March 2020

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

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)