**Author details**

The vector error correction equation is given as

þ208*:*6206 � Δ*OILt*�<sup>1</sup> þ 2744*:*589

888851*:*0584Þ is the error correction term.

*Vector error correction model coefficients.*

*Regional Development in Africa*

**4.2 Summary**

**Table 4.**

declines.

**22**

years understudy.

Δ*FDI* ¼ �0*:*0225 � ð*FDIt*�<sup>1</sup> � 1491*:*3433 � *EXRATEt*�<sup>1</sup> � 10923*:*0039 � *OILt*�<sup>1</sup> þ888851*:*0584Þ þ 0*:*8878 � Δ*FDIt*�<sup>1</sup> þ 1*:*0943 � Δ*EXRATEt*�<sup>1</sup>

where ð*FDIt*�<sup>1</sup> � 1491*:*3433 � *EXRATEt*�<sup>1</sup> � 10923*:*0039 � *OILt*�<sup>1</sup>þ

To reiterate, South Africa's appeal has improved; however, in contrast with other developing countries, South Africa has not been attracting FDI. The question at hand was "what method can South Africa use to draw more FDI?" This is a very important question, in light of the fact that FDI can play a major role in the

continent's development. FDI can fortify household speculation, encourage innovation exchange, make business, advance fares and, most importantly, produce financial growth. The part of FDI as a wellspring of wealth is especially critical in South Africa, in a setting where net official development assistance to the country

This section analysed FDI and its determinants. The descriptive statistics showed

that the mean values of the variables are all positive, ranging from 50.762 to 783,438.3, with oil price being the lowest and FDI being the highest. This can be interpreted by saying that South Africa has experienced more FDI inflows over the

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Garebangwe Victoria Mabe-Madisa Department of Decision Sciences, University of South Africa, Pretoria, South Africa

\*Address all correspondence to: mabemgv@unisa.ac.za

© 2019 The Author(s). Licensee IntechOpen. This chapter is distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/ by/3.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
