https://www.engineeringnews.co.za
Africa|Financial
Africa|Financial
africa|financial

South Africa records FDI inflows of R26.3bn in second quarter

25th September 2019

By: Reuters

  

Font size: - +

South Africa saw larger foreign direct investment (FDI) inflows in the second quarter than the first quarter as domestic firms received debt and equity funding from foreign parent companies, central bank data showed on Wednesday.

Africa's most industrialised economy had FDI inflows of R26.3-billion in the second quarter from inflows of R11.7-billion in the first three months of the year, the South African Reserve Bank (SARB) said in its Quarterly Bulletin.

The country registered portfolio investment inflows of R10-billion from April to June from inflows of R29.2-billion in the prior quarter, the SARB said.

South Africa relies heavily on foreign money to cover its large budget and current account deficits, with data showing that foreign investors held 37.3% of South African government bonds as of August.

But investor confidence in South Africa remains fragile, while the economic growth outlook is clouded by a lack of clarity and progress on reforms.

The financial account of South Africa's balance of payments recorded an inflow of capital of R13.2-billion, or 1%, of GDP, in the second quarter from R24.1-billion in the first quarter.

Edited by Reuters

Comments

Showroom

Magni SA
Magni SA

Magni SA is committed to developing the safest Telehandlers available to our customers for underground and surface mining, construction, forestry,...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.219 0.275s - 176pq - 2rq
Subscribe Now