South Africa FDI inflows drop in second quarter, household debt rises
South Africa's foreign direct investment (FDI) inflows dropped in the second quarter of 2022, while household debt levels rose and consumption expenditure slowed, central bank data showed on Tuesday.
In its Quarterly Bulletin, the South African Reserve Bank (SARB) said household debt as a percentage of nominal disposable income edged higher to 64.6% from 64.3% in the first quarter.
South African consumers were under pressure in the April to June period, with rising inflation driven by increased food and fuel costs and higher interest rates hurting disposable incomes. Gross domestic product contracted 0.7% quarter on quarter in the second three months of the year.
Real consumption expenditure growth slowed to 0.6% in the second quarter from 1.2% in the first quarter, with spending on durable goods and essential items falling although spending on services rose.
FDI inflows fell to R26.2-billion in the second quarter, down from R39.9-billion in the first quarter, reflecting foreign companies giving loans to and increasing equity investments in domestic subsidiaries, the SARB said.
There were portfolio investment inflows of R39.8-billion in the second quarter after inflows of R60.7-billion in the previous quarter. The central bank said those inflows came as overseas investors bought more debt securities than they sold domestic equities.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...
VISIT SHOWROOM
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
