July 2019
The CRA is proud to present its new report, the Fast Stats, providing data-driven insights into current political and economic trends.
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Key takeaways:
- The total population has increased to 58.78 million people in 2019 from 57.73 million in 2018.
- The official unemployment rate rose to 29% in 2Q 2019 – up from 27.2% in 2Q 2018. Under this definition, 6.7 million South Africans are without work. However, under the expanded definition, unemployment stood at 38.5% or 10.2 million people for the same period.
- The headline inflation rate for June 2019 (year-on-year) stood at 4.5%, with core inflation at 4.3% over the same period. Total administered prices stood at 6.9% in June Real gross fixed capital formation (GFCF) continued to decline, falling 2.9% year-on-year in 1Q 2019.
- Equities net purchases/sales by foreigners went down R29.3 billion for January to June 2019 compared to the same period the previous year.
- Bonds net purchases/sales by foreigners are up R19 billion.