SA STILL ATTRACTING PORTFOLIO FLOWS
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.