The South African Reserve Bank (Sarb) said in its Quarterly Bulletin that the inflows were due to non-resident parent entities increasing their equity investment in domestic subsidiaries.
Portfolio investments recorded outflows of R53.7bn in January-March, compared with inflows of R33.4bn in October-December 2024.
The outflows were "mainly due to non-residents' net disposal of domestic equity securities and the redemption of an international bond by a public corporation," the Sarb said.
($1 = R17.6881)
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