South Africa recorded foreign direct investment inflows of R7.5-billion in the fourth quarter, compared to outflows of R3.2-billion in the third quarter, central bank data showed on Thursday.
The South African Reserve Bank said in its Quarterly Bulletin that the inflows were due to increased equity investment in domestic subsidiaries by non-resident parent companies.
Portfolio investments recorded smaller inflows of R33.4-billion in October to December 2024, compared to inflows of R45.6-billion in the third quarter.
"Non-residents' net acquisition of debt securities, which included the proceeds from national government's issuance of two international bonds amounting to $3.5-billion, outweighed their disposal of equity securities," the central bank said.
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