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Save for a potentially once-off blockbuster deal involving SA’s biggest company by market value and its Dutch-listed division, foreign direct investment (FDI) barely grew in 2021, underlining a daunting task facing the government that has pinned its economic revival hopes on private sector-led investments.

Investments into the country surged to $41bn [about R615bn] in 2021, up from $3bn the previous year, thanks to a multibillion-rand deal under which an Amsterdam-listed private equity-style tech investor bought a 45% stake in its parent, Naspers, according to a report by the UN Conference of Trade and Development (Unctad)...

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