South Africa - a re-emerging player in outward FDI
Judit Kiss ()
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Judit Kiss: Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences
No 235, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies
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.
Keywords: FDI; internationalisation; South African MNEs (search for similar items in EconPapers)
JEL-codes: F21 F23 P45 (search for similar items in EconPapers)
Pages: 44 pages
New Economics Papers: this item is included in nep-afr and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:iwe:workpr:235
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