Tourism Recovery Remains On Track
During January, sun-lovers from overseas continued to boost South Africa’s tourism industry, especially from countries in the Northern Hemisphere, where temperatures were still cold, and the days were still short.
Budget 2024/25 – Forex reserves to the rescue!
The 2024/25 national budget will mainly be remembered for its novel utilisation of a portion of South Africa’s gold and foreign exchange contingency reserve account (GFECRA), commonly known simply as the forex reserves.
Foreign direct investment in good nick
Over the 12 months ended September 2023, gross foreign direct investment (FDI) inflows on the South African balance of payments achieved a record high average quarterly level (excluding the Naspers share swap transaction of 2021).