SA STILL AT­TRACT­ING PORT­FO­LIO FLOWS

Finweek English Edition - - INVESTMENT -

South Africa’s im­age may be bat­tered and bruised at the moment, but that hasn’t de­terred for­eign in­vestors in lo­cal bonds and eq­ui­ties. Ac­cord­ing to Cit­i­group, non-res­i­dent pur­chases of bonds and eq­ui­ties so far this year have reached R14.511bn with R7.795bn of that go­ing into bonds and R6.716bn into eq­ui­ties. That is just over 17% of the R83.816bn in to­tal bond and eq­uity pur­chases from non-res­i­dent in­vestors that took place in 2012 – not bad for the first two months of the year. Of course, the thing with port­fo­lio flows is that they can dis­ap­pear just as quickly as they ar­rived. The na­tion’s lead­ers can there­fore not af­ford to rest on their lau­rels.

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