Foreign direct investment flows into SA decline but greenfields projects hold up, says UN report
UNCTAD’s World Investment Report says global foreign investment declined by 2%
01 July 2024 - 05:00
Foreign direct investment (FDI) in SA fell 43% to $5.2bn in 2023 in a weak global environment for FDI, but this mainly reflected a drop in new greenfields investment project announcements, which offset higher merger and investment activity.
This is according to the latest World Investment Report (WIR) from UNCTAD (the UN Conference on Trade and Development), which said global foreign investment fell 2% to $1.3-trillion amid global slowdown and rising geopolitical tension...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.