South African Stocks Missing Out on Emerging-Market Rally: Chart

Johannesburg stocks have missed out on an emerging-market rally as global investors turned to riskier assets, falling 0.4 percent since Aug. 1, compared with the 5 percent advance in the developing-nations benchmark. While emerging-market peers are embarking on plans to expand their economies, South Africa’s finance ministry is distracted from addressing weak growth and averting a ratings downgrade by government infighting, said Azola Zuma, chief executive officer of Sanlam Investment Management.

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