Last year foreign direct investment (FDI) into South Africa fell by 74% to US$1.5 billion, according to the Global Investment Trends Monitor released yesterday (Thursday) by the United Nations Conference on Trade and Development.
Global FDI flows increased by a whopping 36% to an estimated US$1.7 trillion – the highest level since the economic crisis of 2008/2009 – due to an almost 90% upsurge in FDI targeting developed economies (Europe and the United States).
Africa was hard hit with a drop of 31% in 2015, largely due to a decline in southern Africa as the commodities ‘super-cycle’ came to an end.
