SA mining is ripe for foreign direct investment
The recent increase in demand for commodities has led to a concurrent increase in demand in mining, which will undoubtedly lead to a rise in FDI in mining
Foreign direct investment (FDI) in SA fell by almost half in 2020, in line with the worldwide downturn caused by the global Covid-19 pandemic, according to UN Conference on Trade and Development (Unctad) figures. The country attracted only R2.5bn of new investments in 2020, a sharp 45% drop from the 2019 figure of R4.6bn.
However, with many of the Covid-19 sanctions on doing business being lifted since mid to late 2020, FDI is seeing signs of recovery. With its good business climate, strong focus on production and financial services, and a tourism and retail sector showing great potential, SA remains attractive to investors...
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