Markets Actual Q3 Q4 Q1 Q2 2020
Currency 15.39 14.52 14.71 14.9 15.1 15.5
Government Bond 10Y (%) 8.43 8.4 8.47 8.54 8.61 8.76
Stock Market (points) 54446.73 54513 53812 53116 52431 51089
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -3.20 0.8 1.6 -0.2 2 1.8
GDP Annual Growth Rate (%) 0.00 0.8 1 0.9 1.3 1.8
Unemployment Rate (%) 29.00 28.5 27.4 26.9 27.5 28.3
Inflation Rate (%) 4.50 5.1 4.5 4.7 4.8 5.1
Inflation Rate Mom (%) 0.40 0.4 0.5 0.3 0.3 0.4
Interest Rate (%) 6.50 6.5 6.5 6.5 6.5 6.5
Balance of Trade (ZAR Million) 4419.50 -5000 16500 6500 0 -1258
Current Account to GDP (%) -3.50 -3.4 -3.4 -3.7 -3.7 -3.7
Government Debt to GDP (%) 55.80 56.3 56.3 56.6 56.6 56.6
Government Budget (% of GDP) -4.40 -4.7 -4.7 -4.5 -4.5 -4.5
Business Confidence (Index Points) 28.00 24 20 25 27 28
Manufacturing PMI 52.10 49.7 50.5 46.4 47.4 50.6
Consumer Confidence (Index Points) 5.00 3 6 3 7 8
Retail Sales MoM (%) 0.30 -0.3 -4.6 0.4 1 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -3.20 0.8 1.6 -0.2 2 1.8
GDP Annual Growth Rate (%) 0.00 0.8 1 0.9 1.3 1.8
GDP (USD Billion) 366.30 405 405 420 420 420
GDP Constant Prices (ZAR Million) 3133613.50 3173540 3192157 3161816 3174350 3249616
Gross National Product (ZAR Million) 3109703.00 3124791 3127669 3137690 3150129 3183967
Gross Fixed Capital Formation (ZAR Million) 597800.80 613408 610764 603181 605572 621758
GDP per capita (USD) 7432.90 7490 7490 7550 7550 7550
GDP per capita PPP (USD) 12143.47 12350 12350 12395 12395 12395
GDP From Agriculture (ZAR Million) 71198.35 72958 74497 71839 72124 75838
GDP From Construction (ZAR Million) 106790.38 108436 108470 107751 108179 110423
GDP From Manufacturing (ZAR Million) 384990.99 392746 397894 388456 389996 405056
GDP From Mining (ZAR Million) 220907.55 231326 229564 222896 223779 233696
GDP From Public Administration (ZAR Million) 480794.59 483941 484126 485122 487045 492841
GDP From Services (ZAR Million) 647668.90 646824 652388 653498 656089 664131
GDP From Transport (ZAR Million) 275505.11 275673 281409 277985 279087 286474
GDP From Utilities (ZAR Million) 64870.47 66542 66707 65454 65714 67908
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 29.00 28.5 27.4 26.9 27.5 28.3
Unemployed Persons (Thousand ) 6655.30 6290 6150 6220 6125 6300
Wages (ZAR/Month) 20855.00 21336 21000 21000 21000 21600
Wages in Manufacturing (ZAR/Month) 18167.00 18540 18500 18500 18500 19000
Population (Million) 57.73 59 58.62 59.51 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 Low Skilled (ZAR/Month) 4380.00 3929 3838 3746 3746 4157
Wages High Skilled (ZAR/Month) 22600.00 20734 22100 22100 22100 23200
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 (%) 42.44 43.2 43.5 43.6 43 45.12
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 4.50 5.1 4.5 4.7 4.8 5.1
Inflation Rate Mom (%) 0.40 0.4 0.5 0.3 0.3 0.4
Consumer Price Index CPI (Index Points) 112.40 114 114 116 118 120
Core Consumer Prices (Index Points) 111.70 113 114 117 117 120
Core Inflation Rate (%) 4.30 4.3 4.8 5 4.7 4.9
Producer Prices (Index Points) 114.00 117 117 118 120 123
Producer Prices Change (%) 5.80 6.3 6 5.6 5.3 5
Food Inflation (%) 3.70 3.3 3.5 3.3 3.1 5.2
CPI Housing Utilities (Index Points) 111.20 115 115 115 117 121
CPI Transportation (Index Points) 116.30 118 118 117 122 124
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 6.50 6.5 6.5 6.5 6.5 6.5
Interbank Rate (%) 6.83 7.02 7.02 7.02 7.02 7.02
Deposit Interest Rate (%) 7.03 7.17 7.17 7.17 7.17 7.17
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (ZAR Million) 4419.50 -5000 16500 6500 0 -1258
Current Account to GDP (%) -3.50 -3.4 -3.4 -3.7 -3.7 -3.7
Crude Oil Production (BBL/D/1K) 1.00 1 2 2 2 3
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 55.80 56.3 56.3 56.6 56.6 56.6
Government Budget (% of GDP) -4.40 -4.7 -4.7 -4.5 -4.5 -4.5
Government Budget Value (ZAR Million) 37586.00 -19695 31309 31309 31309 1391262
Government Spending (ZAR Million) 645563.00 647569 649879 651373 653955 661577
Taxes Actual Q3 Q4 Q1 Q2 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 2 2 2
Social Security Rate For Employees (%) 1.00 1 1 1 1 1
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 28.00 24 20 25 27 28
Manufacturing PMI 52.10 49.7 50.5 46.4 47.4 50.6
Industrial Production (%) -3.20 1.3 0.4 -1.2 1.5 1
Industrial Production Mom (%) -1.50 -0.9 0.7 0.6 0.6 0.5
Total Vehicle Sales 46077.00 49000 39500 45500 42300 42000
Leading Economic Index (%) -0.50 -0.6 0.2 -0.7 0.6 0.9
Mining Production (%) -4.20 -1.6 -3 -1.4 1.3 1.2
Coincident Index (Index Points) 92.00 92.2 93.4 94.5 93.7 94
Composite Pmi 48.40 50.4 49.3 48.7 50 49.6
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 5.00 3 6 3 7 8
Retail Sales MoM (%) 0.30 -0.3 -4.6 0.4 1 0.6
Retail Sales YoY (%) 2.40 1.8 -0.8 1.2 2.3 0.6
Consumer Spending (ZAR Million) 1946237.00 1950548 1969863 1963753 1971538 2005320
Private Sector Credit (%) 6.91 6.3 5.5 5.7 5.4 5.7
Bank Lending Rate (%) 10.00 10 10 10 10 10
Gasoline Prices (USD/Liter) 1.11 1.08 1.05 1.03 1 1


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.