Southern African bloc extends troop deployment in Congo by a year
South Africa’s foreign direct investment inflows rise to $2.8 billion in Q2
10:48 CAT | 28 Sep 2023
File photo: Reuters
South Africa recorded foreign direct investment inflows of 53.8 billion rand ($2.8 billion) in the second quarter of 2023, up from inflows of 0.5 billion rand in the first quarter, central bank data showed on Thursday.
South Africa’s foreign direct investment inflows rise to $2.8 billion in Q2
The South African Reserve Bank said in its Quarterly Bulletin that the acquisition of a domestic beverage company by a non-resident firm contributed to the increase.
Heineken said in April that it had completed the purchase of wine and cider company Distell.
Second-quarter portfolio investment outflows fell to 4.6 billion rand from 32.0 billion rand in the previous quarter, the Quarterly Bulletin said.
($1 = 19.1612 rand)
Source: Reuters
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