SA’s foreign direct investment inflows rise to R53.8bn in Q2

South Africa recorded foreign direct investment inflows of R53.8 billion ($2.8 billion) in the second quarter of 2023, up from inflows of R0.5 billion in the first quarter, central bank data showed on Thursday.

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 R4.6 billion from R32.0 billion in the previous quarter, the Quarterly Bulletin said.

Source: Moneyweb