April 2021

The CRA's Fast Stats provides data-driven insights into current political and economic trends.
April 2021

Key takeaways:

  • The Sacci Business Confidence Index was down 0.3 points in March 2021, compared to February 2021.
  • The headline inflation rate for February 2021 was up 2.9% compared to February 2020, with core inflation up 2.6% for the same period.
  • The growth in money supply — the total value of money available in the economy — in February 2021 was 7.48%, compared to 7.79% in February 2020.
  • Equities net purchases/sales by foreigners for January-February 2021 reached R-10.5 billion, compared to -R11.2 billion for January-February 2020. Bonds net purchases/sales reached R-16.4 billion compared to R1.5 billion for the same period.
  • The average gold price per ounce in March 2021 was $1 720, compared to $1 593 in March 2020. The average platinum price per ounce was $1 177 compared to $761 for the same period.
  • The average crude oil price (brent/barrel) in March 2021 was $65.53, compared to $32.81 in March 2020.
  • South Africa recorded a merchandise trade surplus of R41.4 billion for January-February 2021, compared to a surplus of R10.3 billion for January-February 2020.
  • Total vehicles sold were down 0.9% for January-March 2021, compared to January-March 2020. Vehicles exported were up 16.8% and tractors sold were up 28.7% for the same period.
  • The volume of manufacturing production for January-February 2021 was down 3.1%, compared to January-February 2020. The volume of mining production was down 3.9% for the same period.
  • Real Gross Fixed Capital Formation (GFCF) accounted for 15.8% of the Gross Domestic Product (GDP) in 2020, compared to 17.9% in 2019.

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