JOHANNESBURG (Reuters) -South Africa recorded foreign direct investment inflows of 11.7 billion rand ($661.46 million) in the first quarter of 2025, higher than inflows of 7.5 billion rand in the fourth quarter of last year, central bank data showed on Thursday.
The South African Reserve Bank (SARB) said in its Quarterly Bulletin that the inflows were due to non-resident parent entities increasing their equity investment in domestic subsidiaries.
Portfolio investments recorded outflows of 53.7 billion rand in January-March, compared with inflows of 33.4 billion rand in October-December 2024.
The outflows were “mainly due to non-residents’ net disposal of domestic equity securities and the redemption of an international bond by a public corporation,” the SARB said.
($1 = 17.6881 rand)
(Reporting by Kopano Gumbi; Editing by Alexander Winning)
