FILE PHOTO: The logo of South Africa’s central reserve bank is seen during the delivery of a keynote address by South Africa’s central bank governor, Lesetja Kganyago, at the University of the Witwatersrand in Johannesburg, South Africa, November 1, 2022. REUTERS/Siphiwe Sibeko/File Photo

JOHANNESBURG, March 27 (Reuters) – South Africa recorded foreign direct investment inflows of 7.5 billion rand ($411.76 million) in the fourth quarter, compared to outflows of 3.2 billion in the third quarter, central bank data showed on Thursday.

The South African Reserve Bank said in its Quarterly Bulletin that the inflows were due to increased equity investment in domestic subsidiaries by non-resident parent companies.

Portfolio investments recorded smaller inflows of 33.4 billion rand in October-December, compared to inflows of 45.6 billion rand in the third quarter.

“Non-residents’ net acquisition of debt securities, which included the proceeds from national government’s issuance of two international bonds amounting to $3.5 billion, outweighed their disposal of equity securities,” the central bank said.

($1 = 18.2144 rand)

(Reporting by Bhargav Acharya; Editing by Alexander Winning)

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