Last week, foreign investors were net buyers of R4 billion in South African bonds, the latest JSE data shows. That followed two previous weeks of solid buying, with foreigners also net buyers of billions in local bonds during that time.
What this could mean is that the demand for SA bonds should make it cheaper for our government to borrow money ultimately easing the load on taxpayers.. But is this buying sustainable?
Over the past three weeks, foreigners have piled into South African bonds as they search for higher yields.
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