(Reuters) – South Africa recorded foreign direct investment (FDI) inflows of 27.2 billion rand ($1.7 billion) in the first quarter of 2022, up from 22.7 billion rand in the fourth quarter of 2021, the central bank said on Tuesday.
The South African Reserve Bank said in its Quarterly Bulletin that the increase was due to foreign entities increasing equity investments and granting loans to domestic subsidiaries.
Portfolio investment reverted to inflows of 64.2 billion rand in the first quarter, following revised outflows of 40.0 billion rand in the previous quarter as non-residents acquired equity and debt securities, it said.
($1 = 15.8328 rand)
(Reporting by Nellie Peyton; Editing by Alexander Winning)
