HC Deb 26 May 1988 vol 134 c243W
Mr. John Marshall

To ask the Chancellor of the Duchy of Lancaster what has been the level of British disinvestment from South Africa since January 1983.

Mr. Alan Clark

The latest available information in complete detail, on United Kingdom net direct investment in South Africa since 1983, is as follows. There is no information on United Kingdom portfolio investment abroad, by country.

United Kingdom investment in South Africa (1983–86) by component
£ million
19831 1984 1985 1986
Unremitted profits 362 180 174 73
Acquisition of overseas companies share and loan capital 11 6 22 16
Disposal of overseas companies share and loan capital 91 42 8 47
Net change in inter-company and branch/head office accounts 15 -24 12 43
Net direct investment 296 120 199 86
Source: Overseas Transactions Inquiry.
1Excludes oil companies.

Note: Components may not sum to the total because of rounding.