SA’s net international investment position

Despite a long history of twin deficits (fiscal and current account deficits), South Africa’s net international investment position remains in positive territory and compares favourably to other emerging markets. This reflects strong price increases of South Africa’s foreign assets (think the performance of Naspers’ global internet investment business) and favourable valuation changes from exchange rate changes (rand depreciation boosting the rand value of foreign currency denominated foreign assets). 

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