April 2020

The CRA's Fast Stats provides data-driven insights into current political and economic trends.
April 2020

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.

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