3 percent, to 87.90 rand. The rand plunged to an almost two- year low against the dollar, raising input costs and cutting rate-cut chances in the continent’s biggest economy.
Truworths International Ltd. (TRU) , declined 3.10 rand, or 4.1 percent, to 71.95 rand.
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