SA’s foreign direct investment drops in Q3

The city of Johannesburg over looks the Mandela bridge, with trains parked underneath in Johannesburg, South Africa.[ [Photo: Reuters]

PRETORIA - South Africa’s foreign direct investment inflows fell by nearly 3 billion rand ($209.6 million) in the third quarter, the central bank said on Friday in its quarterly bulletin, as foreign firms sent less money to local subsidiaries.

South Africa’s direct investment liability fell to 27.9 billion rand from 31.6 billion, the Reserve Bank (SARB) said.