South Africa stocks lose $50bn in eight-year foreign exodus

It’s been nearly a decade of waning foreign interest in South African stocks, with outflows exceeding $50-billion in that time.

Last year was the eighth year in a row that foreign investors dumped South African equities — a record-long streak — selling stocks worth $8.3-billion. That took the total since 2016 to $53-billion, based on data reported by exchange operator JSE.