Foreign direct investment in South Africa more than quadrupled to US$5.8B in 2011, led by Wal-Mart's US$2.4B investment in a controlling stake in Massmart; Nigeria led Africa in FDI, with US$8.9B

LOS ANGELES , July 6, 2012 () – Foreign direct investment into South Africa more than quadrupled to US$5.8 billion in 2011, led by Wal-Mart Stores Inc.'s US$2.4 billion investment in Massmart Holdings Ltd., Bloomberg reported July 6, citing a Business Report article.

Among African nations, South Africa was second in attracting foreign investment behind Nigeria, which drew in $8.9 billion.,

The primary source of this article is Bloomberg, New York, New York, on July 6, 2012.

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