South Africa's net international investment position rises to R2 537 billion

South Africa’s positive net international investment position (IIP) increased from a revised R2 028 billion at the end of December 2023 to R2 537 billion at the end of March 2024. The increase in the positive net IIP in the first quarter of 2024 was due to a significant increase in foreign assets, mainly emanating from strong growth in foreign share market indices, while foreign liabilities decreased during the period.