South Africa’s R81 billion investment blow

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 61%

United States News News

United States United States Latest News,United States United States Headlines

South Africa’s stock market had a tough start to 2024, but the bond market has seen some interest from international investors.

Foreign investors have been selling off South African equities in 2024, dumping R81 billion worth in the first half of the year.

Despite the peaceful election and the formation of a more market-friendly Government of National Unity , foreign investors are still taking money out of local assets. In its interim results, JSE Ltd. noted that South African investors continue to withdraw money from the country in pursuit of higher returns offered by global equity markets.

While South African equities have been hard hit in recent years, local bonds have held up and are attracting billions of inflows. Last month, foreign investors’ ownership share of South African government bonds crossed 30% for the first time in five years, showing renewed interest in local debt.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in US

United States United States Latest News, United States United States Headlines