... buying inflows to reduce the NOFP Nonetheless, in certain cases involving large one-off inflows of FDI, the SARB may have sufficient prior information to make an assessment as to whether the inflow ... considering buying inflows of capital, the central bank may wish to know the likelihood of that type of inflow being repeated over a given period of time To test for persistence, we examined the ... -2- The Volatility of Capital Flows in South Africa: Some Empirical Observations I SUMMARY AND CONCLUSIONS In the past several years, South Africa has taken a number of steps, such...