Although the country generally experienced an inflow of capital from the rest  2  BIS Review 69/2004  of the world, the magnitude of these inflows varied considerably from year to year.
For example, a net financial inflow of about R29 billion in 1998 was followed by inflows of just more than R7 billion in each of the next two years, before these inflows increased again to about R30 billion in 2002 and R63 billion in 2003. Most emerging-market economies now seem to experience large and volatile capital movements.