SA records sharp drop in foreign direct investment
Declining inflows are a major blow as the economy was already struggling before the pandemic, but commence of the AfCTFA is seen as positive
Foreign direct investment (FDI) in SA plunged 15% to $4.6bn (R79bn) in 2019 and is expected to drop further this year due to the Covid-19 pandemic, according to a new global investment report by the UN.
Global FDI flows are forecast to decrease by up to 40% in 2020, from their 2019 value of $1.54-trillion. This would bring FDI below $1-trillion for the first time since 2005, the report stated...