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
July 6, 2012
(Industry Intelligence Inc.)
– 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.