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Bloomberg
South Africa’s main stock benchmark swung between gains and losses as investors responded to the possibility that the US is heading for a contested election. The benchmark index was 0.9% higher as of 10:04 amin Johannesburg, after falling as much as 0.8%.
An index of South African banks slid as much as 3.6% as the rand weakened against the dollar, with the too-close-to-call American vote buffeting emerging-market currencies.
Naspers Ltd., with a 20% weighting on index, rises 4.7%, providing biggest boost to the market as it rebounded from Tuesday’s 4.2% slump.