Finweek English Edition
“If something were to steal my sleep … it would be foreign flows.”
SA’s stock market has been bleeding foreign capital lately. What lies behind the outflow and what can be expected from the bourse going forward?
– Dr Leila Fourie, CEO of the JSE, said the rate at which capital is leaving South Africa is the one thing that keeps her awake at night, in a Business Day podcast. Fourie said the country needs to do more to make its investment case. According to the JSE, foreign investors have bought a net R45bn of local bonds year-to-date, having offloaded R62bn in the same period in 2020. They have sold R87.13bn of shares in 2021