Indicators
South Africa Posts First Net Foreign Inflow to Market Since 2022
- Foreign inflows totaled 45.6 billion rand in third quarter
- Non-residents bought 41.4 billion rand of local debt in period
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South Africa reported the first net inflows by foreign investors to its debt and equity markets since 2022, encouraged by a coalition government committed to boosting economic growth.
Portfolio inflows totaled 45.6 billion rand ($2.7 billion) in the third quarter, compared with an outflow of 20.1 billion rand in the prior three months, the Pretoria-based South African Reserve Bank said in its Quarterly Bulletin published Friday.