Meanwhile, the South African rand currency appreciated 1.3% against the U.S. dollar, trading around 10.3241 per USD, the strongest since late December. [A Surprising ETF Safe Haven]

Along with EZA, ETF investors can gain exposure to South African markets through broad emerging market fund products. For instance, the he SPDR S&P Emerging Middle East & Africa ETF (NYSEArca: GAF) has a hefty 92.9% weight in South Africa and iShares MSCI Emerging Markets EMEA ETF (NYSEArca: EEME) allocates 43.9% of holdings to South Africa.

iShares MSCI South Africa ETF

For more information on South Africa, visit our South Africa category.