TIPS FDI Tracker - Top Five Sources of FDI in South Africa May 2025

Foreign direct investment (FDI) remains a critical source of capital and technology transfer for South Africa. As of 2023, the top five sources of FDI are the United Kingdom, the Netherlands, Belgium, the United States, and Germany. These countries collectively account for over R1.4 trillion in inward FDI stock. This brief outlines recent trends and sectoral dynamics across these leading investor countries, drawing on data from the South African Reserve Bank (SARB) and the Trade & Industrial Policy Strategies (TIPS) FDI Tracker.