The Zuptoid handbrake: SA’s record-breaking stocks lag peers

South Africa's main stock index closed at an all-time high last week, up 12 percent this year.

But Bloomberg data shows this return to be less than half the 26 percent advance by its emerging-market peers.

Soledad Lopez, an emerging-market strategist at UBS Group AG in New York expects this volatility to continue as political uncertainty might increase in the run-up to the ANC elections in December.

The 14 percent return deficit is a clear indication that political shenanigans are holding the country back.