Over the three year period from the beginning of 1994 up to the end of 1996, the total net inflow of capital, that is taking account of non-resident capital inflows and resident capital outflows, showed a net gain for South Africa of almost R30 billion.
The substantial capital inflows into South Africa therefore enabled us to achieve our objectives with the replenishment of the official foreign reserves, and the gradual relaxation of the exchange controls. The future programme with the removal of the remaining exchange controls will, as over the past three-and-a-half years, be very dependent on a continuation of net capital inflows from the rest of the world.