South Africa's foreign direct investment inflows rise to $2.8 bln in Q2

📆 28/09/2023 02:00 م

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South Africa recorded foreign direct investment inflows of 53.8 billion rand ($2.8 billion) in the second quarter of 2023, up from inflows of 0.5 billion rand in the first quarter, central bank data showed on Thursday.

📆 28/09/2023 02:00 م
📰 ReutersAfrica

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The South African Reserve Bank said in its Quarterly Bulletin that the acquisition of a domestic beverage company by a non-resident firm contributed to

the increase.Second-quarter portfolio investment outflows fell to 4.6 billion rand from 32.0 billion rand in the previous quarter, the Quarterly Bulletin said.

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