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Contents
The economy Africa is one of the fastest growing parts of the world yet South Africa will lag behind. 1 Media The Protection of State Information Bill of 2011 may now, as amended, genuect enough towards guaranteed rights to convince a majority of Constitutional Court judges that it passes constitutional muster. 2 Survey The Institute presents our South Africa in Brief statistical breakdown, based on the 2010/2011 South Africa Survey. 3-18 Fast Stats 19-24
The economy
A
S
frica is one of the fastest growing parts of the world yet South Africa will lag behind.
Editor-in-Chief John Kane-Berman Editor Lucy Holborn Typesetter Martin Matsokotere P O Box 291722, Melville, Johannesburg, 2109 South Africa
Visit the Institutes website for additional research and policy material
outh Africa is the third slowest growing economy in sub-Saharan Africa, growing faster than only Zimbabwe and Swaziland. At a brieng to Institute members last month, three prominent economists, Azar Jammine, Chris Hart, and Dawie Roodt, presented their outlooks for the South African economy in 2012 and beyond. All three said that South Africa was unlikely to experience the high growth being seen elsewhere on the continent. Dr Jammine said that just over 15 years ago South Africa accounted for almost half of sub-Saharan Africas GDP and more than three quarters of that of the Southern African Development Community (SADC). By 2030 South Africas share will have dropped to only a quarter of sub-Saharan GDP and half of SADC GDP. The countrys falling share of regional GDP can partly be explained by the fact that other countries are catching up in economic terms, but it is also because of South Africas relatively sluggish growth. The countrys average annual growth between 2012 and 2016 is projected to be 3.4%, compared to, for example, 7.8% in Mozambique and 7.5% in Zambia. Increasingly, South African companies and individuals are recognising the potential of growing consumer markets and investment opportunities on the continent. Direct investment by South African entities in Africa has grown nearly tenfold over the last decade, from R12.3bn in 2000 to R115.7bn in 2009. While the rest of the continent is set to benet from population and commodity booms, and growing investment, South Africa seems likely to lag behind.
SOUTH AFRICAS SHARE OF REGIONAL GDP, 1995-2030 1995 As a proportion of SADC As a proportion of sub-Saharan Africa 78.2% 47.3% 2009 60.6% 31.8% 2011 63.7% 34.6% 2030 49.7% 24.7%
INFORMATION SERVICE
Contact Tamara Dimant, Head of Information (011) 482-7221 fax (011) 482-7920 or e-mail: tdimant@sairr.org.za
Lucy Holborn
SAIRR internal reference: PD04/2012
ISSN 1019-2514
Published by the South African Institute of Race Relations with the nancial assistance of the Friedrich Naumann Foundation for Liberty, the International Republican Institute, and the National Endowment for Democracy.
MEDIA
T
T
he Protection of State Information Bill of 2011 may now genuect enough towards guaranteed rights to convince a majority of Constitutional Court judges that it passes constitutional muster. However, this is not so. For the Bill still gives classication powers to hundreds of organs of state, bars independent or judicial review of classication decisions, and threatens journalists with imprisonment merely for accessing, receiving, obtaining or possessing classied information without communicating it at all.
he Government has been canny enough to change the Protection of State Information Bill of 2011 (the Bill) in ways that might persuade a majority of Constitutional Court judges that the measure now passes constitutional muster. The changes genuect towards the Constitutions guaranteed right to receive or impart information and could be seen as bringing the Bill into line with the Constitution. In practice, however, the safeguards are likely to prove meaningless, and the Bill remains in breach of guaranteed rights. The Bill now contains three key safeguards. First, it emphasises the importance of guaranteed rights to free speech and access to information. Second, it states that information may be classied only where demonstrable harm to national security would otherwise result, while national security is quite narrowly dened. Third, the Bill is emphatic that classication may not under any circumstances be used to conceal an unlawful act or omission, cover up incompetence or administrative error, or limit scrutiny [to] avoid criticism. But three key problems also remain. First, hundreds of organs of state will still be able to acquire the power to classify, increasing the likelihood of chronic over-classication. Second, classication decisions will not be open to independent review. Third, the right to appeal against such decisions will be severely circumscribed. In addition, the penalty clauses threaten journalists and other commentators with substantial periods of imprisonment not only for communicating classied information but also for merely possessing, obtaining, or receiving it. The Bill also indicates that a person who intentionally accessesany classied information without permission to do so is punishable by a prison term of up to ten years without the option of a ne. This penalty is as severe as that for intentionally hacking into a state computer. This clause suggests that any journalist, academic, MP, or other person who opens and reads an e-mail attachment that happens to contain classied information could immediately be vulnerable to imprisonment, merely for having perused it without knowing it be classied. Where information has been illegally classied for ulterior purposes, the State may nd it difcult to apply the various penalty provisions in the Bill. Classication decisions made to conceal incompetence or corruption are not only illegal but also invalid, as they lie beyond the classication powers conferred by the Bill. This means the material in question has never been lawfully classied at all and that people cannot be punished under the Bill for obtaining or communicating it. In practice, however, journalists and other commentators will need considerable courage to obtain or publish classied information, irrespective of how obvious the illegality and invalidity of the classication decision might seem. Few will want to run the risk of arrest and prosecution, even if they know they are likely to be vindicated in the end. Media companies, political parties, and civil society organisations will also need deep pockets to fund defences against such prosecutions and may soon ght shy of dealing with classied information at all. The Bills supposed support for free speech is welcome but is not to be taken at face value. There is too much devilry in the detail of the Bills provisions and in the disproportionate penalties it still lays down. The Government claims there is no need to introduce a public interest defence for journalists, but this is not so. The Government also says there is no precedent for such a public interest defence in the laws of other countries. This is not true. On the contrary, such defences are included in Canadian, Danish, and German law, and are endorsed by the United Nations and the Council of Europe. Anthea Jeffery
NATIONAL PROFILE
Source: Actuarial Society of South Africa (ASSA), ASSA 2008 AIDS and Demographic Model, March 2011; Statistics South Africa (Stats SA), Mid-year population estimates, South Africa 2004, Statistical release P0302, 27 July 2004, Mid-year population estimates, South Africa, 2005, Statistical release P0302, 31 May 2005, Mid-year population estimates 2011, Statistical release P0302, 27 July 2011 a The Actuarial Society of South Africa (ASSA) 2008 estimates assume that all interventions such as prevention of mother-to-child transmission and provision of antiretrovirals are in place. b Deaths of infants under 1 year per 1 000 live births. c Number of live births in a year per 1 000 of population. d Number of deaths in a year per 1 000 of population.
1014
1519
2024
2529
3034
3539
4044
4549
5054
5559
6064
6569
7074
7579
8084
8589
04
59
1997 2004
1998 2005
1999 2006
2000 2007
2001 2008
2002 2009
2003
Source: Stats SA, Mortality and causes of death in South Africa 2009: Findings from death notication, Statistical Release P0309.3, 30 November 2011, p31
Source: ASSA, ASSA 2008 AIDS and Demographic Model, March 2011 a These gures are based on the change assumption in which there would be antiretroviral therapy (ART) provided, interventions to stem mother-to-child transmission, and changes in sexual behaviour. b SAIRR calculations. c Forecasts.
90+
NATIONAL PROFILE
THE ECONOMY
LAST YEAR AT A GLANCE
2011 GDP (current basic prices) Real GDP growth at market prices Agriculture etca (2.4% of GDP) Mining etcb (9.8% of GDP) Secondary sector (20.8% of GDP) Manufacturing (13.4% of GDP) Tertiary sector (67.0% of GDP) GDP per head (current) Gross domestic saving as a proportion of GDP Saving as proportion of disposable income of households Household debt as proportion of disposable income of households Gross xed capital formation (GFCF) GFCF as proportion of GDP GFCF by public authorities (constant prices) by public corporations by private business Current account surplus/decit Capital account surplus Current account surplus/decit as proportion of GDP Ination rate Food ination rate Producer price rise Administered price rise Imported producer ination Value of merchandise exports (including gold) Value of merchandise imports (including oil and arms) Prime overdraft rate (average) Real prime overdraft rate (average) Average gold price Average exchange rate (R/) Average exchange rate (R/$) R2 671bn 3.1% -0.4% 0.2% 2.1% 2.4% 3.6% R58 549 16.4% -0.1% 75.8% R560bn 18.9% up 0.8% up 4.2% up 5.3% -R99bn R131bn -3.3% 5.0% 7.3% 8.4% 11.7% 9.9% R708bn R723bn 9.0% 3.8% 1 569 10.08 7.25
Source: South African Reserve Bank (SARB), Stats SA, South African Revenue Service (SARS) a Agriculture includes forestry and shing. b Mining includes quarrying.
NATIONAL PROFILE
Source: Stats SA, Quarterly Labour Force Survey Quarter 4, 2011, Statistical release P0211, 7 February 2012; Department of Public Service and Administration, email communication 13 July 2010 and 26 May 2011; IHS Global Insight Southern Africa, Regional eXplorer ver 574, 2011 a All gures are for the fourth quarter of 2011 unless otherwise stated. All unemployment gures are according to the ofcial denition unless otherwise stated. b Excluding agriculture and private households. c Excluding local government.
NATIONAL PROFILE
Source: World Economic Forum, Global Competitiveness Report 201112, 2011; Department of Trade and Industry, Annual Review of Small Business, 20062007; The World Bank and the International Finance Corporation (IFC), Doing Business 2012; World Economic Forum, Financial Development Report, 2010; Fraser Institute, Survey of Mining Companies 2010/2011; The Heritage Foundation, www.heritage.org, accessed 19 March 2012; Empowerdex 2010; Business Times, 17 October 2010; Andrew Levy Employment Publications, The Wage Settlement Survey Quarterly Report, December 2011; South African Tourism, SA Tourism Annual Report 2010; Economist Intelligence Unit, Digital economy rankings 2010: Beyond e-readiness, 2010
Source: Stats SA, Gross Domestic Product Fourth Quarter 2011, Statistical release P0441, 28 February 2012, p12; Quarterly Labour Force Survey Quarter 4, 2011, Statistical release P0211, 7 February 2012, p15; National Treasury, Tax Statistics 2011, February 2012, p43, pp91-92 a Including private households. b Assessed individual taxpayers tax assessed by economic activity 2010. c Companies tax assessed by economic activity 2009. d Includes where the sector was indicated as Other or where the sector was left blank on the tax return.
10
NATIONAL PROFILE
EDUCATION
NATIONAL SENIOR CERTIFICATE (NSC) RESULTS, 200811
Province Eastern Cape Year 2008 2009 2010 2011 Change 2008 2009 2010 2011 Change 2008 2009 2010 2011 Change 2008 2009 2010 2011 Change 2008 2009 2010 2011 Change 2008 2009 2010 2011 Change 2008 2009 2010 2011 Change 2008 2009 2010 2011 Change 2008 2009 2010 2011 Change Candidatesa 60 294 68 129 64 090 65 359 8.4% 29 963 29 808 27 586 25 932 -13.5% 92 723 98 659 92 241 85 367 -7.9% 136 743 132 176 122 444 122 126 -10.7% 84 614 83 350 94 632 73 731 -12.9% 42 157 53 978 51 695 48 135 14.2% 33 157 30 665 28 909 25 364 -23.5% 9 948 10 377 10 182 10 116 1.7% 43 966 44 931 45 764 39 690 -9.7% Number 30 511 34 731 37 364 37 997 24.5% 21 518 20 680 19 499 19 618 -8.8% 70 837 70 871 72 537 69 216 2.3% 78 762 80 733 86 556 83 201 5.6% 45 973 40 776 54 809 47 091 2.4% 21 855 25 854 29 382 31 187 42.7% 22 563 20 700 21 876 19 737 -12.5% 7 237 6 356 7 366 6 957 -3.9% 34 488 34 017 35 124 33 110 -4.0% Passesb Proportion 50.6% 51.0% 58.3% 58.1% 14.8% 71.8% 69.4% 70.7% 75.7% 5.4% 76.4% 71.8% 78.6% 81.1% 6.2% 57.6% 61.1% 70.7% 68.1% 18.2% 54.3% 48.9% 57.9% 63.9% 17.7% 51.8% 47.9% 56.8% 64.8% 25.1% 68.0% 67.5% 75.7% 77.8% 14.4% 72.7% 61.3% 72.3% 68.8% -5.4% 78.4% 75.7% 76.8% 82.9% 5.7% Bachelors passc Number Proportion 8 673 14.4% 9 492 13.9% 10 225 16.0% 10 291 15.7% 18.7% 9.0% 6 291 21.0% 6 030 20.2% 5 890 21.4% 6 817 26.3% 8.4% 25.2% 28 248 30.5% 28 709 29.1% 31 301 33.9% 30 037 35.2% 6.3% 15.4% 24 940 18.2% 26 287 19.9% 31 466 25.7% 27 397 22.4% 9.9% 23.1% 10 651 12.6% 10 202 12.2% 14 757 15.6% 12 946 17.6% 21.5% 39.7% 5 535 13.1% 6 556 12.1% 8 147 15.8% 8 866 18.4% 60.2% 40.5% 6 426 19.4% 6 356 20.7% 8 021 27.7% 7 187 28.3% 11.8% 45.9% 1 997 20.1% 1 741 16.8% 2 152 21.1% 2 012 19.9% 0.8% -1.0% 14 503 33.0% 14 324 31.9% 14 412 31.5% 15 214 38.1% 4.9% 15.5%
Free State
Gauteng
KwaZulu-Natal
Limpopo
Mpumalanga
North West
Northern Cape
Western Cape
Source: Department of Basic Education, Report on the National Senior Certicate Examination 2011: Technical Report, Department of Basic Education, Report on the National Senior Certicate Examination 2011: National Diagnostic Report on Learner Performance a This refers to the number of candidates who wrote the National Senior Certicate, and not the number who enrolled. b In order to pass the NSC, a pupil needs to achieve 40% in three subjects, one of which must be a home language, and 30% in a further three subjects. c This allows a pupil to study for a Bachelors degree. The minimum requirement is an NSC with at least 30% in the language of learning and teaching, and 50% in four or more subjects.
11
Source: Department of Basic Education, National Education Infrastructure Management System (NEIMS) Report May 2011 a Proportion of schools in the province.
HEAD-COUNT ENROLMENT AT UNIVERSITIES AND UNIVERSITIES OF TECHNOLOGY BY RACE, 1995 AND 2010
1995 2010
12
NATIONAL PROFILE
Source: ASSA, ASSA2008 AIDS and Demographic Model, March 2011; Reply by the minister of health to parliamentary question 641/2011 by Mrs H Lamoela (DA), 7 March 2011; Stats SA, Mortality and causes of death in South Africa 2007: Findings from death notication, Statistical Release P0309.3, November 2009; The World Bank, World Development Indicators 2011, April 2011; Council for Medical Schemes, Council for Medical Schemes Annual Report 2010-11; Department of Health (DOH), South African Malaria Country Prole 2010, 7th December 2010; Health Systems Trust, www.hst.org.za; National Treasury, Estimates of National Expenditure 2011
Source: Health Systems Trust, www.hst.org.za, accessed 9th September 2011 a The number of children who weigh below 60% of expected weight for age per 1 000 children under the age of ve.
13
Source: Stats SA, General Household Survey 2010, August 2011, p76
Source: National Treasury, Estimates of National Expenditure 2011, p404 a The total for 2001 includes 10 000 other grants including maintenance grants, institutional grants, and unclaimed benet grants.
14
NATIONAL PROFILE
2010 11 000 000 1 859 000 1 385 000 60 000 14 304 000 49 869 000 3.5 12 774 000 5 942 000 4 161 000 8 638 000 11 893 000 10 176 000 6 530 000 8 720 000
Change 1996-2010 Change 1996-2010 (actual numbers) (proportion) 5 205 614 405 985 -259 388 -107 782 5 244 429 9 285 427 -1 5 539 972 1 965 145 2 669 772 4 085 146 6 674 687 5 908 942 2 498 491 3 882 189 89.8% 27.9% -15.8% -64.2% 57.9% 22.9% -22.2% 76.6% 49.4% 179.0% 89.7% 127.9% 138.5% 62.0% 80.2%
5 794 386 1 453 015 1 644 388 167 782 9 059 571 40 583 573 4.5 7 234 028 3 976 855 1 491 228
e
Traditional
c
Total number of dwellings/households Population Average household size Access to piped water
d
Access to piped water in dwelling Access to piped water on site/in yard Access to ush or chemical lavatories only Use of electricity for lighting Use of electricity for cooking Use of electricity for heating Refuse removal by local authority
4 552 854 5 218 313 4 267 058 4 031 509 4 837 811
Source: Stats SA, General Household Survey 2010, Statistical release P 0318, 3 August 2011 revised, pp939, 103107, and 116132; Census 2001: Primary tables South Africa, Census 1996 and 2001 compared, 2004, pp7998 a b c d e Formal refers to house/brick structure on separate stand or yard, at in block of ats, town/cluster/semi-detached house, a room/house/dwelling in backyard, dwellings on a shared property, or a room/atlet on a property or a larger dwelling servants quarters/granny at. Informal refers to dwelling/shack in backyard and not in backyard. This includes caravan/tent, hostels and compounds, units in retirement village, and other unspecied dwellings. This includes piped water in dwelling, on-site/yard, or on a communal tap/access point outside yard. This includes in dwelling, on-site, and off-site access; also includes ush lavatories connected to a sewage system and those with septic tanks.
Source: Stats SA, General Household Survey 2010, Statistical release P 0318, 3 August 2011 revised, p34
15
Source: Stats SA, General Household Survey 2010, Statistical release P 0318, 5 May 2011, pp21, 25, 26, 31
Source: Stats SA, General Household Survey 2010, Statistical release P 0318, 3 August 2011 revised, p97; Census 2001: Primary tables South Africa, Census 96 and 2001 compared, 2004, p79 a Backyard informal dwellings are ones erected within the boundaries of existing residential properties. By contrast, non-backyard informal dwellings are by denition those erected on vacant land, and will most likely form part of an informal settlement.
CONDITION OF ROADS
AA (2008)a 27.0% 32.0% 25.0% 11.0% 5.0% 100.0% DoT (2010)b 3.7% 8.6% 26.0% 43.2% 18.4% 100.0%
Source: FinMark Trust, Finscope South Africa 2010, November 2010, p13
Source: Reply by the minister of transport to question 1563 by Mr N J J van R Koornhof MP (Cope), 10 June 2011 a Automobile Association gures referring to all paved national and provincial roads. b Department of Transport gures referring to paved roads only. There is a total of 153 719 km of paved roads in the country. Information was only given on the condition of 114 861 km of this. c Figures should add up vertically but may not, due to rounding.
16
NATIONAL PROFILE
1994/95
2010/11
Change 1994/95
15 940 -38.6% 15 493 -42.2% 66 196 198 602 185 891 101 463 54 883 47.9% -7.9% -7.2% 19.7% 68.0%
Common assault Aggravated robbery Common robbery Contact-related crimes Arson Malicious damage to property Property-related crimes Residential burglary Business burglary Theft of motor vehicles and motorcycles Theft out of motor vehicles Stock theft Crimes heavily dependent on police action for detection Illegal possession of arms and ammunition Drug-related Driving under the inuence of alcohol or drugs Other serious crimes Other theft Commercial Shoplifting Total
84 785 32 659
28 318
13 251
-53.5% -21.1%
247 630
7.0%
14 472
31.6%
28 118 66
29 301 133
Source: South African Police Service (SAPS), www.saps.gov.za, accessed 8 September 2011 Not all crimes have been included. This table includes only the 20 most serious categories of crimes plus arson. Arson has been included for continuity although it falls outside the denition of a serious crime. The SAPS denes a serious crime as one occurring with a frequency of more than 10 000 cases a year or at a rate of 20 per 100 000 of the population. b This category of crime replaces rape and indecent assault. Owing to the implementation of the Criminal Law (Sexual Offences and Related Matters) Amendment Act 32 of 2007 on 16 December 2007, the denitions of rape and indecent assault have been changed. As a result, comparisons with earlier information may not be valid. c This refers to assault with intent to inict grievous bodily harm. d Includes bank robberies, car and truck hijackings, robbery of business premises, robbery at residential premises, and robbery of cash-in-transit. a
17
Year 1994/95 1995/96 1996/97 1997/98 1998/99 1999/2000 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 Initial period2010/11
Banks N/A N/A 561 463 493 450 469 356 127 54 58 59 129 144 102 93 39 -93.0% -58.1%
Source: SAPS, www.saps.gov.za, accessed 8 September 2011 a Robberies at business and residential premises, as opposed to burglaries, occur in the presence of occupants of the premises and involve violent confrontation, usually with a harmful object, with victims. N/A Not available.
18
Fast stats
LABOUR LOG
Labour participation rate 4Q 2011 (supply) Labour absorption rate 4Q 2011 (demand) Public sector employment 3Q 2011 Private sector employment 3Q 2011 Employment change (annualised) (Feb) formal sector informal sector permanent temporary Total employment 4Q 2011 Employees in non-farm enterprises registered for income tax Number of such employees Expected employment increase 1Q 2012 Unemployment rate 4Q 2011 (official) Unemployment rate 4Q 2011 (expanded including discouraged) Change in total employment agriculture mining manufacturing utilities construction trade transport finance community and social services private households Nominal wages per worker 3Q 2011 Real wages per worker 3Q 2011 Nominal remuneration/worker public 3Q 2011 Nominal remuneration/worker private 3Q 2011 Real remuneration/worker public 3Q 2011 Real remuneration/worker private 3Q 2011 Labour productivity 3Q 2011 Nominal unit labour costs 3Q 2011 Compensation of employees to GDP (at factor cost) 2011 Average monthly earnings (Nov 2011) Average wage settlements (this year to Mar) Number of strike mandays 2011 54.3% 4Q 2010: 53.6% 41.3% 4Q 2010: 40.8% up 1.4% compared to 3Q 2010 up 2.6% compared to 3Q 2010 1.5% since Jan 2012 0.2% 4.3% 0.1% 0.4% 13 497 000 4Q 2010: 13 132 000 up 1.6% Dec 2011 vs Dec 2010 up 130 000 to 8 381 000 +1% point 1Q 2011: +5% points 23.9% 4Q 2010: 24.0% 35.4% 4Q 2010: 35.8% 365 000 4Q 2011 vs 4Q 2010 3 000 29 000 6 000 -13 000 1 000 85 000 27 000 145 000 76 000 1 000 up 8.6% compared to 3Q 2010 up 0.3% up 13.7% up 6.3% up 4.9% down 1.9% up 0.3% up 8.3% 50.1% 2010: 50.6% R13 284 Nov 2010: R12 274 7.3% Jan-Mar 2011: 8.2% 6.2m 2010: 14.6m SARB SARB SARB SARB SARB SARB SARB SARB SARB Stats SA/QES Andrew Levy Andrew Levy Stats SA/QLFS Stats SA/QLFS SARB SARB Adcorp Adcorp Adcorp Adcorp Adcorp Stats SA/QLFS Stats SA/QES Stats SA/QES Manpower Number: 4.2 million Number: 7.4 million Stats SA/QLFS
19
Fast stats
INVESTMENT INDEX
Real gross fixed capital formation (GFCF) 2011 GFCF GDP 2011 Gross domestic saving GDP 2011 Real GFCF by public authorities by public corporations by private business Real GFCF in mining and quarrying in manufacturing in electricity, gas and water in transport and communication in finance etc in community, social and personal services Real GFCF in residential buildings in non-residential buildings in construction works in transport equipment in machinery and equipment Foreign investment into SA 2011 direct (FDI) portfolio other SA investment abroad 2011 direct portfolio other Balance on financial account 2011 Equities net purchases/sales by foreigners (this year to Feb) Bonds net purchases/sales by foreigners (this year to Feb) R4.6bn -R44.5bn -R3.6bn R77.4bn -R7.9bn R10.6bn R0.6bn -R33.4bn -R22.1bn R69.8bn Jan-Feb 2011: -R1.4bn Jan-Feb 2011: -R6.8bn R42.2bn R47.0bn R31.7bn 2010: R9.0bn R107.9bn R7.9bn R380bn 18.9% 16.4% up 0.8% up 4.2% up 5.3% up 8.1% up 10.4% up 5.3% up 4.8% down 1.5% up 1.0% down 6.6% down 2.0% up 0.6% up 6.6% up 11.7% up 4.4% compared to 2010 2010: 19.6% 2010: 16.6% 2011 vs 2010 (Target: 25%)
SOCIO-ECONOMIC SCOREBOARD
Total population (mid 2011 estimates) GDP per head 2011 Real growth in GDP per head 2011 Household saving to disposable income 2011 Household debt to disposable income 2011 Household debt-service cost to disposable income 2011 50.59m R58 549 2.1% -0.1% 75.8% 6.8% 2010: 49.99m current prices 2010: 1.9% 2010: -0.3% 2010: 78.2% 2010: 7.8% Stats SA SARB SARB SARB SARB SARB
20
Fast stats
HOUSING HIGHLIGHTS
House Price Index (nominal) (medium size) (Feb) House Price Index (real) (Jan) Mortgage advances (Feb) Houses built smaller than 81m2 (Jan) Houses built/being built (government subsidy)
a
up 1.2% down 4.4% up 2.3% up 125.5% 3 219 236 185 425 up 4.4% down 6.7% up 2.8% up 5.6% up 4.8% down 3.3% up 9.3% up 3.4% up 9.2% down 11.3% up 6.1%
compared to Feb 2011 compared to Jan 2011 compared to Feb 2011 compared to Jan 2011
Apr 1994Mar 2011 (up 6.1% from Mar 2010) down 18% on same period previous year compared to 4Q 2010 Absa Absa Absa
Absa
Government housing delivery (Apr 2010Mar 2011)a House price trends (nominal) (average) 4Q 2011 Affordable houses (4079m2/priced at under R480 000) Small houses (80140m /R706 367) (average price) Medium houses (141220m2/R992 252) Large houses (221400m /R1 529 548) All houses (80400m2/R1 071 377) Luxury housing (costing more than R3.5m) Greater Johannesburg (80400m2/R1 204 034) Cape Town metro (80400m /R1 233 427) Durban metro (80400m /R1 001 574) PE/Uitenhage metro (80400m /797 041) Cost of building a new house (average)
aDepartment of Human Settlements.
2 2 2 2 2
Absa Absa
INFLATION INDEX
Headline inflation rate (Feb 2012 vs Feb 2011) Housing and utilities (22.56%)* Transport (18.80%)* Food and non-alcoholic beverages (15.68%)* Insurance and other services (13.56%)* Household contents and services (5.86%)* Alcohol and tobacco (5.58%)* Recreation and culture (4.19%)* Clothing and footwear (4.11%)* Communication (3.22%)* Restaurants and hotels (2.78%)* Education (2.19)* Health (1.47%)* Rise in administered (non-market) prices Inflation without administered prices CPI for primary urban areas (larger cities/towns) CPI for secondary urban areas (smaller towns) CPI for rural areas Producer price rise (PPI) Imported producer inflation
*Weighting
6.1% 6.6% 6.8% 9.6% 5.5% 2.3% 6.4% 0.3% 3.7% -1.6% 5.6% 8.6% 5.1% 11.7% 5.1% 6.0% 6.6% 7.4% 8.3% 13.0%
same period previous year: 3.7% 6.4% 2.6% 3.6% 3.2% 0.4% 7.2% -1.6% 1.2% -2.4% 4.7% 9.2% 6.6% 9.9% 2.7% 3.6% 3.9% 3.4% 5.5% 2.5%
21
Fast stats
BUSINESS BAROMETER
Leading business indicator (Jan) Use of manufacturing production capacity 2011 Manufacturing production (volume) (Jan) Total vehicles sold (this year to Mar): 156 701 Vehicles exported (this year to Mar): 58 114 Tractors sold (this year to Mar): 2 235 Electricity consumed (this year to Feb) Total building plans passed (value) (Jan) Total buildings completed (value) (Jan) All building costs (average) 1Q 2012 Cement sales (tonnes) (Jan) Mining production (volume) (Jan) Retail sales (value) (Jan) Wholesales (value) (Jan) Current adspend (Jan): R2.0bn Number of liquidations (this year to Feb): 400 Judgements for debt (Jan): 35 347 Tourism accommodation occupancy rate (Jan) Overseas tourists 2011: 2 176 719 down 0.3% 80.3% up 2.4% up 6.0% down 11.1% up 37.1% up 1.0% down 12.4% up 7.2% up 13.5% up 22.0% down 2.4% up 6.9% up 6.8% up 11.1% down 43.8% down 13.8% 45.9% down 1.8% on same period last year 2010: 80.0% on same period last year on same period last year on same period last year on same period last year on same period last year on same period last year on same period last year on same period last year on same period last year on same period last year on same period last year on same period last year on same period last year on same period last year on same period last year Jan 2011: 40.5% compared to 2010 SARB Stats SA Stats SA NAAMSA NAAMSA SAAMA Stats SA Stats SA Stats SA BER CCI Stats SA Stats SA Stats SA A C Nielsen Stats SA Stats SA Stats SA Stats SA
BETTER : 13
WORSE : 6
CONFIDENCE COUNT
RMB/BER business confidence index 1Q 2012 Sacci business confidence index (Mar) BER/DTI manufacturing confidence index 1Q 2012 FNB/BER building confidence index 1Q 2012 BER building contractors confidence index 1Q 2012 FNB/BER civil construction index 1Q 2012 Consumer financial vulnerability index 4Q 2011 Ernst&Young/BER financial services index 4Q 2011 FNB/BER consumer confidence index 1Q 2012 black consumer confidence index 1Q 2012 white consumer confidence index 1Q 2012 high-income household confidence index 1Q 2012 low-income household confidence index 1Q 2012 Kagiso purchasing managers index (PMI) (Mar) Sacci trade activity index (TAI) (Feb) Sacci trade expectations index (TEI) (Feb) FNB/TBCSA tourism business index (TBI) 4Q 2011 Vehicle sales confidence indicator 1Q 2012 Agricultural business confidence index 1Q 2012 up 14 points down 3.8 points up 12 points up 5 points up 12 points up 8 points down 0.09 points up 4 points no change no change no change no change up 3 points down 2.8 points up 9 points up 2 points up 17.3 points up 0.3 points up 2 points to 52 since 4Q 2011 to 95.7 since Feb 2012 to 47 since 4Q 2011 to 34 from 4Q 2011 to 31 since 4Q 2011 to 34 from 4Q 2011 to 63 from 3Q 2011 from 5 in 4Q 2011 from 12 in 4Q 2011 from -5 in 4Q 2011 from 8 in 4Q 2011 to -0 since 4Q 2011 to 55.1 since Feb 2012 to 57 since Jan 2012 to 55 since Jan 2012 to 87.3 since 3Q 2011 to 6.4 since 4Q 2011 to 64.0 from 1Q 2011 (scale 0100) (2010 = 100) Sacci (scale 0100) (scale 0100) (scale 0100) (scale 0100) (scale 0100) (scale minus 100100) (scale minus 100100) (scale minus 100100) (scale minus 100100) (scale minus 100100) (2000 = 100) BER (scale 0100) (scale 0100) (scale 0100) (scale 110) WesBank (2001 = 50) ABC/IDC
BETTER : 12
South African Institute of Race Relations
UNCHANGED : 4 22
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Fast Facts April 2012
Fast stats
ECONOMIC BAROMETER
GDP 2011 (basic prices) GDP growth at market prices 2011 Agriculture (2.4% of GDP) Mining (9.8%) Manufacturing (13.4%) Electricity and water (2.9%) Construction (4.5%) Non-farm GDP growth 2011 Govt consumption expenditure growth 2011 Govt capital expenditure growth 2011 Public sector expenditure to GDP 2011 Exports (this year to Feb) Imports (this year to Feb) Trade balance (this year to Feb) Gold and forex reserves (Mar) Reserves/imports (Feb) Current account deficit 2011 as proportion of GDP Capital account surplus 2011 Gold price per ounce (average) (Mar) Gold price per ounce (average) (Mar) Platinum price per ounce (average) (Mar) Platinum price per ounce (average) (Mar) Crude oil price (dated brent/barrel) 5/4/12 Petrol (premium pump price per litre Gauteng) 11/4/12 Growth in money supply (M3) (Feb) Change in private sector credit extension (Feb) Prime overdraft rate (average) 11/4/12 Real prime overdraft rate (average) (Feb) Repo rate (average) 11/4/12 /R 0.0974 R/ 10.2642 /R 0.7626 R/ 12.412 $/R 0.1279 R/$ 7.8179 -0.4% 0.2% 2.4% 1.3% 0.8% 3.1% 4.5% 0.8% 28.7% R110bn R131bn -R21bn R389bn 6.0 to 1 R99bn 3.3% R131bn $1 674 R12 753 $1 656 R12 596 $122.70 R11.94 5.9% 7.9% 9.0% 2.7% 5.5% /R 10.566 R/ 0.0946 -8%/-6%/+16% -16%/-8%/+13% -14%/-13%/+8% -16%/-19%/-6% -11%/-9%/+10% R2 671bn 3.1% 2010: 2.9% 4.4% 3.3% 3.5% 2.4% 3.9% Trade etc (14.5%) Transport and communication (8.2%) Finance etc (21.2%) Community services (6.9%) Government (16.3%) 2010: 2.9% 2010: 4.9% 2010: -9.5% 2010: 29.2% up 14% on same period in 2011 up 28% on same period in 2011 Jan-Feb 2011: -R5bn Mar 2011: R335bn Feb 2011: 4.9 to 1 2010: R75bn 2010: 2.8% 2010: R106bn Mar 2011: $1 423 Mar 2011: R9 839 Mar 2011: $1 760 Mar 2011: R12 166 year ago: $120.63 year ago: R9.96 Feb 2011: 7.6% Feb 2011: 5.4% year ago: 9.0% year ago: 5.1% year ago: 5.5% /$ 0.7617 $/ 1.3129 /$ 82.60 $/ 0.0121 at 5/4/12 at 5/4/12 Highest: R/ 1.80) Highest: R/$ 0.67) (based on headline inflation) (Increase: 18%) (Increase: 30%) (Decrease: 6%) (Decrease: 4%) (Increase: 2%) (Increase: 20%)
Rand vs euro last 12/24/36 months Rand vs dollar last 12/24/36 months Rand vs pound last 12/24/36 months Rand vs yen last 12/24/36 months Rand vs basket last 12/24/36 months
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Fast stats
LATEST FORECASTS
GDP growth 2012 3.0% SARB: revised upwards from 2.8% 2.8% Beeld Consensus; Investec; Reuters Econometer; Standard Bank 2.7% Absa: revised downwards from 2.8%; Nedbank Headline inflation rate (CPI) 2012 (average) 6.3% Absa: revised downwards from 6.5% 5.9% Investec: revised upwards from 5.8% Expected CPI (business) 2012 (average) (trade unions) Producer price inflation 2012 (average) 6.2% BER: no change 6.0% BER: revised downwards from 6.3% 8.7% Absa: revised downwards from 9.6% 7.0% Investec: revised downwards from 8.2% Imported producer inflation 2012 (average) Gross fixed capital formation 2012 6.5% Absa: revised upwards from 3.9% up 6.9% Investec: no change up 4.0% Standard Bank: no change Final consumption expenditure by households 2012 up 4.2% Nedbank: revised upwards from 4.1% up 3.5% BER: revised upwards from 3.4% Government consumption expenditure 2012 up 4.3% BER: revised upwards from 4.1% up 4.1% Investec: no change; Standard Bank Gross domestic expenditure 2012 up 4.7% Investec: no change up 3.8% Absa: revised downwards from 4% Exports 2012 up 5.5% Absa: revised upwards from 4.1% up 1.2% Investec: revised upwards from 0.1% Imports 2012 up 9.0% Absa: revised upwards from 8.2% up 7.8% BER: revised upwards from 7.2% Current account deficit 2012 R174bn Investec: no change R129bn Nedbank: revised upwards from R107bn as proportion of GDP 2012 5.5% Investec: no change 4.0% Nedbank: revised downwards from 4.1% Capital account surplus 2012 Prime overdraft rate 2012 (year end) R165bn Nedbank: no change 9.5% Absa; Investec; Nedbank 9.0% BER: no change; Standard Bank R/ exchange rate 2012 (average) 10.36 Nedbank: revised from 10.45 9.60 Standard Bank: no change 9.52 Absa: revised from 9.96 R/$ exchange rate 2012 (average) 7.93 Nedbank: revised from 7.94 7.72 Investec: revised from 8.20 7.40 Absa: revised from 7.94 Gold price per ounce 2012 (average) $1 790 Absa: revised downwards from $1 867 $1 676 BER: revised downwards from $1 698 Nominal wage rise 2012 8.7% BER: revised downwards from 8.9% These forecasts contain the highest and lowest estimates available to us. Our Fast stats pages are compiled by Tamara Dimant, Head of Information, phone (011) 482-7221 x 2016, fax (011) 482-7690, e-mail tdimant@sairr.org.za
South African Institute of Race Relations
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