Markets Actual Q2 Q3 Q4 Q1 2020
Currency 14.80 14.73 14.94 15.14 15.34 15.76
Government Bond 10Y (%) 8.38 8.61 8.69 8.76 8.84 9
Stock Market (points) 58193.78 54894 54148 53413 52684 51262
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) -3.20 -1 0.8 1.6 -0.2 1.8
GDP Annual Growth Rate (%) 0.00 0.6 0.9 1 0.9 1.8
Unemployment Rate (%) 27.60 27.8 28 27.6 28.3 28
Inflation Rate (%) 4.40 4.6 5.1 4.5 4.7 5.1
Inflation Rate Mom (%) 0.60 0.6 0.4 0.5 0.3 0.4
Interest Rate (%) 6.75 6.75 6.5 6.5 6.75 6.75
Balance of Trade (ZAR Million) -3427.45 6200 -5000 16500 6500 -1258
Current Account to GDP (%) -3.50 -3.4 -3.4 -3.4 -3.8 -3.8
Government Debt to GDP (%) 55.80 56.3 56.3 56.3 56.6 56.6
Government Budget (% of GDP) -4.40 -4.7 -4.7 -4.7 -4.5 -4.5
Business Confidence (Index Points) 28.00 25 30 32 30 40
Manufacturing PMI 45.40 49 51 52 53 54
Consumer Confidence (Index Points) 5.00 -5 3 6 3 8
Retail Sales MoM (%) 0.80 -0.4 -0.3 -4.8 0.4 0.6
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) -3.20 -1 0.8 1.6 -0.2 1.8
GDP Annual Growth Rate (%) 0.00 0.6 0.9 1 0.9 1.8
GDP (USD Billion) 349.42 405 405 405 420 420
GDP Constant Prices (ZAR Million) 3133613.50 3144588 3165165 3193338 3190176 3250818
Gross National Product (ZAR Million) 3096702.00 3084095 3113941 3127669 3124572 3183967
Gross Fixed Capital Formation (ZAR Million) 597800.80 611476 611279 610764 610159 621758
GDP per capita (USD) 7524.51 7640 7640 7640 7700 7700
GDP per capita PPP (USD) 12294.88 12350 12350 12350 12395 12395
GDP From Agriculture (ZAR Million) 71198.35 70295 72704 74497 74424 75838
GDP From Construction (ZAR Million) 106790.38 108366 108059 108470 108363 110423
GDP From Manufacturing (ZAR Million) 384990.99 383800 391383 397894 397500 405056
GDP From Mining (ZAR Million) 220907.55 235602 230523 229564 229337 233696
GDP From Public Administration (ZAR Million) 480794.59 479231 482261 484126 483647 492841
GDP From Services (ZAR Million) 647668.90 645798 650438 652388 651742 664131
GDP From Transport (ZAR Million) 275505.11 269836 274716 281409 281130 286474
GDP From Utilities (ZAR Million) 64870.47 66087 66311 66707 66641 67908
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 27.60 27.8 28 27.6 28.3 28
Unemployed Persons (Thousand ) 6200.00 6200 6290 6150 6220 6300
Wages (ZAR/Month) 21190.00 21336 21703 21000 21000 21600
Wages in Manufacturing (ZAR/Month) 18510.00 18540 18799 18500 18500 19000
Population (Million) 57.73 59 59 58.62 59.51 59.51
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 60.00 60 60 60 60 60
Wages High Skilled (ZAR/Month) 22600.00 20734 20815 22100 22100 23200
Wages Low Skilled (ZAR/Month) 4380.00 3929 3838 3746 3746 4157
Living Wage Family (ZAR/Month) 11300.00 10500 10500 10500 10500 10630
Living Wage Individual (ZAR/Month) 6570.00 6630 6630 6630 6630 6700
Employment Rate (%) 42.56 43.1 43.2 43.5 43.6 45.12
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 4.40 4.6 5.1 4.5 4.7 5.1
Inflation Rate Mom (%) 0.60 0.6 0.4 0.5 0.3 0.4
Consumer Price Index CPI (Index Points) 110.70 113 114 114 116 120
Core Consumer Prices (Index Points) 111.30 112 113 114 117 120
Core Inflation Rate (%) 4.10 4.3 4.3 4.8 5 4.9
Producer Prices (Index Points) 113.00 115 117 117 117 123
Producer Prices Change (%) 6.50 6.7 6.3 6 5.6 5
Food Inflation (%) 2.90 4 3.6 3.3 3.5 5.2
CPI Housing Utilities (Index Points) 110.40 111 115 115 115 121
CPI Transportation (Index Points) 114.80 115 118 118 117 124
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 6.75 6.75 6.5 6.5 6.75 6.75
Interbank Rate (%) 7.06 7.12 7.12 7.12 7.37 7.37
Deposit Interest Rate (%) 7.17 7.15 7.15 7.15 7.4 7.4
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (ZAR Million) -3427.45 6200 -5000 16500 6500 -1258
Current Account to GDP (%) -3.50 -3.4 -3.4 -3.4 -3.8 -3.8
Crude Oil Production (BBL/D/1K) 1.00 1 1 2 2 3
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 55.80 56.3 56.3 56.3 56.6 56.6
Government Budget (% of GDP) -4.40 -4.7 -4.7 -4.7 -4.5 -4.5
Government Budget Value (ZAR Million) -73147.00 2522 -19695 31309 31309 1391262
Government Spending (ZAR Million) 645563.00 643681 645321 649879 649236 661577
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 15.00 15 15 15 15 15
Social Security Rate (%) 2.00 2 2 2 2 2
Social Security Rate For Companies (%) 1.00 1 1 1 2 2
Social Security Rate For Employees (%) 1.00 1 1 1 1 1
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 28.00 25 30 32 30 40
Manufacturing PMI 45.40 49 51 52 53 54
Industrial Production (%) 4.60 1.5 1.3 0.4 -1.2 1
Industrial Production Mom (%) 2.80 0.5 -0.9 0.7 0.6 0.5
Total Vehicle Sales 40506.00 44000 48000 39500 43000 46000
Leading Economic Index (%) -0.40 0.6 -0.4 0.2 -0.7 0.9
Mining Production (%) -1.50 -1.82 -1.84 0.1 -1.4 1.2
Coincident Index (Index Points) 93.00 93.6 94 94 94.5 95
Composite Pmi 49.30 50.8 51.1 51.3 51.4 52
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 5.00 -5 3 6 3 8
Retail Sales MoM (%) 0.80 -0.4 -0.3 -4.8 0.4 0.6
Retail Sales YoY (%) 2.40 1.7 1.8 2.1 2.4 2.2
Consumer Spending (ZAR Million) 1946237.00 1938190 1943775 1969863 1967912 2005320
Private Sector Credit (%) 7.95 6.2 5.7 6.4 6 5.3
Bank Lending Rate (%) 10.25 10.25 10.25 10.25 10.5 10.5
Gasoline Prices (USD/Liter) 1.16 0.98 0.95 0.93 0.91 0.91


This page has economic forecasts for South Africa including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the South Africa economy.