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South Africa

Macroeconomy

Markets

Finance & Banking

Geostrategy

Key Indicators

BOP
Current Account, Balance, ZAR - South Africa
-19061, -24918, -15403, -24445, -3901 -3,901
ZAF GDP
Constant Prices, Growth rate same period previous year, SA, % - South Africa
-2.56, -1.62, 1.43, 2.97, 3.69 3.69
ZAF Production in total manufacturing sa
Index, Publication Base Year (2000), SA, 2005Y - South Africa
5.23, 7.7, 9.63, 8.94, 8.64 8.64
ZAF Unemployment rate
survey-based (all persons) Stock or Quantum, % - South Africa
23.6, 24.5, 24.3, 25.2, 25.3 25.3
CPI
Total, 2008=100 - South Africa
3.48, 3.65, 3.72, 4.14, 4.22 4.22
Retail Sales Value
Total, Million ZAR - South Africa
5.75, 5.84, 9.16, 9.29, 5.26 5.26
data by Factset

South Africa Outlook: Sub-Par Recovery Hit By Global Woes

The global slowdown will weaken external demand for commodities, dampening South Africa’s export and growth outlook. Rising inflationary pressures, chronic unemployment and household indebtedness will dampen consumption. The South African Reserve Bank (SARB) will maintain an accommodative stance, remaining on hold well into 2012, but has no room to cut.

Read the latest South Africa Outlook

Economic Research

Central Bank Watch

South African Reserve Bank: December Update

By Maya Senussi Dec 15, 2011

Global Economic Outlook

South Africa Outlook: Sub-Par Recovery Hit By Global Woes

By Maya Senussi Dec 2, 2011

Economic Research

BRICs in Africa: After More Than Just Resources

By Maya Senussi and Rachel Ziemba Nov 22, 2011

Central Bank Watch

South African Reserve Bank: November Update

By Maya Senussi Nov 17, 2011

Central Bank Watch

Pulling Out Policy Rabbits, Putting Policy Ducks in a Row

By Michael Manetta and the RGE Economic Research Team Oct 4, 2011

Global Economic Outlook

Sub-Saharan Africa Outlook Update: Resiliency Tested

By Maya Senussi and Rachel Ziemba Sep 19, 2011

Global Economic Outlook

South Africa Outlook Update: Ailing Recovery

By Maya Senussi Aug 30, 2011

Central Bank Watch

Summary Table: RGE Policy Rate Forecasts and Market Interbank Rate Expectations

By Michael Manetta and the RGE Economic Research Team Aug 19, 2011

Central Bank Watch

South African Reserve Bank: August Update

By Maya Senussi and Rachel Ziemba Aug 19, 2011

Mena Focus

MENA Looks for New Markets: Trade Ties Shifting Slowly

By Maya Senussi, Rachel Ziemba and John Prosser Aug 5, 2011

Global Economic Outlook

Sub-Saharan Africa Outlook Update: Resilient to Global Headwinds

By Maya Senussi and Rachel Ziemba Jun 17, 2011

Global Economic Outlook

South Africa Outlook Update: Focus on Growth

By Maya Senussi Jun 16, 2011

Economic Research

Central Bank Watch: The Shifting Tides of Global Monetary Policy

By James Mason and the RGE Economic Research Team Jun 8, 2011

Economic Research

Current Account Deficit Alert: Domestic Policies, not Foreign Capital, Will Shield Brazil, India, Turkey and South Africa

By Arpitha Bykere, Juan Lorenzo Maldonado, David Rogovic, Rachel Ziemba and Maya Senussi Jun 2, 2011

Global Economic Outlook

South Africa Outlook Update: Still No Hurry to Tighten

By Maya Senussi and Rachel Ziemba May 4, 2011

Mena Focus

Monetary Dilemmas in MENA

By Ayah El Said and Rachel Ziemba Apr 14, 2011

Economic Research

South Africa: When BRIC Became BRICS…

By Maya Senussi and Rachel Ziemba Apr 12, 2011

Global Economic Outlook

South Africa Outlook: Slowly but Surely

By Kavitha Cherian and Rachel Ziemba Mar 17, 2011

Global Economic Outlook

Global Overview: 2011 Outlook

By Christian Menegatti, Nouriel Roubini and the RGE Macroeconomics Team Dec 7, 2010

Global Economic Outlook

Middle East and North Africa: 2011 Outlook

By Ayah El Said and Rachel Ziemba Dec 7, 2010

Global Economic Outlook

Sub-Saharan Africa: 2011 Outlook

By Kavitha Cherian and Rachel Ziemba Dec 7, 2010

Global Economic Outlook

Macro Forecasts: 2011 Outlook

By the RGE Macroeconomics Team Dec 7, 2010

Economic Research

South African Labor Market: Holding Back Growth?

By Kavitha Cherian and Rachel Ziemba Oct 29, 2010

Global Economic Outlook

Middle East and North Africa: September 2010 Outlook Update

By Rachel Ziemba and Ayah El Said Sep 10, 2010

Global Economic Outlook

Global Overview: September 2010 Outlook Update

By Nouriel Roubini, Christian Menegatti and the RGE Macroeconomic Team Sep 10, 2010

Global Economic Outlook

South Africa: September 2010 Outlook Update

By Kavitha Cherian Sep 10, 2010

Global Economic Outlook

Sub-Saharan Africa: Q3 2010 Outlook

By Kavitha Cherian and Rachel Ziemba Jul 10, 2010

Global Economic Outlook

South Africa: Q3 2010 Outlook

By Kavitha Cherian Jul 10, 2010

Economic Research

South Africa: Will the Cup Runneth Over?

By Kavitha Cherian and Rachel Ziemba Jun 11, 2010

Economic Research

South Africa: Will Weak Private Sector Credit Expansion Restrain Growth?

By Kavitha Cherian and Rachel Ziemba May 12, 2010

Global Economic Outlook

South Africa: Q2 2010 Outlook

By Kavitha Cherian Apr 12, 2010

Global Economic Outlook

South Africa: Q1 2010 Outlook

By Kavitha Cherian Jan 30, 2010

Economic Research

Carry Trade Hotspots: A Currency by Currency Forecast for 2010

By Mikka Pineda, Mary Stokes, Bertrand Delgado, Mikko Forss, Kavitha Cherian, Arpitha Bykere and Christian Menegatti Jan 4, 2010

Economic Research

Come to Mother: An RGE Strategy for the 2010 Carry Trade

By Arnab Das, Natalia Gurushina, Jennifer Kapila, Elisa Parisi-Capone Jan 4, 2010

Economic Research

South Africa Economic Outlook, Q4 2009

By Kavitha Cherian Oct 7, 2009

Economic Research

South Africa Economic Outlook, Q3 2009

By Kavitha Cherian Jul 24, 2009

EconoMonitors

Emerging Markets Channel

South Africa’s Unemployment Puzzle

Abebe Aemro Selassie Apr 4, 2011

Emerging Markets Channel

South Africa: Inflation Threatens

Kavitha Cherian & Rachel Ziemba Nov 1, 2010

The Kapali Carsi

For South Africa, the Vuvuzelas Blow

Emre Deliveli Jun 25, 2010

RGE Analysts

RGE's Wednesday Note: The Economics of the World Cup

Kavitha Cherian & Rachel Ziemba Jun 16, 2010

Daily Digest

Blogs

South Africa: Julius Malema Out of the ANC

Council on Foreign Relations  John Campbell Feb 07, 2012

News

South Africa: ANC mine study seeks new taxes, buries nationalization

Reuters  Ed Stoddard and Sherilee Lakmidas Feb 08, 2012

News

South Africa’s Unemployment Rate Declines to Lowest Level Since June 2009

Bloomberg  Andres R. Martinez Feb 07, 2012

News

South African Reserves Surge 5.3% After Government Sells $1.5 Billion Bond

Bloomberg  Andres R. Martinez Feb 07, 2012

Analysis

South Africa: Quarterly Labour Force Survey, Q4 2011

Statistics South Africa  Feb 07, 2012

Blogs

S Africa: clouds over miners’ gala

beyond brics (FT)  Andrew England Feb 06, 2012

Opinions

South Africa: Exuberance is different

First National Bank (South Africa)  Cees Bruggemans Feb 06, 2012

News

South Africa Pauses on Mines

Wall Street Journal  Devon Maylie Feb 06, 2012

Blogs

South Africa and Africa’s growth is interlinked, says Ernst & Young

How We Made it in Africa  Jaco Maritz Feb 06, 2012

News

Nigeria: MEND Attacks Agip Facility, Threatens MTN, SacOil

This Day (Nigeria)  Ejiofor Alike and Segun James Feb 06, 2012

Blogs

South African mines might start generating their own power

How We Made it in Africa  Claude Harding Feb 03, 2012

Blogs

Press Freedom in South Africa

Council on Foreign Relations  John Campbell Feb 02, 2012

News

South Africa: PMI shows positive growth in manufacturing sector

Mail & Guardian (South Africa)  Lisa Steyn Feb 02, 2012

Blogs

S Africa: rand rally

beyond brics (FT)  Rob Minto Feb 01, 2012

News

South Africa: Strong start to the year for sales of new vehicles

Business Day  Alistair Anderson Feb 02, 2012

News

South Africa: ANC study ‘advises against’ mine grabs

Business Day  Sam Mkokeli Feb 02, 2012

News

S.Africa's PMI rebounds to 53.2 in January

Reuters  Feb 01, 2012

News

S.Africa's Eskom ordered to raise pay: union

Reuters  Feb 01, 2012

Analysis

AU Vote a Setback for South Africa

Institute for Security Studies  Jakkie Cilliers and Liesl Louw-Vaudran Feb 01, 2012

Blogs

AU elections: A humiliating defeat

Baobab - The Economist  Jan 31, 2012

News

Africa: AU Plans Free Trade Area in Five Years

Tanzania Daily News  John Kulekana Feb 01, 2012

News

Deadlock highlights rifts, inertia of African diplomacy

Mail & Guardian (South Africa)  Faranaaz Parker Jan 31, 2012

News

SA’s Africa diplomacy rocked by AU defeat in Addis

Business Day  Loyiso Langeni Jan 31, 2012

Blogs

Parastatals and the private sector: policy and partnerships in South Africa

African Arguments  Jolyon Ford Jan 31, 2012

Opinions

South Africa Prospects 2012-2016

First National Bank (South Africa)  Cees Bruggemans Jan 31, 2012

Analysis

CEEMEA: Facing Funding Fears

Morgan Stanley  Michael Kafe, Pasquale Diana, Andrea Masia, Tevfik Aksoy, Alina Slyusarchuk and Jacob Nell Jan 31, 2012

News

S.Africa's Dec credit growth at 6.21 pct y/y

Reuters Arfica  Jan 31, 2012

News

South Africa Dominance on Continent May Derail Bid for African Union Post

Bloomberg  Mike Cohen and William Davison Jan 27, 2012

Blogs

S African stocks: record highs – if you’re a local investor

Financial Times  Andrew England Jan 25, 2012

News

South African Economy to Expand Less Than 3% on Europe Slump, Gordhan Says

Bloomberg  Andres R. Martinez Jan 26, 2012

Analysis

2012 January Capital Flows to Emerging Market Economies

Institute of International Finance  Philip Suttle, Robin Koepke and Emre Tiftik Jan 24, 2012

Analysis

A critical year ahead for South Africa at the United Nations Security Council

South African Institute of International Affairs  Nomfundo Xenia Ngwenya Jan 24, 2012

News

South Africa Liquidity Driven by International Sentiment

Fitch Ratings  Raymond Hill, Karabo Matentji and Roelof Steenekamp Jan 25, 2012

News

South Africa: Paying a premium for the emerging market story

Reuters  David Dolan Jan 25, 2012

News

South Africa: Reserve Bank’s leading indicator up

Business Day  Helmo Preuss and Xola Potelwa Jan 24, 2012

News

Mining investors snubbing South Africa

iafrica  Jan 24, 2012

Blogs

Agriculture should be central to Africa’s development, says Thabo Mbeki

How We Made it in Africa  Claude Harding Jan 23, 2012

News

South Africa way off its employment targets

South Africa Institute of Race Relations  Jan 23, 2012

Opinions

The South African economy on cruise control

First National Bank (South Africa)  Cees Bruggemans Jan 23, 2012

News

South Africa: Marcus craps on Eskom

iafrica  Jan 20, 2012

News

Big retailer targets South Africa's middle class

Africa Review  Jean Liou Jan 19, 2012

Blogs

South Africa Seeks African Union Leadership

Council on Foreign Relations  John Campbell Jan 19, 2012

News

South Africa: The rand's prospects in 2012

iafrica  Nedbank Capital Jan 19, 2012

News

South Africa Keeps Key Lending Rate Unchanged at 5.5% to Bolster Recovery

Bloomberg  Franz Wild and Andres R. Martinez Jan 19, 2012

Blogs

South Africa: not too bad, considering

Financial Times  Keyur Patel Jan 18, 2012

News

South Africa: Economic data point to unchanged rates

Business Day  Mariam Isa Jan 18, 2012

News

South Africa Exporting Corn Risks Depleting Domestic Supplies: Commodities

Bloomberg  Jana Marais and Tshepiso Mokhema Jan 18, 2012

Analysis

South Africa: December CPI

Statistics South Africa  Jan 18, 2012

News

South Africa: FNB/BER 4Q2011: Construction recovery accelerated

First National Bank (South Africa)  Cees Bruggemans Jan 17, 2012

Analysis

South Africa: Production and sales November 2011

Statistics South Africa  Jan 17, 2012

News

Fitch Lowers Outlook on South Africa Credit Rating to Negative From Stable

Bloomberg  Andres R. Martinez Jan 13, 2012

News

‘Bigger’ rise in SA factory output lifts GDP outlook

Business Day  Mariam Isa Jan 13, 2012

News

S.Africa's repo rate seen steady at 5.5 pct

Reuters  Jan 13, 2012

Opinions

South Africa: Steady Non-Bisor Manufacturing grows 3.4%

First National Bank (South Africa)  Cees Bruggemans Jan 13, 2012

News

S.Africa platinum miners not worried about power cuts

Reuters  Agnieszka Flak Jan 13, 2012

Analysis

CEEMEA 2012 Outlook: Slowing Growth and Growing Risks

Morgan Stanley Research  Jan 13, 2012

Opinions

South Africa: Disappointment

The Economist  Jan 14, 2012

Analysis

EMEA Weekly, Week 3: Sitting and waiting in Pretoria

Danske Bank  Jan 12, 2012

Opinions

Where to for South Africa and the Doha Development Agenda

South African Institute of International Affairs  Memory Dube Jan 11, 2012

Blogs

South Africa’s African National Congress Celebrates its Centenary

Council on Foreign Relations  John Campbell Jan 11, 2012

Analysis

South Africa: Manufacturing output at 2.6% y/y in November

Statistics South Africa  Jan 12, 2012

Analysis

Odds in Africa's Favor as Continent Walks Economic Tightrope

IMF  Jon Shields Jan 10, 2012

Analysis

EMEA Bi-Weekly: Getting the Ball Rolling

Commerzbank AG  Jan 06, 2012

News

South Africa's ANC celebrates 100 years

AL Jazeera  Jan 09, 2012

News

Vehicle Sales in South Africa Climb For Second Year on Low Borrowing Costs

Bloomberg  Andres R. Martinez Jan 10, 2012

Analysis

South Africa Vehicle sales drop on seasonal factors

Nedbank  Jan 10, 2012

Analysis

South Africa December 2011 Vehicle Sales

NAAMSA  Jan 10, 2012