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This was in 2008 during the commodities boom and in the build-up to South Africa hosting the 2010 Fifa World Cup.especially dismal performance. From 2014 to 2021, the trend has been for the quantum ofDespite small increases in 2022 and 2023, fixed investment remained below 15% of GDP Mining and manufacturing attracted lower levels of total fixed investment than finance, and community and social services. This trend was corroborated by other research by the Centre for Risk Analysis into the structure of the labour market and GDP.
“It is a significant reversal from 2005 when the ratio peaked at 3.12 to 1. In 2007, the ratio marginally declined to 2.39 to 1 before slumping to 0.53 to 1 in 2020. In part, the slippage in the ratio through the global financial crisis years can be explained by extraneous factors. However, the ratio has remained below 0.90 post-crisis,” Corrigan wrote.
The report noted that the share of foreign investment that is direct has fallen by nine percentage points since 2004 with current levels of non-direct investment leaving South Africa “dangerously exposed to a further deterioration in investor perceptions”.