November 2020

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

Key takeaways:

  • The leading business indicator was down 0.6% for August 2020 in comparison to August 2019.
  • The growth in money supply — the total value of money available in the economy — in September 2020 was 9.48%, compared to 6.16% in September 2019.
  • Equities net purchases/sales by foreigners for January-October 2020 reached -R121.8 billion, compared to -R96.3 billion for January-October 2019. Bonds net purchases/sales by foreigners reached -R82.3 billion compared to -R30.5 billion for the same period.
  • The average gold price per ounce for October 2020 was $1 901, compared to $1 495 in October 2019. The average platinum price per ounce was $874 compared to $897 for the same period.
  • The crude oil price (brent/barrel) in October 2020 was $40.12, compared to $59.78 in October 2019.
  • South Africa recorded a merchandise trade surplus of R167.5 billion for January-September 2020, compared to a surplus of R0.5 billion for January-September 2019.
  • Total vehicles sold were down 32.5% for January-October 2020, compared to January-October 2019. Vehicles exported were down 35.3% and tractors sold were down 4.9% for the same period.
  • The volume of manufacturing production for January-September 2020 was down 14.4%, compared to January-September 2019. The volume of mining production was down 13.5% for the same period.

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