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World Bank: South Africa must shift foreign flows to direct investment

7-Oct-2010 3:10 PM

World Bank’s Africa economist, Shanti Devarajan stated South Africa needs to continue to attract capital inflows, while shifting “their composition towards foreign direct investment,” (Bloomberg, 07-Oct-2010). Mr Devarajan added rising private capital flows and commodity prices are fueling gains in the rand which are “volatile” and “difficult to manage,”