{"id":15811,"date":"2012-10-23T20:01:23","date_gmt":"2012-10-23T18:01:23","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/s-africa-fdi-plummets-in-first-half-of-2012\/"},"modified":"2012-10-23T20:01:23","modified_gmt":"2012-10-23T18:01:23","slug":"s-africa-fdi-plummets-in-first-half-of-2012","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-fdi-plummets-in-first-half-of-2012\/","title":{"rendered":"S.Africa FDI plummets in first half of 2012"},"content":{"rendered":"

\t\t<\/span><\/p>\n

By Tosin Sulaiman<\/span><\/p>\n

<\/span><\/p>\n

JOHANNESBURG<\/span> Oct 23 (Reuters) – Foreign direct investment
\nflows to South Africa tumbled 43.6 percent in the first half of
\n2012 compared to the same period last year, while FDI to the
\ncontinent as a whole rose by 5 percent, a United Nations report
\nsaid on Tuesday.<\/p>\n

<\/span><\/p>\n

The decline in FDI to Africa’s biggest economy came amid an
\n8 percent drop in global FDI inflows due to heightened global
\neconomic uncertainty, according to the U.N.’s Global Investment
\nTrends Monitor.<\/p>\n

<\/span><\/p>\n

As South Africa battles the worst labour unrest since the
\nend of apartheid, the numbers suggest it will face increased
\ncompetition for investment from its faster-growing neighbours.<\/p>\n

<\/span><\/p>\n

The report said FDI inflows to South Africa fell to $1.7
\nbillion in the first six months of 2012 from $3 billion in the
\nfirst half of 2011, reflecting sluggish domestic economic growth
\nas well as a slowdown in developed economies.<\/p>\n

<\/span><\/p>\n

“It reflects the situation in the main investors in South
\nAfrica (which) are developed countries,” said Astrit Sulstarova,
\nan economist at the U.N.’s Conference on Trade and Development
\n(UNCTAD), which produced the report.<\/p>\n

<\/span><\/p>\n

Slow economic growth in South Africa could also be
\ninfluencing investment decisions, Sulstarova added.<\/p>\n

<\/span><\/p>\n

The IMF forecasts South African GDP growth of 2.6 percent
\nthis year, and recently cut its 2013 growth forecast to 3
\npercent from a July projection of 3.3 percent, due to its close
\nlinks to struggling Europe.<\/p>\n

<\/span><\/p>\n

The IMF has also trimmed its 2012 forecast for Africa to 5
\npercent from 5.4 percent, but raised its projection for 2013 to
\n5.7 percent from 5.3 percent.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By Tosin Sulaiman JOHANNESBURG Oct 23 (Reuters) – Foreign direct investment flows to South Africa tumbled 43.6 percent in the first half of 2012 compared to the same period last year, while FDI to the continent as a whole rose by 5 percent, a United Nations report said on Tuesday. The decline in FDI to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15811","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15811"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15811\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}