Mining Grab Fuels Biggest S. Africa Stock Outflows Since ‘08

Foreign investors are selling South African equities at the fastest pace in four years, even as they buy stocks in the biggest emerging markets, on concern policy makers will seek a larger share of the nation’s mining profits.

International investors sold 7.9 billion rand ($933 million) of South African equities in the first two months of this year, on track for the biggest first-quarter outflow since