Miners Turn South African Stocks From World-Beaters to Laggards

The precious-metals miners that propelled South African stocks to a record have become a millstone, dragging the benchmark index toward its worst quarterly slump in more than two years.

By Khuleko Siwele, Mpho Hlakudi · Bloomberg Markets

The precious-metals miners that propelled South African stocks to a record have become a millstone, dragging the benchmark index toward its worst quarterly slump in more than two years.