The South African economy has made great strides since 1994, when apartheid was replaced with a democratic system. One useful measure of this is the country’s FDI liabilities — FDI stock held by foreign companies in the country. In 1996 these were $14.4 billion in nominal terms, but by 2015, they were $148 billion, having reached a high of $179 billion in 2011. However, the tide of FDI to South Africa is turning. In 2015 world FDI flows increased an estimated 36.5% to $1.7 trillion, according to the United Nations Conference on Trade and Development (UNCTAD). Meanwhile, FDI flows to…
