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

(Bloomberg) -- 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.

To contact the reporter on this story: Neo Khanyile in Johannesburg at nkhanyile@bloomberg.net. To contact the editors responsible for this story: Robert Brand at rbrand9@bloomberg.net, John Viljoen