South Africa Set to Receive $15 Billion From Saudi Arabia Investment

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The negotiations concerning the partnership have been in talks since 2018. The recent visit by the President gave him the opportunity to resume the conversation concerning the investment and move on to the closing of the deal which will see the Saudi government invest a total of $15 billion into South Africa.

This financial relationship has borne some fruit before as over the past 4 years Saudi Arabia has invested a total of a billion dollars into the South African economy. By the look of their previous commitment, we can almost guarantee that this investment is bound to commence as planned. This investment is meant to boost production in industries on which the economy is very dependent such as tourism and mining, and is also meant to supplement emerging industries such as renewable energy, etc.

This investment may also change investment sediment in the country. It has been theorized that South Africa may be attributed to junk status due to the recent economic challenges and setbacks it has faced partly due to improper management of business and state resources. The country may be labeled to be an investment risk which is bound to affect investor sediment. This investment may change this sediment as we may see growth in the South African Economy.

Due to this announcement, we should expect volatility in the market in the coming weeks. The rand is bound to gain some of the strength it has lost over the past few weeks. For those who have entered long-term short positions, this may be the opportunity you have to secure profits where ever you can as the markets may be turning around.