SA’s FDI inflows reach five-year high in 2018

PRETORIA - South Africa’s foreign direct investment more than doubled in 2018 to reach its highest in five years, the central bank said on Wednesday, giving a boost to President Cyril Ramaphosa’s pledge to woo investors to help revive a struggling economy.

The FDI inflows were the highest since 2013, when the country recorded investments of R80.13 billion. However, portfolio investment inflows fell to R90 billion in 2018 from R278.8 billion the previous year, with outflows of R33.9 billion recorded in the final quarter of 2018.

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