South African Stocks Drop as Miners Lead Worst Week in 15 Months
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South Africa’s main stocks gauge fell in the biggest weekly decline since June 2013 as foreigners sold shares and mining companies retreated on prospects for slower growth in China.
The FTSE/JSE All Share Index slipped 0.5 percent to 49,263.47 by 12:56 p.m. in Johannesburg, bringing its four-day drop to 4.2 percent. The market was closed for a public holiday on Sept. 24. The 14-day relative strength index was 26.7, below the oversold level of 30 for a second day.