South Africa's foreign direct investment (FDI) inflows has dropped by 70% in 2010 when compared with 2009, according to Professor Stephen Gelb of the University of Johannesburg.

He was speaking on Tuesday at the launch of the United Nations Conference on Trade and Development (Unctad) World Investment Report 2011 in Johannesburg.

South Africa had also been placed tenth on Africa's top 10 recipients of FDI inflows in 2010, compared with fourth place in 2009.

Full story from M&G here.

The multi-million dollar question that isn't answered in that article though, is why?