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South Africa’s FDI inflows jump in 2021, securities outflows soar

South Africa’s FDI inflows jump in 2021, securities outflows soar

SOUTH AFRICA recorded foreign direct investment (FDI) inflows of 604.3 billion rand ($41.15 billion) in 2021, a big jump from inflows of 50.4 billion rand in 2020, the central bank said on Tuesday. The South African Reserve Bank said in its Quarterly Bulletin publication that the inflows last year were mainly due to technology investor Prosus buying about 45% of its South African parent Naspers. On a quarterly basis, foreign direct investment inflows in the fourth quarter of 2021 were 22.7 billion rand versus inflows of 557.9 billion rand in the third quarter, when the Naspers deal happened. But portfolio…
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