South Africa’s FDI inflows slow in second quarter, central bank says
The South African Reserve Bank said in its Quarterly Bulletin that the inflows were notably driven by a non-resident company increasing its equity investment in a domestic broadcasting company.
In the second quarter Canal+, part of French media group Vivendi (VIV.PA), opens new tab, made a firm cash offer of 125 rand per share for local broadcaster Multichoice (MCGJ.J), opens new tab and built up its stake in the business.
Portfolio investments recorded outflows of 20.1 billion rand in April-June, compared to outflows of 52.0 billion rand in the first three months of this year
Source: Reuters
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