Markets Actual Q4 Q1 Q2 Q3 2020
Currency 14.83 15.31 15.49 15.67 15.86 16.24
Government Bond 10Y (%) 8.22 8.39 8.46 8.53 8.59 8.73
Stock Market (points) 55939.13 54129 53443 52764 52095 50782
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 3.10 1.3 -2 1.4 1.3 1.4
GDP Annual Growth Rate (%) 0.90 0.6 0.8 0.4 1 1.3
Unemployment Rate (%) 29.00 28.1 26.8 27.7 28.3 28
Inflation Rate (%) 4.30 4.2 5.3 4.9 5.2 5.1
Inflation Rate Mom (%) 0.30 0.5 0.4 0.4 0.6 0.5
Interest Rate (%) 6.50 6.5 6.5 6.25 6.25 6.25
Balance of Trade (ZAR Million) 6842.94 16500 6500 6500 0 -1258
Current Account to GDP (%) -3.60 -3.5 -3.7 -3.7 -3.7 -3.7
Government Debt to GDP (%) 55.80 56.3 56.8 56.8 56.8 56.8
Government Budget (% of GDP) -4.40 -4.7 -4.6 -4.6 -4.6 -4.6
Business Confidence (Index Points) 21.00 16 10 10 12 11
Manufacturing PMI 41.60 48 46.4 47.4 45 47
Consumer Confidence (Index Points) 5.00 3 -3 -5 4 -2
Retail Sales MoM (%) -0.90 -2 0.4 1 0.7 0.8
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 3.10 1.3 -2 1.4 1.3 1.4
GDP Annual Growth Rate (%) 0.90 0.6 0.8 0.4 1 1.3
GDP (USD Billion) 366.30 405 420 420 420 420
GDP Constant Prices (ZAR Million) 3156566.50 3179515 3158364 3169193 3188132 3220848
Gross National Product (ZAR Million) 3141802.00 3115282 3134581 3154369 3173220 3155781
Gross Fixed Capital Formation (ZAR Million) 607257.10 608345 603147 609686 613330 616254
GDP per capita (USD) 7432.90 7490 7550 7550 7550 7550
GDP per capita PPP (USD) 12143.47 12350 12395 12395 12395 12395
GDP From Agriculture (ZAR Million) 69690.51 74202 71007 69969 70387 75167
GDP From Construction (ZAR Million) 106423.38 108041 107705 106849 107488 109445
GDP From Manufacturing (ZAR Million) 386951.40 396318 388071 388499 390821 401471
GDP From Mining (ZAR Million) 228480.61 228655 222675 229395 230765 231628
GDP From Public Administration (ZAR Million) 486277.80 482209 486085 488223 491141 488478
GDP From Services (ZAR Million) 654270.43 649804 652850 656888 660813 658251
GDP From Transport (ZAR Million) 275280.76 280295 277709 276382 278034 283938
GDP From Utilities (ZAR Million) 65317.74 66443 65316 65579 65971 67307
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 29.00 28.1 26.8 27.7 28.3 28
Unemployed Persons (Thousand ) 6655.30 6150 6220 6125 6125 6300
Wages (ZAR/Month) 21432.00 21000 21000 21000 21000 21600
Wages in Manufacturing (ZAR/Month) 18798.00 18500 18500 18500 18500 19000
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 22100 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 43.5 43.6 43 43 45.12
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 4.30 4.2 5.3 4.9 5.2 5.1
Inflation Rate Mom (%) 0.30 0.5 0.4 0.4 0.6 0.5
Consumer Price Index CPI (Index Points) 113.10 114 117 118 119 120
Core Consumer Prices (Index Points) 112.30 114 116 116 117 120
Core Inflation Rate (%) 4.30 4.3 4.4 4.5 4.6 4.7
Producer Prices (Index Points) 114.10 117 117 118 120 123
Producer Prices Change (%) 4.50 6 5.6 5.3 5.1 5
Food Inflation (%) 3.90 4 4.2 4.3 4.7 5.2
CPI Housing Utilities (Index Points) 114.20 115 116 117 120 120
CPI Transportation (Index Points) 114.90 118 118 122 121 124
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 6.50 6.5 6.5 6.25 6.25 6.25
Interbank Rate (%) 6.78 7.15 7.4 6.79 6.54 7.4
Deposit Interest Rate (%) 7.00 6.4 7.15 7.15 6.9 5.4
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (ZAR Million) 6842.94 16500 6500 6500 0 -1258
Current Account to GDP (%) -3.60 -3.5 -3.7 -3.7 -3.7 -3.7
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 55.80 56.3 56.8 56.8 56.8 56.8
Government Budget (% of GDP) -4.40 -4.7 -4.6 -4.6 -4.6 -4.6
Government Budget Value (ZAR Million) -42808.00 31309 31309 31309 31309 1391262
Government Spending (ZAR Million) 651189.00 647306 651850 653794 657701 655721
Taxes Actual Q4 Q1 Q2 Q3 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 2 2 2 2
Social Security Rate For Employees (%) 1.00 1 1 1 1 1
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 21.00 16 10 10 12 11
Manufacturing PMI 41.60 48 46.4 47.4 45 47
Industrial Production (%) -1.80 1.2 -1.4 1.6 2 1.5
Industrial Production Mom (%) 1.30 2 0.7 2.2 -1.8 0.5
Total Vehicle Sales 49191.00 39200 45500 42300 47000 46000
Leading Economic Index (%) 0.70 0.2 -0.5 0.4 0.6 0.7
Mining Production (%) -3.20 -3 -1.4 1.3 1.3 1.2
Coincident Index (Index Points) 92.40 93.4 92.3 93.5 93.1 94
Composite Pmi 49.20 49.4 48.7 50 49.5 49.6
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 5.00 3 -3 -5 4 -2
Retail Sales MoM (%) -0.90 -2 0.4 1 0.7 0.8
Retail Sales YoY (%) 1.10 -0.8 1.2 2.3 0.9 0.6
Consumer Spending (ZAR Million) 1960885.00 1962061 1963108 1968729 1980494 1987568
Private Sector Credit (%) 6.86 5.5 5.7 5.4 5.6 5.7
Bank Lending Rate (%) 10.00 10.25 10.5 10.5 9.75 10.5
Gasoline Prices (USD/Liter) 1.06 0.93 0.91 0.92 0.89 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.