February 2020

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

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)