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JSE hits 4-1/2 month low

Markets

South African stocks slid to a 4-1/2 month low on Tuesday as skittish investors sold off index heavyweights as part of a global equity sell-off on nagging concerns about the European debt crisis.

The benchmark Top-40 index was down 1.8 percent at 29,017.41, near its lowest since early January.

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The JSE. Photo: Simphiwe Mbokazi.

Shares of platinum miners such as Lonmin were the worst hit, as spot prices of the precious metal slid. - Reuters

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