Miners Turn South African Stocks From World-Beaters to Laggards
AI Summary
South African precious-metals miners initially boosted the stock market to record highs but have now become a drag on the benchmark index, contributing to its worst quarterly performance in over two years. This shift highlights significant volatility in South Africa's stock market influenced by the mining sector.
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.
Markets Commodities South Africa miners stock market precious metals benchmark index quarterly slump