Foreign investors dump R6bn in SA bonds as global Covid-19 infections soar
12 January 2021 - 18:06
Foreign investors have turned sour on bonds, with the latest data showing they’ve effectively dumped all their holdings of SA fixed-income assets acquired in the final quarter of 2020 as surging Covid-19 cases across the globe stoke renewed fears about world economic growth prospects.
JSE data shows that foreign investors have already sold almost R6bn in SA bonds on a net basis so far in 2021, almost entirely reversing the R6.1bn net purchases they made in the final quarter of 2020, which came after tentative signs of a recovery boosted risk appetite...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.