![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/12\/image-69.png\")
<\/a><\/figure>\n\n\n\nTheir net buying of domestic shares traded on the Johannesburg Stock Exchange totaled 4.1 billion rand compared with net disposals of 33 billion rand in the second quarter. The net purchases were the first since the first three months of 2022.<\/p>\n\n\n\n
South African stocks experienced the strongest third quarter in 11 years, and analysts tracked by Bloomberg expect momentum to hold over the next 12 months.<\/p>\n\n\n\n
Market sentiment in South Africa has improved since the African National Congress aligned with nine rivals \u2014 including the business-friendly Democratic Alliance \u2014 after it lost its parliamentary majority in May elections. <\/p>\n\n\n\n
The new political arrangement has pledged to prioritize economic growth, invest in infrastructure and implement key structural reforms in the country\u2019s energy, logistics and local government sectors.<\/p>\n\n\n\n
These are some of the other highlights from the Quarterly Bulletin:<\/p>\n\n\n\n
- \n
- Foreign direct investment outflow totaled 3.2 billion rand in the third quarter, compared with inflows of 16.6 billion rand in the prior three months, as the repayment of loans by domestic subsidiaries outweighed non-resident parent entities\u2019 equity investment in the units. It was the first outflow since the third quarter of 2020.<\/li>\n\n\n\n
- Household debt as a ratio of disposable income rose to 62.4% in the third quarter from 61.8% in the prior three months.<\/li>\n\n\n\n
- South Africa\u2019s total external debt increased significantly from $158.3 billion at the end of March to $163.8 billion at the end of June.<\/li>\n<\/ul>\n\n\n\n