South Africa Faces $3.7B Stock Drop Amid Foreign Investor Exit
Understanding the Recent Trends in the South African Stock Market
Recent reports highlight a significant trend: nearly double the $1.9 billion in outflows recorded from early 2023 to early 2024 have left the Johannesburg Stock Exchange (JSE). As the Reuters report emphasized, this growing apprehension among investors is striking, particularly given that the JSE remains one of the world's top-performing markets in 2023. How do we reconcile this dichotomy?
According to Bank of America, South African equities…