South Africa recorded foreign direct investment inflows of R53.8 billion in the second quarter of 2023, up from inflows of R0.5 billion in the first quarter, central bank data showed on Thursday.
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 R4.6 billion from R32.0 billion in the previous quarter, the Quarterly Bulletin said.
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