{"id":6545,"date":"2011-12-31T01:04:56","date_gmt":"2011-12-30T23:04:56","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/update-1-south-africa-stocks-slip-into-red-for-2011\/"},"modified":"2011-12-31T01:04:56","modified_gmt":"2011-12-30T23:04:56","slug":"update-1-south-africa-stocks-slip-into-red-for-2011","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-south-africa-stocks-slip-into-red-for-2011\/","title":{"rendered":"UPDATE 1-South Africa stocks slip into red for 2011"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 books 0.59 decline in 2011<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* In dollar terms index down 19 pct<\/p>\n<p> (Adds details, quotes)<\/p>\n<p><span><\/span><\/p>\n<p>By David Dolan<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Dec 30 (Reuters) &#8211; South African stocks<br \/>\nslipped to their first annual loss since the 2008 financial<br \/>\ncrisis, giving up 0.6 percent as concerns about the euro zone<br \/>\nshredded confidence in miners and other firms sensitive to<br \/>\nglobal growth.<\/p>\n<p><span><\/span><\/p>\n<p>While Johannesburg&#8217;s slight decline outperformed many<br \/>\ndeveloped and emerging markets in 2011, the pain was far worse<br \/>\nfor foreign investors, who saw their returns eroded by a nearly<br \/>\n20 percent drop in the rand currency.<\/p>\n<p><span><\/span><\/p>\n<p>The sluggish stock performance is likely to continue due to<br \/>\nthe uncertainty about Europe, traders have said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;You could have gone to the beach for the whole year and<br \/>\ncome back and caused less damage to a portfolio,&#8221; said Abri du<br \/>\nPlessis, chief investment officer at Gryphon Asset Management in<br \/>\nCape Town.<\/p>\n<p><span><\/span><\/p>\n<p>The benchmark Top-40 index finished 2011 at<br \/>\n28,469.81, down 0.06 on the day and a decline of 0.59 percent<br \/>\nfor 2011.<\/p>\n<p><span><\/span><\/p>\n<p>The broader All-share index rose 0.02 percent on<br \/>\nFriday, but booked an annual loss of 0.36 percent.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Top-40 books 0.59 decline in 2011 * In dollar terms index down 19 pct (Adds details, quotes) By David Dolan JOHANNESBURG, Dec 30 (Reuters) &#8211; South African stocks slipped to their first annual loss since the 2008 financial crisis, giving up 0.6 percent as concerns about the euro zone shredded confidence in miners and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6545"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6545\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}