September 2020

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

Key takeways:

  • The leading business indicator was down 9.1% for June 2020 in comparison to June 2019.
  • The growth in money supply – the total value of money available in the economy – in July 2020 was 10.46%, compared to 8.26% in July 2019.
  • Equities net purchases/sales by foreigners for January-August 2020 reached -R88.7 billion, compared to -R63.1 billion for January-August 2019. Bonds net purchases/sales by foreigners reached -R66 billion compared to -R24.7 billion for the same period.
  • The average gold price per ounce for August 2020 was $1 970, compared to $1 498 in August 2019. The average platinum price per ounce was $944 compared to $863 for the same period.
  • The crude oil price (brent/barrel) in August 2020 was $44.70, compared to $59.21 in August 2019.
  • South Africa recorded a merchandise trade surplus of R95.6 billion for January-July 2020, compared to a deficit of R8.6 billion for January-July 2019.
  • Total vehicles sold were down 34.6% for January-August 2020, compared to January-August 2019. Vehicles exported were down 40% and tractors sold were down 2.7% for the same period.
  • The volume of manufacturing production for January-July 2020 was down 17.1%, compared to January-July 2019. The volume of mining production was down 17.8% for the same period.

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