SA CONTINUED to attract foreign investments in the second quarter of 2016, but at a slower pace than in the first quarter, as global uncertainties — particularly around US interest rates and Brexit — weighed.The Reserve Bank’s quarterly bulletin showed on Tuesday that the net inflow of capital on the financial account of the balance of payments shrank from R31.7bn in the first quarter to R5.1bn in the second quarter.Capital inflows were supported by indications of a possible delay in the tightening of monetary policy in the US and the relatively high return offered on domestic debt securities.Brexit caused turbulence in global financial markets. "Some aversion towards risky financial assets, declines in the prices of UK-linked equities and the depreciation of emerging-market currencies were noted during the last week of June," the Bank said.Uncertainty around the British exit plan from the European Union is expected to remain a concern during the next two years, the Bank cautioned."...
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