$600m investment money leaves SA
INVESTORS that were rattled by events in Turkey, China and South Africa have pulled $1.3 billion (R18.83bn) out of emerging-market stocks in the last week and $100 million from bonds, according to the Institute of International Finance, which tracks financial flows.
An emerging-market sell-off has picked up pace over the last week as concerns about Turkey and others have compounded longer-term worries about a global trade war, a strong dollar and rising borrowing and energy costs.