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Friday, September 27,
2019 / 03:00PM / United Capital Research / Header Image
Credit: Businesslive.co.za
Recently, the South African Reserve Bank (SARB) published its Q2-19 statistical bulletin. According to the report, real economic activity rebounded during the period, up 3.1% q/q and 0.9% y/y in Q219 compared -3.1% q/q and 0.0% y/y in Q1-19. This was buoyed by the improvement in the power situation of the country that had hampered output in Q1-19. Also, the report showed that Foreign Direct Investment (FDI) inflows rose from c. $0.8bn in Q1-19 to $1.8bn in Q2-19 as domestic firms received debt and equity funding from foreign parent companies.
However, the report showed that the S/Africa's official unemployment rate increased markedly to 29.0% in Q2-19 - the highest since the inception of the Quarterly Labour Force Survey in 2008. This was worsened by a significant number of new entrants and previously discouraged work-seekers actively searching for jobs which entered the labour market and elevated the number of unemployed people to a new all-time high.
South Africa's trade balance with the rest of the
world switched from a surplus in Q1-19 to a deficit in Q2-19, as the increase
in the value of net gold and merchandise exports was less than that of imports.
In all, investor confidence in South Africa remains fragile, while the economic
growth outlook is clouded by a lack of clarity and progress on reforms.
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Sep-19 Policy Rate Decision - September 27th
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Jul-19 Trade Balance - September 30th
Q2-19 GDP Report- September 30th
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Jul-19 M2 Money Supply - September 30th
Senegal
Q2-19 GDP Report– October 11th
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Morocco
Q2-19 GDP Report - September 30th
Aug-19 M3 Money Supply - September 30th
Nigeria
Q2-19 Current Account - September 27th
Aug-19 Private Sector Credit - September 30th
South Africa
Aug-19 Electricity Production - September
30th
Aug-19 Private Sector Credit - September 30th
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