2020

May 2020

May 2020

The CRA's Fast Stats provides data-driven insights into current political and economic trends.
Read more

Key takeaways:

  • The SA Chamber of Commerce and Industry (SACCI) Business Confidence Index for April 2020 was down 12.1 index points since March 2020.
  • The headline inflation rate for March 2020 was 4.1%, with core inflation at 3.7%. The increase in total administered (non-market) prices was 6.8% for that period.
  • The growth in money supply — the total value of money available in the economy — in March 2020 was 9.49%, compared to 8.74% in March 2019.
  • Equities net purchases/sales by foreigners were at -R32.6 billion for January—April 2020, compared to –R26.7 billion in January—April 2019. Bonds net purchases/sales by foreigners were at –R63.0 billion in January-April 2020, compared to R25.6 billion in January-April 2019.
  • The average gold price per ounce for April 2020 was $1 682, compared to $1 287 in April 2019. The average platinum price per ounce was $756 compared to $885 for the same period.
  • The crude oil price (brent/barrel) in April 2020 was $18.68, compared to $71.36 in April 2019.
  • South Africa recorded a merchandise trade surplus of R12.1 billion for January-March 2020, compared to a trade deficit of R27.0 billion for January- March 2019.
  • Vehicles exported were down 35.6% for January-April 2020, compared to January- April 2019. Tractors sold were down 14.3% for the same period.
  • The use of manufacturing production capacity for February 2020 was 79.3%, compared to 80.8% in February 2019.
  • The number of working days lost to strikes for January to March 2020 stood at just 10 000, compared to 1 060 000 for January to March 2019.

Full Report (PDF)

April 2020

April 2020

The CRA's Fast Stats provides data-driven insights into current political and economic trends.
Read more

Key takeaways

  • The leading business indicator was down 0.7% for January 2020 in comparison to the same period in 2019.
  • The headline inflation rate for February 2020 was 4.6%, with core inflation at 3.8%. The rise in total administered (non-market) prices was 8.8% for that period.
  • The growth in money supply — the total value of money available in the economy — in February 2020 was 7.69%, compared to 5.28% in February 2019.
  • Equities net purchases/sales by foreigners were at -R27.1 billion for January-March 2020, compared to -R24.7 billion for January-March 2019. Bonds net purchases/sales by foreigners were at -R54.0 billion compared to R19.0 billion for the same period.
  • The average gold price per ounce for March 2020 was $1 593, compared to $1 302 in March 2019, while the average platinum price per ounce was $761 compared to $840 for the same period.
  • The crude oil price (brent/barrel) in March 2020 was $32.81, compared to $66.15 in March 2019.
  • South Africa recorded a merchandise trade deficit of R11.4 billion for January-February 2020, compared to a deficit of R9.4 billion for January-February 2019.
  • Vehicles exported were down 12.8% for January-March 2020, compared to January-March 2019. Tractors sold were down 17.4% for the same period.
  • Real Gross Fixed Capital Formation (GFCF) was at 17.9% of the Gross Domestic Product (GDP) in 2019, compared to 18.2% in 2018.
  • Household debt to disposable income was 72.8% in 2019, compared to 72.0% in 2018.

Full Report (PDF)

March 2020

March 2020

The CRA's Fast Stats provides data-driven insights into current political and economic trends.
Read more

Key takeaways

  • The leading business indicator was down 0.4% in December 2019 compared to the same period in 2018.
  • The headline in­flation rate for January 2020 was 4.5%, with core in­flation at 3.7%. The increase in total administered (non-market) prices was 9.2% for that period.
  • The growth in money supply — the total value of money available in the economy — in January 2020 was 7.02%, compared to 5.06% in January 2019.
  • Equities net purchases/sales by foreigners were at -R6.5 billion in January 2020, compared to -R14.9 billion in January 2019. Bonds net purchases/sales by foreigners amounted to R7.2 billion in January 2020, compared to R12.5 billion in January 2019.
  • The average gold price per ounce for February 2020 was $1 598, compared to $1 320 in February 2019, while the average platinum price per ounce was $958 compared to $816 for the same period.
  • The crude oil price (brent/barrel) in February 2020 was $55.64, compared to $64.05 in February 2019.
  • South Africa recorded a merchandise trade deficit of R1.9 billion in January 2020, compared to a de­ficit of R12.6 billion in January 2019.
  • Vehicles exported were down 18.6% for the period January–February 2020 compared to January–February 2019. Tractors sold were down 10.5% over the same period.

Full Report (PDF)

February 2020

February 2020

The CRA's Fast Stats provides data-driven insights into current political and economic trends.
Read more

Key takeaways:

  • The leading business indicator is down 0.9% for November 2019 in comparison to the same period in 2018.
  • GDP per head (annualised, adjusted) for Q3 2019 was R87 095.
  • The headline inflation rate for 2019 was 4.1%, with core inflation also at 4.1%. The increase in total administered prices was 5.7% for that period.
  • The growth in money supply — the total value of money available in the economy — in December 2019 was 6.19%, compared to 5.56% in 2018.
  • Equities net purchases/sales by foreigners were at -R114.2 billion for 2019 compared to -R53.0 billion in 2018. Bonds net purchases/sales by foreigners were at -R22.1 billion in 2019 compared to -R108.6 billion in 2018.
  • The average gold price per ounce for January 2020 was $1 561, compared to $1 292 in January 2019, while the average platinum price per ounce was $987 compared to $807 for the same period.
  • South Africa recorded a merchandise trade surplus of R24.7 billion in 2019, compared to R15.2 billion in 2018.
  • Vehicles exported were down 37.7% in January 2020 compared to January 2019. Tractors sold were down 14.2% over the same period.

Full Report (PDF)

January 2020

January 2020

The CRA's Fast Stats provides data-driven insights into current political and economic trends.
Read more

Key takeaways:

  • South African employers have “soft” hiring intentions for Q1 2020, the weakest outlook in 5 years.
  • Consumer confidence remained at a two-year low during Q4 2019.
  • Year-on-year growth in nominal house prices averaged just 4.1% in 2019, compared to 5.5% in 2018.
  • On 16 January 2020, the Reserve Bank’s Monetary Policy Committee (MPC) announced its decision to reduce the repurchase (repo) rate by 25 basis points, to 6.25%.
  • South Africa recorded a trade surplus of R10.5 billion for January to November 2019, compared to a deficit of R1.2 billion over the same period in 2018.
  • The leading business indicator is down 1.6% for October 2019 in comparison to the same period in 2018.

Full Report (PDF)