February 2021

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

Key takeaways:

  • The leading business indicator was up 9.8% for November 2020 in comparison to November 2019.
  • The growth in money supply — the total value of money available in the economy — in December 2020 was 6.15%, compared to 5.56% in December 2019.
  • Equities net purchases/sales by foreigners for January 2021 reached R4.9 billion, compared to -R6.5 billion for January 2020. Bonds net purchases/sales by foreigners reached R9.0 billion compared to R7.2 billion for the same period.
  • The average gold price per ounce for January 2021 was $1 868, compared to $1 574 in January 2020. The average platinum price per ounce was $1 087 compared to $991 for the same period.
  • The average crude oil price (brent/barrel) for January 2021 was $54.70, compared to $63.38 in January 2020.
  • South Africa recorded a merchandise trade surplus of R270.6 billion for 2020, compared to a surplus of R23.7 billion for 2019.
  • Total vehicles sold were down 13.9% for January 2021, compared to January 2020. Vehicles exported were up 39.7% and tractors sold were up 27.9% for the same period.
  • The volume of manufacturing production in 2020 was down 11.0%, compared to 2019. The volume of mining production was down 11.8% for January-November 2020 compared to January-November 2019.

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