South Africa’s net portfolio investment has dropped significantly since the onset of the pandemic, as foreign investors have withdrawn from local equities and bonds in response to global uncertainty and domestic economic headwinds. In today’s post, Tashen Naidoo highlights how this marks a stark reversal from the pre-pandemic period, when the country consistently attracted robust portfolio inflows. It is also worth pointing out that dual listed shares distorts this picture that is based on SARB statistics.
