South African stocks continued their slide on Wednesday, following on weaker global equities, with losses led by steel manufacturer Mittal, which fell over 4 percent.
"The sell off started yesterday and has continued today, across the globe there was a sell-off, it was nothing stock specific," a Cape Town-based trader said.
The Johannesburg Top-40 index of blue-chip stocks slid 2.46 percent to 22,674.28 points while the All-share index dropped 2.33 percent to 25,250.06 points.
Mittal -- a unit of the world's top steel group -- was the biggest decliner among the top 40 blue chips, down 4.78 percent to 109.50 rand.
Read more at Reuters South Africa
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