South Africa Loses Image as Stock-Market Darling as Zuma Digs In

It's a cardinal rule of investing in less-developed countries that what can go wrong, often does go wrong.

And that's what worries an increasing number of investors about South Africa. Some analysts and economists fear President Jacob Zuma is pushing to deepen the government's interference in the affairs of companies while undermining mostly-independent institutions like the judiciary, the central bank and the National Treasury. The latest jolt came when Zuma on March 30 dismissed Finance Minister Pravin Gordhan, who was seen as a prudent steward of fiscal affairs....910 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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