March 2021

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

Key takeaways:

  • The RMB/BER Business Confidence Index was down 5 points for Q1 2021 since Q4 2020.
  • The growth in money supply — the total value of money available in the economy — in January 2021 was 9.15%, compared to 7.12% in January 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 by foreigners reached R-16.4 billion compared to R1.5 billion for the same period.
  • The average gold price per ounce for February 2021 was $1 811, compared to $1 598 in February 2020. The average platinum price per ounce was $1 213 compared to $958 for the same period.
  • The average crude oil price (brent/barrel) in February 2021 was $61.97, compared to $55.64 in February 2020.
  • South Africa recorded a merchandise trade surplus of R11.8 billion for January 2021, compared to a deficit of R2.7 billion for January 2020.
  • Total vehicles sold were down 13.8% for January-February 2021, compared to January-February 2020. Vehicles exported were up 8.0% and tractors sold were up 28.1% for the same period.
  • The volume of manufacturing production in January 2021 was down 3.4%, compared to January 2020. The volume of mining production was down 6.2% for the same period.

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