The following are the various sources for the demand of US dollars in South Africa except:

Question

South African investors selling foreign assets

South African importers paying in US dollars

South African residents purchasing US assets

American investors selling South African assets

Answer 1

The source that does not contribute to the demand for US dollars in South Africa is:

American investors selling South African assets.

This action would involve the conversion of South African rand to US dollars, which would not create a demand for US dollars; rather, it would generally increase the supply of US dollars in South Africa as Americans convert their holdings. The other options listed involve South Africans needing to obtain US dollars for various reasons, thus creating demand.