03-04-2025
South African Stocks Tumble Most in Five Years on US Tariff Hit
South African stocks plunged the most in five years as steep US tariffs on the country's exports cloud the outlook for corporate profits and the economy.
The FTSE/ JSE Africa Africa All Share Index fell as much as 4.5% in Johannesburg, its biggest drop since March 2020. Banks were the biggest drag by index points, while other South Africa Inc. sectors including telecommunications, personal care, retail and life insurance also took a hit.
