South Africa Sees Foreign Stock Selling as Investors Opt for Bonds
Foreign investors sold off South African equities at the fastest pace in more than a year in the fourth quarter of 2024, as they piled into the nation's bonds, leading to smaller portfolio inflows.
Portfolio inflows fell 26% to 33.4 billion rand ($1.8 billion) in the quarter, compared with the prior three months, the South African Reserve Bank said in its Quarterly Bulletin published on Thursday.
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