May 2021

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

Key takeaways:

  • The RMB/BER Business Confidence Index was down 5 points in Q1 2021 from Q4 2020.
  • The headline inflation rate for April 2021 was up 4.4% compared to April 2020, with core inflation up 3.0% for the same period.
  • The growth in money supply — the total value of money available in the economy — in March 2021 was 3.62%, compared to 9.51% in March 2020.
  • Equities net purchases/sales by foreigners for January-March 2021 reached -R9.2 billion, compared to -R27.1 billion for January-March 2020. Bonds net purchases/sales reached -R28.7 billion compared to -R54.1 billion for the same period.
  • The average gold price per ounce in April 2021 was $1 760, compared to $1 681 in April 2020. The average platinum price per ounce was $1 207 compared to $756 for the same period.
  • The average crude oil price (brent/barrel) in April 2021 was $64.58, compared to $18.68 in April 2020.
  • South Africa recorded a merchandise trade surplus of R96.6 billion for January-March 2021, compared to a surplus of R31.7 billion for January-March 2020.
  • Total vehicles sold were up 28.3% for January-April 2021, compared to January-April 2020. Vehicles exported were up 48.3% and tractors sold were up 27.5% for the same period.
  • The volume of manufacturing production for January-March 2021 was down 0.5%, compared to January-March 2020. The volume of mining production was up 3.1% for the same period.

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