RELATED NEWS

Tuesday December 06 2016
South African GDP Growth Steady at 0.7% YoY in Q3  
The South African economy advanced 0.7 percent year-on-year in the September quarter of 2016, the same from an upwardly revised figure in the second quarter. It was the second straight quarter of growth, as an increase in finance & real estates activities, construction and transport & communication offset a decline in the agriculture, mining and manufacturing.
Tuesday December 06 2016
South Africa GDP Growth Slows to 0.2% QoQ in Q3  
The South African economy expanded an annualized 0.2 percent on quarter in the three months to September of 2016, compared to an upwardly revised 3.5 percent growth in the June quarter and below market estimates of a 0.5 percent expansion. It was the second straight quarter of growth, mainly supported by mining, general government services and real estate activities while manufacturing shrank.
Wednesday November 30 2016
South Africa Trade Balance Swings to Deficit in October  
South Africa posted a trade deficit of ZAR 4.41 billion in October 2016 from an upwardly revised ZAR 6.95 billion surplus in September, but better than market expectations of a ZAR 10.5 billion gap. Exports fell by 11.1 percent, dragged by lower sales of vegetable products and precious metals and stones; while imports increased by 0.4 percent, as purchases rose mainly for mineral products and machinery and electronics.
Thursday November 24 2016
South Africa Keeps Key Rate Unchanged at 7%  
The South African Reserve Bank left its benchmark repo rate on hold at 7 percent at its November of 2016 meeting, as widely expected. Policymakers said growth in the third quarter is expected to be positive, but below the level of June quarter, while left the GDP forecasts unchanged from September. The inflation reached to an 8-month high in October, after food prices picked up the most since 2009 due to severe drought, but it is expected to moderate in early 2017. The bank also noted the rand will be sensitive to changes in the stance of the US monetary policy.
Wednesday November 23 2016
South Africa Inflation Rate at 8-Month High of 6.4%  
Consumer prices in South Africa rose 6.4 percent year-on-year in October of 2016, following a 6.1 percent increase in September and above market expectations of a 6.3 percent gain. It was the highest inflation rate since February as cost of food and non-alcoholic beverages increased at a faster pace. Month-on-month, consumer prices increased by 0.5 percent following a 0.2 percent gain in the previous month.
Tuesday November 22 2016
South Africa Unemployment Rate Rises to 12-1/2-Year High  
The jobless rate in South Africa went up to 27.1 percent in the third quarter of 2016 from 26.6 percent in the previous period, reaching the highest unemployment rate since 2004. Employment rose faster than unemployment while more people joined the labour force, bringing the participation rate up to its highest since 2002.
Monday October 31 2016
South Africa Trade Balance Swings to Surplus in September  
South Africa posted a trade surplus of ZAR 6.70 billion in September 2016 compared to an upwardly revised ZAR 8.88 billion deficit in August and beating market expectations of ZAR 1.1 billion gap. Exports rose by 10.1 percent, boosted by higher sales of precious metals and stones and chemical products; while imports decreased by 6.6 percent, as purchases fell mainly for precious metals and stones, mineral products and vegetable products.
Wednesday October 19 2016
South Africa Inflation Rate Up to 6.1% in September  
Consumer prices in South Africa rose 6.1 percent year-on-year in September of 2016, following a 5.9 percent increase in August and below market expectations of 6.2 percent gain. It was the highest figure since June as cost of transport went up at a faster pace.
Friday September 30 2016
South Africa Trade Surplus Swings to Deficit in August  
South Africa posted a trade gap of ZAR 8.56 billion in August of 2016 from a downwardly revised shortfall of ZAR 5.04 billion in July, and way below market expectation of ZAR 3 billion surplus. Exports declined 5.5 percent, mostly due to a fall in sales precious metals and stones, while imports jumped by 9.2 percent due to higher purchases of precious metals and stones. Since the beginning of 2016, the trade balance swung to a ZAR 35.1 billion deficit compared to ZAR 7.4 billion surplus a year earlier.
Thursday September 22 2016
South Africa Leaves Key Rate on Hold in September  
The South African Reserve Bank kept its benchmark repo rate unchanged at 7 percent in September of 2016 as widely expected. Policymakers said the inflation outlook has improved as earlier return to target range is seen, although growth remains subdued due to weak domestic fixed investment and low levels of business and consumer confidence. As a result, the improvement seen in the second quarter is unlikely to be sustained.
Wednesday September 21 2016
South Africa Inflation Rate at 8-Month Low in August  
Consumer prices in South Africa went up 5.9 percent year-on-year in August of 2016, following a 6 percent gain in the previous period and in line consensus. It is the lowest reading since December as transport inflation slowed.
Tuesday September 06 2016
South Africa GDP Expands 0.6% YoY in Q2  
The South African economy advanced 0.6 percent year-on-year in the three months to June of 2016, recovering from a downwardly revised 0.1 percent contraction in the previous period and beating market expectations of a 0.5 percent growth. It is the best performance in three quarters, mainly due to a rebound in manufacturing.
Tuesday September 06 2016
South Africa GDP Growth at 1-1/2-Year High in Q2  
The South African economy advanced an annualized 3.3 percent on quarter in the three months to June of 2016, recovering from a 1.2 percent contraction in the previous period and beating market expectations of a 2.3 percent increase. It is the highest growth rate since the last three months of 2014, mainly boosted by manufacturing, mining and real estate activities.
Wednesday August 31 2016
South Africa Trade Surplus Misses Estimates in July  
South Africa posted a trade surplus of 5.22 billion in July of 2016, after a downwardly revised ZAR 12.47 billion surplus in June and below market expectations of ZAR 8.1 billion surplus, as exports fell 9 percent and imports decreased at a slower 2.4 percent.
Wednesday August 24 2016
South Africa Inflation Rate Slows to 7-Month Low of 6%  
Consumer prices in South Africa increased 6 percent year-on-year in July of 2016, following a 6.3 percent rise in the previous period and lower than market expectations of 6.1 percent. It is the lowest inflation figure so far this year as cost of electricity and other fuels rose at a slower pace while food inflation reached a seven-year high.
Friday July 29 2016
South Africa Trade Surplus Beats Estimates  
South Africa posted a higher-than-expected trade surplus of ZAR 12.5 billion in June of 2016 from a downwardly revised deficit of ZAR 18.3 billion in the previous month. The figure came way above market expectations of ZAR 7.2 billion surplus, as exports went up 0.7 percent and imports increased at a faster 7.6 percent.
Thursday July 28 2016
South Africa Jobless Rate Edges Down to 26.6% in Q2  
South Africa's unemployment rate slightly decreased to 26.6 percent in the June quarter of 2016 from 26.7 percent in the three months to March. The number of unemployed fell by 1.6 percent and employment went down 0.8 percent.
Thursday July 21 2016
South Africa Keeps Key Rate on Hold at 7%  
The South African Reserve Bank left its benchmark repo rate on hold at 7 percent at its July 21st meeting, as widely expected. Policymakers said the inflation is expected to accelerate further this year and the economy is anticipated to have a weak recovery despite the contraction in the first quarter.
Wednesday July 20 2016
South Africa Inflation Rate Rises to 6.3% in June  
Consumer prices in South Africa rose 6.3 percent year-on-year in June of 2016, following a 6.1 percent growth in May. Figures came above market expectation of 6.2 percent increase driven by higher prices of food and non-alcoholic beverages and transport.
Thursday June 30 2016
South Africa Trade Balance Swings to Surplus in May  
South Africa posted a trade surplus of ZAR 18.7 billion in May of 2016 from a downwardly revised deficit of ZAR 0.12 billion in the previous month. Exports rose 14 percent, as sales precious metals and stones surged, while imports fell by 6.6 percent due to lower purchases of animal and vegetable products.
Wednesday June 22 2016
South Africa Inflation Rate at 5-Month Low of 6.1%  
Consumer prices in South Africa went up 6.1 percent year-on-year in May of 2016, easing from a 6.2 percent rise in April. Figures came below market expectations of 6.4 percent increase, as food cost rose at a slower pace and petrol prices fell less.
Wednesday June 08 2016
South African Economy Contracts For the 1st Time Since 2009  
The South African GDP shrank 0.20 percent year-on-year in the first quarter of 2016, following downwardly revised 0.5 percent growth in the previous period. It is the first contraction since the fourth quarter of 2009, due to a slump in mining and quarrying and manufacturing sectors.
Wednesday June 08 2016
South African GDP Contracts 1.2% in Q1  
The South African economy shrank an annualized 1.2 percent on quarter in the three months to March of 2016, compared to a 0.4 percent growth in the previous quarter and worse than market expectations of 0.1 percent drop. It is the first contraction since the second quarter last year, dragged down by mining and quarrying and transport sectors.
Tuesday May 31 2016
South Africa Trade Surplus Narrows in April  
South Africa posted a trade surplus of ZAR 0.43 billion in April of 2016 from a downwardly revised surplus of ZAR 2.03 billion in the previous month. Exports dropped 3.2 percent, as sales of mineral products, base metals, and precious metals and stones fell, meantime imports decreased by 1.5 percent due to lower purchases of vegetable products, optical photographic products, plastics and rubber, mineral products. Since the beginning of 2016, the trade deficit narrowed 41.7 percent to ZAR 18.6 billion compared to ZAR 32 billion a year earlier.
Thursday May 19 2016
South Africa Leaves Key Rate Unchanged at 7%  
The South African Reserve Bank kept its benchmark repo rate on hold at 7 percent at its May 19th meeting, in line with expectations. Policymakers said there is some room to pause the tightening cycle as previous hike improved the inflation expectation while growth outlook worsened.
Wednesday May 18 2016
South Africa Inflation Rate Eases in April  
Consumer prices in South Africa rose 6.2 percent year-on-year in April of 2016, slowing from a 6.3 percent increase in the previous month. Figures came marginally lower than market expectations, as petrol cost fell while food prices rose at a faster pace.
Monday May 09 2016
South Africa Jobless Rate at Nearly 11-Year High in Q1  
The unemployment rate in South Africa increased to 26.7 percent in the three months to March of 2016 from 24.5 percent in the previous quarter and above market expectations of 25.3 percent. It was the highest reading since September 2005, as number of unemployed rose by 10 percent whereas employment fell 2.2 percent.
Friday April 29 2016
South Africa Trade Balance Shifts to Surplus  
South Africa recorded a trade surplus of ZAR 2.9 billion in March of 2016 from a deficit of ZAR 1.2 billion in the previous month. Exports increased 6.3 percent, as sales of mineral products, base metals, and precious metals and stones rose while imports went up by 2.6 percent, mainly due to higher purchases of mineral products, plastics and rubber and machinery and electronics. So far this year, the trade deficit narrowed 39.1 percent to ZAR 17.9 billion compared to ZAR 29.5 billion a year earlier.
Wednesday April 20 2016
South Africa Inflation Rate Slows in March  
Consumer prices in South Africa increased 6.3 percent year-on-year in March of 2016, slowing from a 7-year high 7.2 percent rise in the previous month. Figures came in line with market expectations, as a slowdown in petrol cost offset higher food inflation.
Thursday March 31 2016
South Africa Trade Gap Narrows Sharply in February  
South Africa's trade deficit decreased sharply to ZAR 1.07 billion in February of 2016 compared with an upwardly revised ZAR 17.96 billion gap in the previous month while staying below market consensus of ZAR 4.65 billion deficit. Exports rose 27.7 percent, as sales of vehicles and transport equipment rose sharply, while imports went up at a much slower 2.7 percent, mainly due to higher purchases of vegetable products.
Wednesday March 23 2016
South Africa Inflation Rate Highest Since 2009  
Consumer prices in South Africa rose 7.0 percent year-on-year in February of 2016, accelerating from 6.2 percent in the previous month and well above market expectations. It was the highest reading since May of 2009, boosted by cost of food, transport, alcoholic beverages and miscellaneous goods and services. On a monthly basis, consumer prices went up 1.3 percent.
Thursday March 17 2016
South Africa Hikes Repo Rate to 7%  
South African Reserve Bank raised its benchmark repo rate by 25bps to 7 percent on March 17th, its third straight hike, as policymakers voiced concern about growing inflation pressure despite a worsening growth outlook. Previous rate hikes have not prevented a rise in inflation, which in January reached a 17-month high of 6.2 percent, above its target of 3-6 percent. Three members of the rate-setting committee supported the decision.
Tuesday March 01 2016
South African Economy Grows 0.6% in Q4, 1.3% in 2015  
The South African economy advanced 0.6 percent year-on-year in the last quarter of 2015, easing from a 1 percent expansion in the previous period but beating market expectations of a 0.4 percent growth. It was the lowest growth rate since the 2009 recession due to a slowdown in finance and construction while manufacturing, mining and agriculture contracted.
Tuesday March 01 2016
South Africa Q4 GDP Growth Slows to 0.6%  
The South African economy advanced an annualized 0.6 percent on quarter in the three months to December of 2015, easing from a 0.7 percent growth in the previous period while missing market consensus of 0.8 percent. Trade, mining and construction were the main drivers of growth while manufacturing and agriculture dragged the expansion down.
Monday February 29 2016
South Africa Trade Balance Swings to Deficit  
South Africa posted a ZAR 17.87 billion gap in January of 2016 compared to a downwardly revised ZAR 7.55 billion surplus in the previous month while missing market expectations of ZAR 14.1 billion deficit. Exports dropped 18.8 percent due to lower sales of precious metals and vehicles while imports rose 11 percent mainly boosted by higher purchases of equipment components.
Thursday February 25 2016
South Africa Jobless Rate Down to 24.5% in Q4  
The unemployment rate in South Africa decreased to 24.5 percent in the fourth quarter of 2015 from 25.5 percent in the previous period and below market expectations of 25.5 percent. It was the lowest reading since the last quarter of 2014, as number of unemployed went down by 4.2 percent to 5.2 million while employment went up at a slower 1.2 percent to 16 million.
Wednesday February 17 2016
South Africa Inflation Rate at 17-Month High  
Consumer prices in South Africa went up 6.2 percent year-on-year in January of 2016, accelerating for the fourth straight month and reaching the highest since August of 2014. Figures came above market expectations, due to higher cost for electricity, food, transport and alcoholic beverages.
Friday January 29 2016
South Africa Trade Surplus Widens to 5-Year High  
South Africa trade surplus increased to ZAR 8.22 billion in December of 2015 from a downwardly revised ZAR 0.68 billion surplus in the previous month and beating market expectations of ZAR 4.85 billion. It was the highest value since December of 2010, as exports dropped 5.1 percent while imports fell at a much faster 13.3 percent.
Thursday January 28 2016
South Africa Raises Key Rate to 6.75%  
South African Reserve Bank raised its main repurchase rate by half a percentage point to 6.75 percent on January 28th, 2016, its second consecutive hike aimed at stopping the depreciation of its currency and high inflation. Three members of the rate-setting committee supported the decision, while two preferred a quarter-point rise, and one member preferred no change
Wednesday January 20 2016
South Africa Inflation Rate at 12-Month High  
Consumer prices in South Africa went up 5.2 percent year-on-year in December of 2015, up from a 4.8 percent rise in the previous month and the biggest increase in a year. Figures came in line with expectations, due to higher cost for food, transport and household contents and services.
Wednesday December 30 2015
South Africa Trade Balance Swings to Surplus  
South Africa posted a ZAR 1.77 billion trade surplus in November of 2015 from an upwardly revised ZAR 21.60 billion deficit in the previous month, beating market expectations. It was the first trade surplus recorded in five months, as exports expanded by 10.3 percent boosted by higher sales of precious metals and stones while imports dropped 13.5 percent as purchases of equipment components declined strongly.
Wednesday December 09 2015
South Africa Inflation Rate Up to 4-Month High  
Consumer prices in South Africa increased by 4.8 percent year-on-year in November of 2015, up from 4.7 percent reported in the previous month and matching market forecasts. Cost of household contents and services rose at a faster pace while transport prices were flat after falling for three straight months.
Monday November 30 2015
South African Trade Gap Widens Sharply to 9-Month High  
South Africa trade deficit increased to ZAR 21.39 billion in October of 2015 from an upwardly revised ZAR 1.26 billion shortfall in the previous month and way above market expectations. It was the highest trade gap since January this year, as exports fell 6 percent while imports jumped 15.7 percent.
Tuesday November 24 2015
South Africa Annual GDP Growth Slows to 1%  
The South African economy advanced 1 percent year-on-year in the third quarter of 2015, easing from an upwardly revised 1.3 percent expansion in the previous period and lower than market expectations of a 1.3 percent rise. It is the lowest growth rate since the 2009 recession due to a slowdown in manufacturing and finance, real estate and business services while agriculture and utilities contracted for the third straight quarter.
Tuesday November 24 2015
South Africa GDP Advances 0.7% in Q3  
The South African economy expanded an annualized 0.7 percent on quarter in the three months to September of 2015, recovering from a 1.3 percent contraction in the previous period and boosted by a rebound in manufacturing and wholesale and retail trade. However, figures came below market expectations of a 1.1 percent growth and lower than a 2.1 percent expansion seen a year earlier as the drop in commodity prices keeps dragging the mining sector down.
Thursday November 19 2015
South Africa Raises Key Rate to 6.25%  
The South African Reserve Bank unexpectedly hiked its benchmark repo rate by 25bps to 6.25 percent at its November 2015 meeting amid weak growth, saying inflationary pressures increased and an expected US rate rise will put further pressure on the rand. Policymakers also revised its growth and inflation forecasts down.
Wednesday November 18 2015
South Africa Inflation Rate Edges Up to 4.7% in October  
Consumer prices in South Africa increased by 4.7 percent year-on-year in October of 2015, up from 4.6 percent reported in September and matching market forecasts. Cost of food and household contents and services rose further while transport prices dropped at a slower pace.
Friday October 30 2015
South Africa Trade Gap Narrows to 6-Month Low  
South Africa trade deficit declined to ZAR 0.89 billion in September of 2015 from an upwardly revised ZAR 10.1 billion shortfall in the previous month as exports increased and imports shrank.
Tuesday October 27 2015
South Africa Unemployment Rises in Q3  
The jobless rate in South Africa increased to 25.5 percent in the third quarter of 2015 from 25 percent in the previous period. The number of unemployed rose 3.6 percent while employment went up at a slower 1.1 percent and more people joined the labour force.
Wednesday October 21 2015
South Africa Inflation Rate Below Expectations  
Consumer prices in South Africa increased 4.6 percent year-on-year in September of 2015, the same as in August and lower than market forecasts as a deeper fall in petrol prices offset higher housing rentals.
Wednesday September 30 2015
South Africa Trade Deficit at 7-Month High  
South African trade gap was recorded at ZAR 9.95 billion in August of 2015 from an upwardly revised ZAR 1.1 billion shortfall in July, the highest since January, due to lower sales of minerals and higher oil imports.
Wednesday September 23 2015
South Africa Leaves Rates on Hold  
The South African Reserve Bank left its benchmark repo rate on hold at 6 percent in September of 2015 as widely expected, following a 25bsp hike in the previous meeting. Yet, policymakers said growth outlook has deteriorated while the rand fell further, intensifying the upside risks to the inflation outlook.
Wednesday September 23 2015
South Africa Inflation Rate Slows in August  
Consumer prices in South Africa rose 4.6 percent year-on-year in August of 2015, easing from a 5 percent increase in July. It is the lowest inflation rate in three months and slightly below market expectations as cost of housing and utilities slowed while transport prices fell.
Monday August 31 2015
South Africa Reports Trade Deficit in July  
South Africa posted a ZAR -0.40 billion deficit in July of 2015 from a downwardly revised ZAR 5.50 billion surplus a month earlier, as exports expanded at a slower pace than imports.
Tuesday August 25 2015
South Africa GDP Growth YoY at 6-Year Low  
South African economy expanded 1.2 percent year-on-year in the second quarter of 2015, slowing from a 2.1 percent growth in the previous period, the worst performance since the recession in 2009.
Tuesday August 25 2015
South African Economy Unexpectedly Contracts QoQ in Q2  
South African GDP shrank an annualized 1.3 percent on quarter in the three months to June of 2015, following a 1.3 percent expansion in the previous period. It is the first contraction in five quarters due to drop in manufacturing, mining and agriculture.
Wednesday August 19 2015
South Africa Inflation Rate at 7-Month High  
South Africa annual inflation rate accelerated for the fifth straight month to 5 percent in July of 2015 from 4.7 percent in June, in line with market expectations. It is the highest figure since December last year pushed by higher utilities cost. Yet, core inflation slowed to its lowest rate in seventeen months.
Friday July 31 2015
South Africa Trade Surplus Widens To 6-Month High in June  
South African trade surplus increased to ZAR 5.80 billion in June of 2015 from a downwardly revised ZAR 4.94 billion surplus a month earlier, as exports expanded at a faster pace than imports.
Wednesday July 29 2015
South Africa Unemployment Rate Falls in Q2  
The jobless rate in South Africa decreased to 25 percent in the second quarter of 2015 from a ten-year high of 26.4 percent in the previous period, as more stopped looking for a job and employment went up 1.3 percent.
Thursday July 23 2015
South Africa Raises Key Rate to 6%  
South African Reserve Bank hiked its benchmark repo rate for the first time in 12 months by 25bps to 6 percent in July. Policymakers said upside risks to inflation remain elevated while the rand is weak and growth is subdued.
Wednesday July 22 2015
South Africa Inflation Rate Below Expectations  
Consumer prices in South Africa increased 4.7 percent year-on-year in June of 2015, slightly up from a 4.6 percent rise in May but less than market forecasts. Transport prices rebounded while cost of housing, utilities and food rose at a slightly slower pace.
Tuesday June 30 2015
South Africa Posts Trade Surplus in May  
South Africa trade balance swung into a ZAR 4.99 billion trade surplus in May of 2015 from an upwardly revised ZAR 1.45 billion deficit in April. It is the highest surplus this year due to a surge in exports.
Wednesday June 17 2015
South Africa Inflation Rate Edges Up in May  
Consumer prices in South Africa went up 4.6 percent year-on-year in May, following a 4.5 percent increase in April, mainly driven by cost of housing and utilities.
Friday May 29 2015
South Africa Trade Deficit Widens in April  
South African trade gap increased to ZAR 2.51 billion in April of 2015 from a revised ZAR 0.01 billion shortfall a month earlier as exports were down 7.5 percent and imports declined at a slower 4.8 percent.
Tuesday May 26 2015
South Africa Unemployment Rate Jumps to 10-Year High  
South Africa jobless rate increased to 26.4 percent in the first three months of 2015 from 24.3 percent in the precedent quarter. It is the highest rate since 2005, as unemployment rose 12.8 percent on quarter, while employment grew at a slower 0.9 percent.
Tuesday May 26 2015
South Africa GDP Growth Slows in Q1  
The South African economy expanded an annualized 1.3 percent on quarter in the first three months of 2015, down from 4.1 percent in the previous quarter and below market expectations, due to a slump in agriculture and manufacturing.
Tuesday May 26 2015
South Africa GDP Growth at 1-Year High  
The South African economy expanded 2.1 percent year-on-year in the first three months of 2015, up from 1.3 percent in the previous period and the highest growth rate since the last quarter of 2013. The mining sector rose for the first time in more than a year while manufacturing remains subdued and power shortages keep weighting down on growth.
Thursday May 21 2015
South Africa Leaves Rates on Hold; Lowers Growth Forecasts  
South African Reserve Bank left its key repo rate unchanged at 5.75 percent in May as widely expected, signaling a rate rise may occur soon due to inflationary pressures. Policymakers also lowered growth forecasts and hiked inflation ones.
Wednesday May 20 2015
South Africa Inflation Rate at 4-Month High  
Annual inflation rate in South Africa increased to 4.5 percent in April of 2015 from 4 percent in the previous month, boosted by prices of housing and utilities and miscellaneous goods and services while transport cost fell at a slower pace.
Thursday April 30 2015
South Africa Trade Balance Swings to Surplus  
South Africa posted a ZAR 483 million trade surplus in March of 2015, compared to a revised ZAR 8.7 billion deficit in February due to a surge in exports of precious metals and stones.
Wednesday April 22 2015
South Africa Inflation Rate Quickens to 4%  
Consumer prices in South Africa rose 4 percent year-on-year in March of 2015 from 3.9 percent in February, driven by higher cost of housing and utilities.
Tuesday March 31 2015
South Africa Trade Deficit Narrows in February  
South African trade gap shrank to ZAR 8.48 billion in February of 2015 from a record high ZAR 24.22 billion shortfall a month earlier due to a rebound in exports.
Thursday March 26 2015
South Africa Leaves Repo Rate at 5.75%  
South Africa's Reserve Bank left interest rates unchanged at 5.75 percent as expected on March 26th, yet it signaled that raise may be coming soon forced by increase in inflationary pressures.
Wednesday March 18 2015
South Africa Inflation Rate Slows Further  
South African annual inflation rate eased to a fresh four-year low 3.9 percent in February of 2015, as transport prices fell further while food cost slowed. Yet, monthly inflation rose to a seven-month high.
Friday February 27 2015
South Africa Posts Record Trade Deficit in January  
South Africa recorded a ZAR 24.22 billion trade gap in January of 2015 compared with a revised four-year high ZAR 6.66 billion surplus in the previous month. It is the highest trade deficit on record due to a sharp drop in exports.
Tuesday February 24 2015
South African Economy Slows in Q4  
South Africa’s GDP expanded 1.3 percent year-on-year in the last quarter of 2014, following a revised 1.6 percent increase in the previous period. For 2014 as a whole, the economy grew 1.5 percent, the slowest pace since a 2009 recession.
Tuesday February 24 2015
South Africa GDP Growth Beats Forecasts  
The South African economy expanded an annualized 4.1 percent on quarter in the last three months of 2014, up from a revised 2.1 percent increase in the previous quarter and beating market expectations. While the manufacturing sector grew for the first time in three quarters, mining posted the highest gain in a year.
Wednesday February 18 2015
South Africa Inflation Rate Slows to Nearly 4-Year Low  
South African annual inflation rate eased to 4.4 percent in January of 2015 from 5.3 percent in the previous month. It is the lowest figure since April of 2011 due to a fall in transport cost and lower food prices.
Tuesday February 10 2015
South Africa Unemployment Rate Declines to 24.3% in Q4  
South Africa jobless rate decreased to 24.3 percent in the last three months of 2014 from 25.4 percent in the previous quarter. It is the lowest rate in a year as employment rose for the third consecutive quarter and the labour force decreased.
Friday January 30 2015
South Africa Posts Highest Trade Surplus in 4 Years  
South Africa recorded a ZAR 6.85 billion trade surplus in December of 2014, compared with a revised ZAR 5.27 billion gap in the previous month. It is the first surplus in ten months as exports increased 3.8 percent and imports fell 9.9 percent.
Thursday January 29 2015
South Africa Keeps Key Rate at 5.75%, Lowers Growth Forecast  
South African Reserve Bank left its key repo rate on hold at 5.75 percent in January as inflationary pressures eased. The MPC also said that the bar for rate cuts remains high and would require a sustained decline in the inflation rate and inflation expectations and lowered the growth forecast for 2015 from 2.5 to 2.2 percent.
Wednesday January 21 2015
South Africa Inflation at 13-Month Low in December  
South African annual inflation rate eased to 5.3 percent in December from 5.8 percent in the previous month, mainly due to lower cost of food and transport. The figure came below market expectations and was the lowest since November 2013.
Tuesday December 30 2014
South Africa Trade Deficit Narrows in November  
South African trade gap decreased to ZAR 5.7 billion in November from a revised ZAR 21.6 billion shortfall in the previous month, due to a sharp drop in imports.
Wednesday December 10 2014
South Africa Inflation Rate Slows to 5.8%  
South African annual inflation rate eased to 5.8 percent in November of 2014 from 5.9 percent in the previous two months due to lower food and transport cost.
Friday November 28 2014
South Africa Trade Deficit at 16-Month High  
South African trade gap widened to ZAR 21.32 billion in October from a revised ZAR 3.05 billion in the previous month due to a sharp rise in imports.
Tuesday November 25 2014
South Africa GDP Up 1.4%  
The South African economy advanced a seasonally adjusted annualized 1.4 percent in the third quarter of 2014, following a revised 0.5 percent expansion in the previous period. It is the highest growth rate in three quarters boosted by trade and financial services and a rebound in the mining sector.
Tuesday November 25 2014
South African Economy Expands 1.4% in Q3  
South African GDP advanced 1.4 percent year-on-year in the third quarter of 2014 compared with a revised 1.3 percent expansion in the previous period. Growth was mainly driven by the services sector while mining and manufacturing shrank.
Thursday November 20 2014
South Africa Holds Key Rate Steady  
South African Reserve Bank left its key repo rate on hold at 5.75 percent in November as inflationary pressures eased and growth outlook remains weak. The central bank also revised down inflation and growth forecasts.
Wednesday November 19 2014
South Africa Inflation Steady at 5.9%  
South African annual inflation rate was unchanged at 5.9 percent in October, staying in the central bank’s 3 percent to 6 percent target range for a second month as a slowdown in food prices was enough to offset higher transport cost.
Friday October 31 2014
South Africa Trade Deficit Narrows in September  
South African trade gap decreased to ZAR 2.91 billion in September of 2014 from a revised 16.7 billion shortfall in the previous month as exports to Europe and America surged.
Thursday October 30 2014
South Africa Unemployment Rate Marginally Unchanged  
South African jobless rate was little changed at 25.4 percent in the third quarter of 2014 from 25.5 percent in the previous period. Yet, the number of people who stopped looking for a job increased 3.9 percent and the labor force participation rate fell 0.2 percent to 57.1 percent.
Wednesday October 22 2014
South Africa Inflation Rate Slows to 5.9%  
South African annual inflation rate eased to 5.9 percent in September from 6.4 percent in August. It is the lowest rate in seven months as food and transport prices slowed.
Tuesday September 30 2014
South Africa Trade Deficit at 7-Month High  
South African trade gap widened to ZAR 16.3 billion in August of 2014 from a revised ZAR 6.83 billion shortfall in the previous month. It is the highest trade deficit since January, hurt by a drop in exports.
Thursday September 18 2014
South Africa Leaves Monetary Policy Unchanged  
At its September 2014 meeting, South African Reserve Bank left the repo rate unchanged at 5.75 percent, following last meeting’s 25 bps hike and saying that monetary policy remains accommodative, and will continue to be supportive of the domestic economy.
Wednesday September 17 2014
South Africa Inflation Rate Edges Up to 6.4%  
South African annual inflation rate accelerated slightly to 6.4 percent in August from 6.3 percent in the previous month, driven by higher food prices.
Friday August 29 2014
South Africa Trade Deficit Widens in July  
South African trade gap increased to ZAR 6.88 billion, up from an upwardly revised ZAR 0.47 billion deficit in June, as imports rose at a faster pace than exports.
Tuesday August 26 2014
South African Economy Slows in Q2  
South African GDP expanded a modest 1 percent over a year earlier in the second quarter of 2014, slowing for the second quarter in a row. It is the lowest growth rate since the recession in 2009, as a 5-month strike in the platinum sector dragged mining down for the second consecutive period.
Tuesday August 26 2014
South Africa GDP Grows Below Expectations  
The South African economy expanded a seasonally adjusted annualized 0.6 percent in the second quarter of 2014, after contracting 0.6 percent in the first three months of the year. The agriculture, financial and transport sectors helped the country to avoid recession but a five-month strike in the platinum mines weighted on the growth.
Wednesday August 20 2014
South Africa Inflation Rate at 3-Month Low  
South African annual inflation rate slowed for the first time in eight months to 6.3 percent in July of 2014 from 6.6 percent in the previous two months, due to lower transport and food cost.
Thursday July 31 2014
South Africa Trade Deficit Narrows in June  
South African trade gap decreased to ZAR 0.2 billion in June of 2014, from a revised ZAR 7.4 billion deficit in the previous month. This is the lowest deficit in nearly 9 years, due to a surge in exports and a decline in import.
Tuesday July 29 2014
South Africa Unemployment Rate Rises in Q2  
South African jobless rate increased for the second straight quarter to 25.5 percent in the three months to June, up from 25.2 percent in the preceding period. The number of unemployed persons increased to its highest level since 2008.
Wednesday July 23 2014
South Africa Inflation Rate Stable at 6.6%  
South African annual inflation was steady at 6.6 percent in June, after quickening to a 5-year high in May. Lower transport prices were enough to offset a rise in cost of housing and utilities.
Thursday July 17 2014
South Africa Raises Rate to 5.75%  
At its July 17th meeting, South African Reserve Bank decided to raise the repo rate by 25 bps to 5.75 percent as inflation has breached the upper end of target range.
Monday June 30 2014
South Africa Trade Deficit Down to 3-Month Low  
South African trade gap decreased to ZAR 0.65 billion in May of 2014 from a revised ZAR 12.4 billion in the previous month. It is the lowest shortfall in three months, due to a sharp fall in imports.
Wednesday June 18 2014
South Africa Inflation Up to 5-Year High  
South African annual inflation rate quickened to 6.6 percent in May of 2014 from 6.1 percent in the previous month. It is the highest rate since July of 2009, as food prices accelerated for the fifth consecutive month.
Friday May 30 2014
South Africa Trade Deficit Widens in April  
South African trade gap increased 9.6 percent to ZAR 13 billion in April from a revised ZAR 11.8 billion in the previous month, as prolonged strikes in the mining sector keep dragging exports down.
Tuesday May 27 2014
South Africa GDP Advances 1.6% YoY in Q1  
In the first quarter of 2014, South African economy advanced at a slower 1.6 percent over a year earlier, hurt by a fall in mining output. The platinum strike is now in its fifth month and is the longest in the history of South Africa's mines.
Tuesday May 27 2014
South Africa GDP Contracts in Q1  
South African economy shrank a seasonally adjusted annualized 0.6 percent in the first quarter of 2014. It is the first contraction since the 2009 recession, as the strike in the platinum sector dragged mining and manufacturing output down.
Thursday May 22 2014
South Africa Leaves Monetary Policy Unchanged  
At its May 22nd, 2014 meeting, South African Reserve Bank left the benchmark interest rate unchanged at 5.5 percent for the second straight meeting, as inflation is expected to remain outside the target for some time, while demand conditions in the economy remain subdued.
Wednesday May 21 2014
South Africa Inflation Rate Accelerates in April  
South African annual consumer prices quickened to 6.1 percent in April of 2014 from 6 percent in March. The inflation accelerated for the fifth straight month to the highest rate since August, driven by a rise in food prices.
Monday May 05 2014
South Africa Unemployment Up to 25.2%  
In the first quarter of 2014, South Africa’s jobless rate rose to 25.2 percent from 24.1 percent in the previous three months. There were 5.067 million people without work, up from 4.83 million in the preceding quarter, mainly due to job losses in agriculture, trade and transport.
Wednesday April 30 2014
South Africa Posts Sharp Trade Deficit in March  
South African trade balance turned into a wider-than-expected ZAR 11.39 billion gap in March of 2014, following a revised ZAR 0.65 billion surplus in February, as mining sales fell and imports surged.
Wednesday April 23 2014
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Monday March 31 2014
South Africa Posts Trade Surplus in February  
South African trade balance turned into a ZAR 1.72 billion surplus in February of 2014, after a large ZAR 17 billion gap in January, as exports surged 7.9 percent over the previous month and imports fell sharply by 13.2 percent.
Thursday March 27 2014
South Africa Leaves Rate on Hold  
At its March 27th, 2014 meeting, South African Reserve Bank left the benchmark interest rate unchanged at 5.5 percent, as growth outlook remains subdued while inflation risks are on the upside. The central bank hinted possible rate hikes in the medium-run.
Wednesday March 19 2014
South Africa Inflation Rate Edges Up in February  
South African annual consumer prices accelerated for the third straight month to 5.9 percent in February of 2014, up from 5.8 percent in the previous month, on higher health, fuel and petrol cost.
Friday February 28 2014
South Africa Reports Trade Deficit in January  
South Africa trade gap reached ZAR17.06 billion in January of 2014 as imports surged and exports remained virtually unchanged.
Tuesday February 25 2014
South African GDP Growth Accelerates in Q4  
South African economic growth quickened to a better-than-expected annualized rate of 3.8 percent over the previous quarter, as both mining and manufacturing sectors grew at double-digit rates. In 2013, the economy grew a meager 1.9 percent.
Tuesday February 25 2014
South Africa GDP Growth Beats Expectations in Q4  
In the last quarter of 2013, South African GDP growth accelerated to 2 percent over a year earlier, beating market expectations and up from a revised 1.7 percent expansion in the previous quarter mainly due to a surge in the mining sector.
Wednesday February 19 2014
South Africa Inflation Rate Rises in January  
South African annual inflation rate accelerated to 5.8 percent in January of 2014 from 5.4 percent in December as rand’s depreciation against the dollar pushed food and fuel costs up.
Tuesday February 11 2014
South Africa Unemployment Rate Falls in Q4 2013  
In the last quarter of 2013, South African jobless rate slowed for the second straight quarter to 24.1 percent, from a revised 24.5 percent in the previous period. The expanded definition of unemployment, including people who stopped looking for work, was recorded at 34 percent.
Friday January 31 2014
South Africa Reports Trade Surplus in December  
In December of 2013, South African trade balance turned into a surplus for the second straight month and reached ZAR 2.78 billion, breaking a two-year cycle of persistent trade deficit. Since September of 2013, trade figures include trade with regional neighbors Botswana, Lesotho, Namibia and Swaziland.
Wednesday January 29 2014
Reserve Bank of South Africa Raises Rate by 50bps  
At its January 29th meeting, Reserve Bank of South Africa decided to raise the repurchase rate by 50 bps to 5.5 percent. It is the first rate hike in nearly six years, aiming to protect the rand and curb expected inflationary pressures.
Wednesday January 22 2014
South Africa Inflation Rate Accelerates in December  
In December of 2013, South African inflation rate accelerated to an annual 5.4 percent, after slowing in the previous three months and mainly due to higher housing and transport cost. On a monthly basis, prices edged up to 0.3 percent.
Monday December 30 2013
South Africa Posts First Trade Surplus in 23 Months In November  
In November of 2013, South African trade balance turned into a surplus of R770 million from a R12.4 billion deficit in the previous month. Exports rose moderately and imports plunged compared to the previous month.
Wednesday December 11 2013
South Africa Inflation Rate Down to 5.3% in November  
In November of 2013, South African annual inflation rate eased for the third straight month to 5.3 percent from 5.5 percent in October, due to lower fuel prices. On a monthly basis, prices rose 0.1 percent, down from 0.2 percent a month earlier.
Friday November 29 2013
South Africa Trade Deficit Narrows in October  
In October of 2013, South African trade deficit narrowed to R12.39 billion from R18.4 billion in the previous month as exports increased more than imports.
Tuesday November 26 2013
South Africa GDP Growth Slows to 1.8% YoY in Q3  
In the third quarter of 2013, South African economy slowed to a 1.8 percent annual growth rate, down from 2.3 percent in the previous three-month period, as the recover in mining and quarrying was not enough to offset a drop in manufacturing.
Tuesday November 26 2013
South African GDP Slows More Than Expected in Q3  
In the third quarter of 2013, South African economy expanded an annualized seasonally adjusted 0.7 percent over the previous quarter, down from 3.2 percent in the previous three-month period and well below market expectations. It is the lowest growth rate recorded in the last four years, as the strikes in the automotive sector dragged manufacturing down.
Thursday November 21 2013
South Africa Monetary Policy Unchanged in November  
At its November 21st meeting, Reserve Bank of South Africa decided to leave the repurchase rate on hold at 5 percent as widely expected, as a weaker rand continues to pose upside risks to the inflation rate.
Wednesday November 20 2013
South Africa Inflation Rate Slows to 5.5% in October  
In October of 2013, South African inflation rate eased for the second straight month to 5.5 percent, from 6 percent in October, due to a fall in petrol prices.
Friday November 15 2013
South Africa Revises Trade Balance Calculations  
South African September trade deficit was revised to -11.95 billion ZAR, from -18.94 billion ZAR reported last month. The new data includes trade with neighbors Botswana, Lesotho, Namibia and Swaziland that has not been included. As a result, exports rose to 75.86 billion ZAR (from 66.52 billion ZAR announced earlier) and imports reached 87.81 billion ZAR (up from 85.47 billion ZAR in the first release).
Thursday October 31 2013
South African Trade Deficit Narrows in September on Falling Imports  
In September of 2013, South African trade deficit narrowed to ZAR 18.94 billion from ZAR 19.09 billion a month earlier, due to a drop in imports.
Tuesday October 29 2013
South Africa Unemployment Rate Down to 24.7% in Q3  
In the third quarter of 2013, South African jobless rate decreased to 24.7 percent, the lowest value in almost two years. The number of people without work went down to 4.66 million, down from 4.72 million in the previous three months.
Wednesday October 23 2013
South Africa Inflation Rate Decelerates to 6% in September  
In September of 2013, South African annual inflation rate slowed to 6 percent, after quickening to its highest rate in four years in August, as food and petrol prices eased. From August to September, prices accelerated to 0.5 percent, in line with market expectations, from 0.3 percent in August.
Monday September 30 2013
South Africa Trade Deficit Widens to 7-Month High  
In August of 2013, South African trade deficit widened to 19.05 billion ZAR from 13.38 billion ZAR in the previous month, due to a sharp fall in shipments of mineral products.
Thursday September 19 2013
South African Reserve Bank Leaves the Repo Rate on Hold at 5%  
The Monetary Policy Committee of the South African Reserve Bank decided on September 19th to leave the main interest rate unchanged at 5.0 percent, amid global uncertainties and downside growth risks. The Committee kept its forecast for economic growth and inflation unchanged for this year.
Wednesday September 18 2013
South Africa Inflation Rate Climbs to 4-Year High in August  
In August of 2013, South African annual inflation rate accelerated to 6.4 percent, the highest rate in four years, due to higher petrol prices. From July to August, cost of petrol increased 32c/litre, after rising 84c/litre in the previous period.
Friday August 30 2013
South African Trade Deficit Widens in July  
In July of 2013, South African trade deficit increased to ZAR 14.2 billion, from ZAR 7.71 billion in June as imports rose more than exports.
Tuesday August 27 2013
South Africa GDP Growth Accelerates to 3% QoQ in Q2  
In the second quarter of 2013, South African seasonally adjusted GDP increased by an annualized rate of 3 percent quarter-on-quarter, the fastest pace in the last four quarters, boosted by manufacturing.
Tuesday August 27 2013
South African Economy Expands 2% YoY in Q2  
In the second quarter of 2013, South African GDP expanded 2 percent over a year earlier, from 1.9 percent recorded in the first quarter. Manufacturing, agriculture and services were the main source of growth, while mining contracted.
Wednesday August 21 2013
South Africa Inflation Rate Hits 18-Month High in July  
In July of 2013, South African annual inflation rate climbed to 6.3 percent, from 5.5 percent in June, and 4.9 percent a year earlier, mainly due to a rise in petrol prices.
Wednesday July 31 2013
South African Trade Deficit Narrows in June  
In June of 2013, South African trade deficit narrowed for the second month in a row to ZAR 7.71 billion, from ZAR 11.5 billion in May, due to a rebound in mining exports.
Tuesday July 30 2013
South Africa Unemployment Rate At 2-Year High in Q2  
In the second quarter of 2013, South African unemployment rate increased to 25.6 percent, the highest rate in two years. Between the first and the second quarters of 2013, the labour force increased by 222 000 persons, reflecting a rise in the number of both unemployed persons (122 000) and employed persons (100 000).
Wednesday July 24 2013
South Africa Inflation Rate Slows to 5.5% in June  
In June of 2013, South African annual inflation rate eased for the second month in a row to 5.5 percent, from 5.6 percent in May, as most prices increased moderately.
Thursday July 18 2013
South African Monetary Policy Unchanged in July  
The Monetary Policy Committee of the South African Reserve Bank decided on July 18th to leave the main interest rate unchanged at 5.0 percent, citing conflicting policy choices relating to rising inflation and slowing growth.
Friday June 28 2013
South African Trade Deficit Narrows in May on Falling Imports  
South African trade deficit narrowed to ZAR 11.03 billion in May of 2013, from ZAR 15.91 billion in April, due to lower imports of mineral products. Exports reached ZAR 66.48 billion, while imports decreased from April to May by ZAR 4.80 billion to ZAR 77.51 billion.
Wednesday June 19 2013
South African Inflation Rate Falls to 5.6% in May  
In May of 2013, South African annual inflation rate eased for the first time in five months to 5.6 percent, from 5.9 percent in April, due to a drop in petrol prices.
Friday May 31 2013
South Africa Trade Deficit Widens in April  
South Africa's trade deficit increased to 15.02B ZAR in April from 7.77B ZAR in March as 3 percent rise in exports was not enough to offset 12.1 percent surge in imports.
Wednesday August 14 2013
South African GDP Growth Outlook Remains Weak for 2013  
Recent data updates for South Africa point to slower growth in the months ahead. Although exports are recovering, boosted by depreciating currency; high unemployment rate and inflationary pressures may continue to threaten consumption.
Tuesday May 28 2013
South African GDP Growth Slows to 0.9% QoQ in Q1 2013  
In South Africa, the seasonally adjusted GDP for the first quarter of 2013 increased by an annualized rate of 0.9 percent quarter-on-quarter, compared with an expansion of 2.1 percent in the fourth quarter of 2012. It is the weakest pace since the contraction in the second quarter of 2009, mainly due to a shrinkage in manufacturing output.
Tuesday May 28 2013
South African GDP Growth Slows to 1.9% YoY in Q1 2013  
In South Africa, the GDP for the first quarter of 2013 increased by 1.9 percent year-on-year, from 2.5 percent reported in the previous three months, the slowest expansion since early 2009. A slight recovery in the mining sector wasn't enough to offset a steep drop in manufacturing.
Thursday May 23 2013
South African Reserve Bank Leaves the Repo Rate Unchanged at 5%  
The Monetary Policy Committee of the South African Reserve Bank decided on May 23rd to leave the main interest rate unchanged at 5.0 percent, citing concerns about a lower rand exchange rate and weak economic growth.
Wednesday May 22 2013
South African Inflation Rate Unchanged at 5.9% in April  
The headline annual inflation rate in April of 2013 was 5.9 percent. This rate was the same as the corresponding annual rate of 5.9 percent recorded in the last two months. On average, prices increased by 0.4 percent between March of 2013 and April of 2013.
Monday May 06 2013
South Africa Unemployment Rate Up to 25.2% in Q1 2013  
The labour force increased by 144 000 persons between Q4 of 2012 and Q1 of 2013. This increase is reflected in an increase in the number of both unemployed persons (100 000) and employed person (44 000), which saw the unemployment rate increase by 0,3 of a percentage point from 24.9% to 25.2% in Q1 of 2013.
Tuesday April 30 2013
South Africa Trade Deficit Narrows to 7.77 billion ZAR in March from 9.7 billion ZAR in February  
The reduction in the trade deficit from 9.7 billion ZAR in February of 2013 to 7.77 billion ZAR in March was due to a 2.9 percent increase in exports and a 0.3 percent decline in imports.
Wednesday April 17 2013
South Africa Annual Inflation Rate Unchanged at 5.9% in March  
In March of 2013, South Africa's annual inflation rate was 5.9%, the same annual rate recorded in February, as a result of lower food prices.
Thursday March 28 2013
South Africa Trade Deficit Narrows in February  
The reduction in the trade deficit from 24.5 billion ZAR in January of 2013 to 9.52 billion ZAR in February was due to a 17 percent increase in exports and a 7.7 percent decline in imports.
Wednesday March 20 2013
South Africa Monetary Policy Unchanged in March  
The Monetary Policy Committee of the South African Reserve Bank decided on March 20th to leave the main interest rate unchanged at 5.0 percent.
Wednesday March 20 2013
South Africa Annual Inflation Rises to 5.9% in February  
South Africa's inflation rate spiked to 5.9% year-over-year in February, well above expectations and just shy of the central bank's 6% target ceiling. Compared with the previous month, the inflation rate increased 1%, mainly due to higher fuel and health insurance costs.
Wednesday May 22 2013
South African Economy Sends Mixed Signals  
After a weak performance in 2012, the recovery may be still out of reach. Although exports gain some growth momentum, consumption continues to disappoint.
Thursday February 28 2013
South Africa Reports the Biggest Trade Deficit on Record  
The increased trade deficit of 24.53 billion ZAR in January 2013 from 2.70 billion ZAR in December 2012 was due to increased imports of machinery and electrical appliances, mineral products, base metals, chemical products, plastics and rubber, textile and textile articles, and original equipment components. Exports decreased in precious & semi-precious metals, machinery and electronics, vehicles, vessels and aircraft.
Tuesday February 26 2013
South Africa GDP Growth Beats Estimates  
In the fourth quarter of 2012, South Africa real GDP at market prices increased by 2.5 per cent year-on-year. The main contributors were the manufacturing and construction industries and finance, real estate and business services.
Tuesday February 26 2013
South Africa GDP Growth Accelerates in Q4  
In the fourth quarter of 2012, South Africa real GDP at market prices increased by 2.1 per cent quarter-on-quarter. The main contributors were the agriculture sector, manufacturing industry, and finance, real estate and business services.
Wednesday February 20 2013
South Africa Inflation Rate Down to 5.4% in January  
In South Africa, the inflation rate slowed to 5.4 percent in January of 2013, well below the market's expectations, mainly due to a reduction in food and transport prices.
Tuesday February 05 2013
South Africa Unemployment Rate Decreases to 24.9% in Q4 2012  
The labour force decreased by 235 000 persons between the third quarter of 2012 and the fourth quarter of 2012. This decrease was reflected in a decrease in the number of both unemployed persons (166 000) and employed persons (68 000), which saw the unemployment rate decline by 0.6 of a percentage point from 25.5 percent to 24.9 percent in the fourth quarter of 2012.
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