FDI flows into SA hit 10-year low - report
13 July 2016
Harare - Foreign direct investment into South Africa has dropped by 69% to $1.8bn, its lowest level in 10 years, according to the United Nations Conference on Trade and Development’s 2016 World Investment Report.
The report attributed the fall in South Africa's FDI to lacklustre economic performance, lower commodity prices and higher electricity costs. The decline was also attributed to continued reliance on mineral-based exports.
"Low commodity prices depressed FDI inflows in natural-resource-based economies," said the report.
Global FDI into Africa fell to $54bn in 2015, a decrease of 7% over the previous year, the report showed.