January 2021

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

Key takeaways:

  • The leading business indicator was up 4.5% for October 2020 in comparison to October 2019.
  • The growth in money supply — the total value of money available in the economy — in November 2020 was 8.18%, compared to 6.49% in November 2019.
  • Equities net purchases/sales by foreigners for January-November 2020 reached -R136.9 billion, compared to -R111.9 billion for January-November 2019. Bonds net purchases/sales by foreigners reached -R66.6 billion compared to -R29.4 billion for the same period.
  • The average gold price per ounce for 2020 was $1 770, compared to $1 392 in 2019. The average platinum price per ounce was $885 compared to $863 for the same period.
  • The average crude oil price (brent/barrel) in 2020 was $41.83, compared to $64.39 in 2019.
  • South Africa recorded a merchandise trade surplus of R238.3 billion for January-November 2020, compared to a surplus of R9.2 billion for January-November 2019.
  • Total vehicles sold were down 29.1% for 2020, compared to 2019. Vehicles exported were down 29.8% and tractors sold were up 8.9% for the same period.
  • The volume of manufacturing production for January-November 2020 was down 11.9%, compared to January-November 2019. The volume of mining production was down 12.8% for January-October 2020 compared to January-October 2019.

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