Despite its challenges, SA received foreign direct investment (FDI) inflows of nearly R100 billion in 2023

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GUEST - Christie Viljoen, PwC South Africa Senior Economist
PwC South Africa is pleased to share its fourth South Africa Economic Outlook report for 2024. In this edition, we focus on FDI and what South African companies can do to attract international deal interest.
It would come as a welcome surprise to many South Africans to learn that, despite the country’s many challenges, our economy still attracted almost R100 billion in FDI inflows in 2023 – equal to 1.4% of GDP. In fact, while some might expect South Africa’s investment outflows to be larger than inflows, the country has seen a net FDI inflow (inflows minus outflows) in every year since the global financial crisis.
South Africa has many positive attributes for foreign investors, including world-class financial services and communication industries, a deep capital market, quality tertiary institutions producing graduates with internationally-comparable qualifications, abundant natural resources (including renewables), a strategic geographical location for entry into the rest of Sub-Saharan Africa, a transparent legal system, and a certain degree of political and policy stability, among many other features. Kaya FM