Foreign investors are heading for the hills – Magnus Heystek
Foreign investors are also very alert to the upcoming issue of “greylisting”. The media seems to suggest it’s not a big issue.
Foreign investors are also very alert to the upcoming issue of “greylisting”. The media seems to suggest it’s not a big issue.
Finance Minister Enoch Godongwana’s maiden National Budget was aimed in large part at investors, and there was something for everyone – foreign investors.
In an interview with Biznews, the Minister of International Relations and Cooperation, Naledi Pandor said more changes to visas was high on the list of foreign investors.
In the first scheduled bond auction since Mboweni delivered his fiscal update to lawmakers on October 24, demand dropped 67% from the previous sale to the lowest since March.
In a bid to minimise their losses, foreigner investors have sold $52.5m worth of listed shares since the beginning of the year.