South Africa

South Africa

2023, The Foreign Investment Regulation Review: Edition 11

According to the World Bank, South Africa’s foreign direct investment (FDI) inflows for 2022 were approximately US$9 billion. This is a significant decrease from the FDI inflows of just over US$38 billion reported in 2021. In addition to global disruptions such as the Russia–Ukraine conflict, FDI inflows to South Africa in 2022 were severely impacted on by state-owned utilities’ inability to render the electricity, transportation and logistics services essential for spurring FDI in the country’s key economic sectors, including mining, construction and communications.