Bloomberg News

South Africa Stocks Drop, Yields at Record Low on U.S. Job Data

September 02, 2011

Sept. 2 (Bloomberg) -- South Africa’s stocks index extended its decline to the biggest in two weeks while bonds gained after employment in the U.S. unexpectedly stagnated in August.

The FTSE/JSE Africa All Share Index fell 1.8 percent to 30,529.26 at 2:25 p.m. in Johannesburg. The government’s 13.5 percent notes due 2015 climbed, reducing the yield 10 basis points, or 0.1 percentage point, to 6.32 percent, the lowest on record.

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net


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