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South Africa - a re-emerging player in outward FDI

Author

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  • Judit Kiss

    (Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences)

Abstract

Since 1994 South Africa has been successfully reintegrated into the world economy and has become a capital exporter country. The main carriers of outward FDI are South African multinationals which are not newcomers in the international arena as they started to be internationalised earlier than other emerging markets' MNEs. Their investment decisions are mainly driven by home country push factors fuelled by the economic, social and political legacy of the apartheid regime, however, market, efficiency and strategic asset seeking strategies also play a role. Efficiency seeking motives are expected to become stronger leading to increasing international orientation, development of alliances and networks outside of the country. Though the main destinations of FDI outflow are traditionally the European countries, especially the UK, the Sub-Saharan African region is a developing location as South Africa is aspiring for regional hegemony.

Suggested Citation

  • Judit Kiss, 2017. "South Africa - a re-emerging player in outward FDI," IWE Working Papers 235, Institute for World Economics - Centre for Economic and Regional Studies.
    • Handle: RePEc:iwe:workpr:235
    as

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    File URL: https://vgi.krtk.hu/publikacio/nr-235-2017-11/
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    References listed on IDEAS

    as
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    3. Barend de Beer, 2017. "South Africa's experience with capital flows since the financial crisis - from measurement to analysis," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Assessing international capital flows after the crisis, volume 42, Bank for International Settlements.
    4. Saul Estrin & Klaus E. Meyer (ed.), 2004. "Investment Strategies in Emerging Markets," Books, Edward Elgar Publishing, number 3378.
    5. Grietjie Verhoef, 2019. "Latecomer Challenge: African Multinationals from the Periphery," Chapters, in: George Yungchih Wang (ed.), Globalization, IntechOpen.
    6. Augustin Kwasi Fosu, 2013. "Achieving Development Success: Strategies and Lessons from the Developing World," WIDER Working Paper Series wp-2013-027, World Institute for Development Economic Research (UNU-WIDER).
    7. Fosu, Augustin Kwasi, 2013. "Achieving Development Success: Strategies and Lessons from the Developing World," WIDER Working Paper Series 027, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    FDI; internationalisation; South African MNEs;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages

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