August 2020

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

Key takeaways:

  • The SA Chamber of Commerce and Industry (SACCI) Business Con­fidence Index for July 2020 was up 1.4 index points since June 2020.
  • The growth in money supply – the total value of money available in the economy – in June 2020 was 11.07%, compared to 8.97% in June 2019.
  • Equities net purchases/sales by foreigners for January-July 2020 reached -R62.9 billion, compared to -R41.6 billion in January-July 2019. Bonds net purchases/sales by foreigners reached -R61.7 billion compared to R7.4 billion for the same period.
  • The average gold price per ounce for July 2020 was $1 842, compared to $1 414 in July 2019. The average platinum price per ounce was $862 compared to $843 for the same period.
  • The crude oil price (brent/barrel) in July 2020 was $43.26, compared to $64.39 in July 2019.
  • South Africa recorded a merchandise trade surplus of R63.1 billion for January-June 2020, compared to a de­ficit of R4.7 billion for January-June 2019.
  • Vehicles exported were down 38.5% for January-July 2020, compared to January-July 2019. Tractors sold were down 3.1% for the same period.
  • Manufacturing production (volume) for January-June 2020 was down 18.2%, compared to January-June 2019. 

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