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South Africa's foreign direct investment inflows pick up in the second quarter
South Africa's foreign direct investment inflows pick up in the second quarter
South Africa recorded foreign direct investment inflows of R49.8-billion in the second quarter, up from R20.3-billion in the previous quarter, the central bank said on Tuesday.
The South African Reserve Bank said in its Quarterly Bulletin that the higher inflows were due to a local telecommunications company receiving debt funding from a non-resident parent company. It did not disclose which company because the transaction was not public.
Portfolio investments switched to an outflow of R9-billion rand in April to…
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