Foreign Investors Are Losing Interest in South African Bonds
- Share of government securities fell to eight-year low in July
- Credit downgrades have moved country of investors’ radar: RMB
Local residents wearing protective face masks wait at a bus stop in the Imizamo Yethu township area of Hout Bay, in Cape Town.
Photographer: Dwayne Senior/BloombergThis article is for subscribers only.
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Foreign investors continue to desert South Africa’s bond market in July, with their share of government debt falling to the lowest level in more than eight years.