Investments from South Africa to India are also growing. South African Breweries acquired stakes in various Indian breweries. Other areas in which South African companies have invested include insurance, diamond exploration and infrastructure. In February 2006, Airports Company of South Africa (ACSA) won the contract for upgrading the Mumbai Airport.
In addition, premiums will be prevented from widening through the Bank’s massive purchases of JGBs with relatively longer maturities. However, under such unconventional policy, nominal interest rates are likely to face upward pressure as the effects of the policy start to appear, preceding the improvement in the economy and prices.