January 2020

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

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)