Markets Actual Q3 Q4 Q1 Q2 2020
Currency 14.91 14.83 15.01 15.2 15.38 15.76
Government Bond 10Y (%) 8.30 8.28 8.34 8.41 8.48 8.61
Stock Market (points) 56406.89 56639 55934 55234 54540 53187
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 3.10 0.9 1.3 -2 1.4 1.4
GDP Annual Growth Rate (%) 0.90 1.1 0.6 0.9 1.3 1.5
Unemployment Rate (%) 29.00 28.5 28.1 26.8 27.7 28
Inflation Rate (%) 4.30 4.5 4.2 5.3 4.9 5.1
Inflation Rate Mom (%) 0.30 0.4 0.5 0.4 0.4 0.5
Interest Rate (%) 6.50 6.5 6.5 6.5 6.25 6.25
Balance of Trade (ZAR Million) -2880.82 -5000 16500 6500 0 -1258
Current Account to GDP (%) -3.60 -3.5 -3.5 -3.7 -3.7 -3.7
Government Debt to GDP (%) 55.80 56.3 56.3 56.8 56.8 56.8
Government Budget (% of GDP) -4.40 -4.7 -4.7 -4.6 -4.6 -4.6
Business Confidence (Index Points) 21.00 24 16 10 10 11
Manufacturing PMI 45.70 43 48 46.4 47.4 47
Consumer Confidence (Index Points) 5.00 3 3 -3 -5 -2
Retail Sales MoM (%) 0.20 1 -3.6 0.4 1 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 3.10 0.9 1.3 -2 1.4 1.4
GDP Annual Growth Rate (%) 0.90 1.1 0.6 0.9 1.3 1.5
GDP (USD Billion) 366.30 405 405 420 420 420
GDP Constant Prices (ZAR Million) 3156566.50 3182985 3179515 3161497 3197602 3227207
Gross National Product (ZAR Million) 3109703.00 3134091 3115282 3137690 3150129 3162011
Gross Fixed Capital Formation (ZAR Million) 607257.10 615234 608345 603745 615151 617470
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) 69690.51 73175 74202 71077 70596 75315
GDP From Construction (ZAR Million) 106423.38 108758 108041 107812 107807 109661
GDP From Manufacturing (ZAR Million) 386951.40 393915 396318 388456 391982 402263
GDP From Mining (ZAR Million) 228480.61 232015 228655 222896 231451 232085
GDP From Public Administration (ZAR Million) 486277.80 485381 482209 486567 492599 489442
GDP From Services (ZAR Million) 654270.43 648749 649804 653498 662776 659551
GDP From Transport (ZAR Million) 275280.76 276493 280295 277985 278859 284499
GDP From Utilities (ZAR Million) 65317.74 66740 66443 65381 66167 67440
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 29.00 28.5 28.1 26.8 27.7 28
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) 58.78 58.8 58.8 59.7 59.7 59.7
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 (%) 4.30 4.5 4.2 5.3 4.9 5.1
Inflation Rate Mom (%) 0.30 0.4 0.5 0.4 0.4 0.5
Consumer Price Index CPI (Index Points) 113.10 114 114 117 118 120
Core Consumer Prices (Index Points) 112.30 113 113 116 117 119
Core Inflation Rate (%) 4.30 4.3 4.3 4.4 4.5 4.7
Producer Prices (Index Points) 113.80 117 117 118 120 123
Producer Prices Change (%) 4.90 6.3 6 5.6 5.3 5
Food Inflation (%) 3.90 3.8 4 4.2 4.3 5.2
CPI Housing Utilities (Index Points) 114.20 114 115 116 117 120
CPI Transportation (Index Points) 114.90 117 118 118 122 124
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 6.50 6.5 6.5 6.5 6.25 6.25
Interbank Rate (%) 6.80 6.81 6.81 6.81 6.56 6.56
Deposit Interest Rate (%) 7.00 7.15 7.15 7.15 6.9 6.9
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (ZAR Million) -2880.82 -5000 16500 6500 0 -1258
Current Account to GDP (%) -3.60 -3.5 -3.5 -3.7 -3.7 -3.7
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 55.80 56.3 56.3 56.8 56.8 56.8
Government Budget (% of GDP) -4.40 -4.7 -4.7 -4.6 -4.6 -4.6
Government Budget Value (ZAR Million) -107881.00 -19695 31309 31309 31309 1391262
Government Spending (ZAR Million) 651189.00 649497 647306 652497 659654 657015
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) 21.00 24 16 10 10 11
Manufacturing PMI 45.70 43 48 46.4 47.4 47
Industrial Production (%) -1.10 1.8 0.7 -1.4 1.6 0.9
Industrial Production Mom (%) 0.40 -2 2.8 0.7 2.2 0.5
Total Vehicle Sales 45537.00 48000 39200 45500 42300 46000
Leading Economic Index (%) -0.40 -0.6 0.2 -0.5 0.4 0.7
Mining Production (%) 2.40 -1.6 -3 -1.4 1.3 1.2
Coincident Index (Index Points) 89.10 93.2 93.4 92.3 93.5 94
Composite Pmi 49.70 50 49.2 48.7 50 49.6
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 5.00 3 3 -3 -5 -2
Retail Sales MoM (%) 0.20 1 -3.6 0.4 1 0.8
Retail Sales YoY (%) 2.00 1.8 -0.8 1.2 2.3 0.6
Consumer Spending (ZAR Million) 1960885.00 1956353 1962061 1965056 1986377 1991492
Private Sector Credit (%) 7.19 6.3 5.5 5.7 5.4 5.7
Bank Lending Rate (%) 10.00 10.25 10.25 10.5 9.75 10.5
Gasoline Prices (USD/Liter) 1.04 0.99 0.97 0.94 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.