South Africa stocks slip into red for 2011

JOHANNESBURG (Reuters) - 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 other firms sensitive to global growth. While Johannesburg's slight decline outperformed many developed and emerging markets in 2011, the pain was far worse for foreign investors, who saw their returns eroded by a nearly 20 percent drop in the rand currency. The sluggish stock performance is likely to continue due to the uncertainty about Europe, traders have said. ...