At a conference in Johannesburg, the Bank's senior economist for southern Africa, Gene Tidrick, warned, however that the inflow was accompanied by enormous volatility.
Investors see SA as a strong opportunity . . .
At the same conference Reserve Bank Governor Chris Stals revealed that in the first three months of this year foreign investors increased their holding of SA bonds and shares by R25-billion. For developing markets as a whole growth will be about one percentage point lower. South Africa will be even less affected through a marginal decline on commodity prices. Investors wouldn't be here if they did not believe that government's economic strategy lays the foundation for sustainable growth . . . It is extremely difficult for us to forecast what rates will do in future.