The index dropped as much as 4.4 percent, its steepest decline since Aug. 1, and was trading 4.2 percent lower at 24,810.71 as of 1:09 p.m. in Johannesburg.
MTN Group Ltd., Africa's largest mobile-phone company, declined 9.4 percent to 107.05 rand, while Standard Bank Group Ltd., the continent's biggest lender, retreated 4 percent to 88.59 rand.
Ten ministers, including Public Enterprises Minister Alec Erwin and three deputy ministers, submitted their resignations, the presidency said in an e-mailed statement today. South African Deputy President Phumzile Mlambo-Ngcuka resigned earlier today.
The leadership of the ANC ordered Mbeki to quit eight days after a High Court judge suggested he pressured prosecutors to pursue corruption charges against Zuma, whom Mbeki fired in 2005.
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