South Africa's foreign direct investment inflows pick up in Q2

PRETORIA, Sept 29 (Reuters) — South Africa recorded foreign direct investment inflows of 49.8 billion rand ($3.03 billion) in the second quarter of 2026, up from 20.3 billion rand in the previous quarter, the central bank said on Tuesday. The South African Reserve Bank said in its Quarterly Bulletin that the higher inflows were due to a local telecommunications company receiving debt funding from a non-resident parent company. It did not disclose which company because the transaction was not public. Portfolio investments switched to an outflow of 9.0 billion rand in April-June, from an inflow of 9.0 billion rand in the previous three months. Non-residents sold domestic equity securities amounting to 34.2 billion rand and acquired domestic debt securities amounting to 25.1 billion rand during the second quarter. The acquisition of debt securities was partly offset by the redemption of a $1.25 billion international bond by national government, the central bank said. ($1 = 16.4247 rand) (Reporting by Kopano Gumbi; Additional reporting by Sfundo Parakozov; Editing by Alexander Winning) ((kopano.gumbi@thomsonreuters.com)