November 2021

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

Key takeaways:

  • The Leading Business Indicator in August 2021 was up 0.7% compared to July 2021.
  • The headline inflation rate for October 2021 was up 5.0% compared to October 2020, with core inflation up 3.2% for the same period.
  • The growth in money supply — the total value of money available in the economy — in September 2021 was 4.01%, compared to 9.45% in September 2020.
  • Equities net purchases/sales by foreigners for January-October 2021 reached -R108.5 billion, compared to -R120.6 billion for January-October 2020. Bonds net purchases/sales reached -R115.7 billion compared to -R81.6 billion for the same period.
  • The average gold price per ounce in October 2021 was $1 777, compared to $1 901 in October 2020. The average platinum price per ounce was $1 023 compared to $874 for the same period.
  • The average crude oil price (brent/barrel) in October 2021 was $83.70, compared to $40.12 in October 2020.
  • South Africa recorded a merchandise trade surplus of R352.2 billion for January-September 2021, compared to a surplus of R167.6 billion for January-September 2020.
  • Total vehicles sold were up 27.2% for January-October 2021, compared to January-October 2020. Vehicles exported were up 12.0% and tractors sold were up 29.3% for the same period.
  • The volume of manufacturing production for January[1]September 2021 was up 10.4%, compared to January-September 2020. The volume of mining production was up 13.5% for the same period.

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