NEW: Tripling of bond buying signals new faith in SA

A tripling of South African bond sales this year on Monday added to signs that investors' faith in its institutions has been somewhat restored following a court ruling against President Jacob Zuma and the appointment of a former finance minister.

Securities exchange figures showed foreign investors bought a net R30bn ($2bn) worth of South African debt in 2016, compared with R10bn in the same period last year.

The Treasury is flush with cash after a $1.25bn 10-year bond sale this month was two times oversubscribed, and bond yields have recouped heavy losses in December after Zuma fired his finance minister, raising fears of political interference.



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