Money flooding out of South Africa

• The FTSE/JSE Africa All-Share index slumped 6.7% in September, with precious metals miners plunging more than 17% as prices of gold and platinum fell.
• South African stocks have underperformed their emerging-market peers in recent months as elevated oil prices and the decline in metal prices weighed on the country’s terms of trade.
• The benchmark erased a loss of as much as 1.5% on Friday to trade 0.3% higher as of 2:14 p.m. in Johannesburg.