# Foreign investors, including JPMorgan, Wells Fargo, and Franklin Resources, have sold 16.1-billion-rand in South African bonds in March. The decision is driven by concerns over deteriorating US relations and the potential loss of preferential trade status under the African Growth and Opportunity Act. The sell-off has sparked fears of sanctions, especially with speculation that strained ties could lead to economic penalties. Despite this, domestic investors, including Sanlam and Standard Bank, have stepped in, and some foreign investors, like Allianz and BlackRock, have increased their holdings.
Foreign investors sell SA bonds amid strained US ties