| South Africa, one of the emerging market's biggest success stories in recent years, is rapidly becoming a canary in the coalmine known as the commodities washout. A deepening tumble in commodity prices — a fast moving train wreck that's been barreling down the tracks of the global economy since last year — has been linked directly to China's economic slowdown.
For the first time in nearly a decade, investors are yanking more money out of emerging markets than they are putting in, a new report from the Institute of International Finance stated on Friday. With the emphasis being on China and other Asian countries, investors have largely ignored developing economies such as South Africa, the continent's second-biggest economy and one highly dependent on natural resource demand...............................................Full Article: Source
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