Fiscal Balance in South Africa
South Africa - Fiscal BalanceSouth Africa’s economy has, slowly but surely, been on the mend since last year’s short-lived recession, but a number of potential setbacks threaten its further recovery. On the heels of last year’s household spending- and net export-led fourth quarter, available first-quarter indicators have been downbeat; lower inflation has done little to bolster retail sales, while dwindling business confidence and feeble manufacturing output hint at another round of foregone outlays on machinery and equipment. More recently, however, Moody’s upheld its investment-grade credit rating on 2 April. That said, rolling blackouts—testament to Eskom’s mismanagement—and general elections scheduled for 8 May are each taking their toll. President Cyril Ramaphosa’s market-friendly reforms will be on the line, although opinion polls suggest that his African National Congress should secure another majority.
South Africa - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-4.1||-3.7||-3.6||-3.3||-3.5|
5 years of economic forecasts for more than 30 economic indicators.
South Africa Fiscal Balance Chart
Source: South African Reserve Bank
South Africa Facts
|Bond Yield||8.48||0.29 %||Apr 12|
|Exchange Rate||13.94||-0.21 %||Apr 12|
|Stock Market||0.5||-0.44 %||Apr 12|
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April 17, 2019
Consumer prices rose 0.8% from a month earlier in March, matching February’s 0.8% increase.
South Africa: Ramaphosa’s economic reforms, majority for the ANC expected to survive general elections
April 12, 2019
Cyril Ramaphosa’s presidency and his promised “new dawn”, which hinges on the further implementation of sorely-needed economic reforms, will be on the ballot when South Africans head to the polls on 8 May.
April 11, 2019
A preliminary estimate revealed little improvement for the manufacturing sector in February.
April 3, 2019
In March, the Standard Bank Purchasing Managers’ Index (PMI) slid 0.4 points to 48.8 points, landing below the 50-point threshold that distinguishes improvement from deterioration in the South African private sector. March’s downturn largely reflected a decline in output and new orders.
March 28, 2019
At its meeting ending 28 March, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) kept the repurchase rate unchanged at 6.75%.