「SA’s foreign investment story is better than you think

#SouthAfrica has seen a net FDI inflow (inflows minus outflows) every year since 2018, says PwC’s April Economic Outlook bulletin.

“This may come as a surprise to some considering the country’s economic challenges and obstacles faced by private business. Many would expect that outflows would overshadow inflows. However, data from the #SouthAfricanReserveBank (#Sarb) shows that the country’s net #FDI flows averaged R58 billion per annum after the global financial crisis when excluding 2021.”

[...]

South Africans have a generally negative view of public #governance and #ServiceDelivery, but the country does better than many think on objective measures such as the #WorldBank’s Worldwide Governance Indicators (WGIs), which measures six factors, such as regulatory quality, rule of law, control of #corruption and government effectiveness for more than 200 countries. SA ranks about midway in the WGI ranking.

Because South Africans have witnessed a decline in the quality of public services, many assume the country underperforms its peers. This is a narrow view.

Being a middle-of-the-pack performance rather than something more dismal accounts to a large extent for the moderately positive view of the country’s governance held by foreign investors.」

https://www.moneyweb.co.za/news/economy/sas-foreign-investment-story-is-better-than-you-think/

#GoodNews

We are talking about the same story today, right? 🤔

#SouthAfrica #PhalaPhala #Ramaphosa #ANC #SARB #SouthAfricanReserveBank