FDI drops in second quarter as investors ditch SA
Inflow of R26.2bn after first quarter’s R39.9bn Reserve Bank bulletin shows
27 September 2022 - 12:19
UPDATED 27 September 2022 - 19:14
SA’s foreign direct investment (FDI) fell in the second quarter below that of the first as investors hunted for other destinations for their money due to rising geopolitical tension sparked by Russia’s invasion of Ukraine.
The Reserve Bank’s quarterly report, released on Tuesday, shows second-quarter FDI inflow of R26.2bn, down from R39.9bn in the first quarter, “as nonresident parent entities granted loans to and, to a lesser extent, increased equity investments in, domestic subsidiaries”...
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