South Africa Economic Calendar
Economy of South Africa
South Africa is Africa's second-largest economy, with an emerging market and a mixed economy. Although the natural resource extraction industry remains one of the largest in the nation in terms of yearly GDP contribution, South Africa's economy is diversified with significant economic sectors such as mining, agriculture, energy, manufacturing, transport, and tourism.
The South African rand (ZAR) is the country's official currency. It is also accepted as a legal currency in the Common Monetary Area member nations of Namibia, Lesotho, and Eswatini, whose national currencies are tied to the rand at parity and are nonetheless generally accepted as replacements.
Bank of South Africa
South Africa's central reserve bank is the South African Reserve Bank (SARB). Its duties include establishing and executing South Africa's monetary policy, safeguarding the efficiency of South Africa's financial system, and, when required, intervening in the foreign exchange markets.
The South African Reserve Bank is one of the few privately owned central banks in the world, however, recently there have been discussions to nationalize it.
Interest Rate of South Africa
The South African Reserve Bank's Monetary Policy Committee (MPC) is in charge of setting Interest Rates for the South Africa.
Date
|
Time left
|
Event
|
Impact
|
Previous
|
Consensus
|
Actual
|
|||
---|---|---|---|---|---|---|---|---|---|
Saturday, Apr 27, 2024
|
|||||||||
Apr 27, 00:00
|
|
ZAR | Freedom Day |
None
|
|||||
Tuesday, Apr 30, 2024
|
|||||||||
Apr 30, 06:00
|
3 days
|
ZAR | Private Sector Credit YoY (Mar) |
Low
|
3.32% |
4.8%
|
|||
Apr 30, 06:00
|
3 days
|
ZAR | M3 Money Supply YoY (Mar) |
Low
|
5.71% |
5.5%
|
|||
Apr 30, 12:00
|
3 days
|
ZAR | Balance of Trade (Mar) |
Medium
|
ZAR14.04B |
ZAR10B
|
|||
Apr 30, 12:00
|
3 days
|
ZAR | Budget Balance (Mar) |
Low
|
ZAR20.78B |
-ZAR30B
|
|||
Wednesday, May 01, 2024
|
|||||||||
May 01, 00:00
|
3 days
|
ZAR | Workers' Day |
None
|
|||||
Thursday, May 02, 2024
|
|||||||||
May 02, 09:00
|
5 days
|
ZAR | ABSA Manufacturing PMI (Apr) |
Low
|
49.2 |
49.5
|
|||
May 02, 13:00
|
5 days
|
ZAR | Total New Vehicle Sales (Apr) |
Low
|
44.235K |
43K
|
|||
Monday, May 06, 2024
|
|||||||||
May 06, 07:15
|
9 days
|
ZAR | S&P Global PMI (Apr) |
Low
|
48.4 | ||||
Wednesday, May 08, 2024
|
|||||||||
May 08, 06:00
|
11 days
|
ZAR | Foreign Exchange Reserves (Apr) |
Low
|
|||||
Thursday, May 09, 2024
|
|||||||||
May 09, 11:00
|
12 days
|
ZAR | Manufacturing Production YoY (Mar) |
Low
|
4.1% |
2%
|
|||
May 09, 11:00
|
12 days
|
ZAR | Manufacturing Production MoM (Mar) |
Low
|
-0.3% |
0.7%
|
|||
Tuesday, May 14, 2024
|
|||||||||
May 14, 09:30
|
17 days
|
ZAR | Mining Production MoM (Mar) |
Low
|
|||||
May 14, 09:30
|
17 days
|
ZAR | Mining Production YoY (Mar) |
Low
|
|||||
May 14, 09:30
|
17 days
|
ZAR | Gold Production YoY (Mar) |
Low
|
1.3
|
||||
Wednesday, May 15, 2024
|
|||||||||
May 15, 11:00
|
18 days
|
ZAR | Retail Sales YoY (Mar) |
Low
|
2.5
|
||||
May 15, 11:00
|
18 days
|
ZAR | Retail Sales MoM (Mar) |
Low
|
1
|
||||
Thursday, May 16, 2024
|
|||||||||
May 16, 09:30
|
19 days
|
ZAR | Unemployed Persons (Q1) |
Low
|
7.895M |
7.9M
|
|||
May 16, 09:30
|
19 days
|
ZAR | Unemployment Rate (Q1) |
Medium
|
32.1% |
32.3%
|
|||
May 16, 11:00
|
19 days
|
ZAR | Building Permits YoY (Mar) |
Low
|
|||||
Tuesday, May 21, 2024
|
|||||||||
May 21, 07:00
|
24 days
|
ZAR | Leading Business Cycle Indicator MoM (Mar) |
Low
|
0.6
|
||||
Wednesday, May 22, 2024
|
|||||||||
May 22, 08:00
|
25 days
|
ZAR | Inflation Rate MoM (Apr) |
Medium
|
|||||
May 22, 08:00
|
25 days
|
ZAR | Inflation Rate YoY (Apr) |
Medium
|
|||||
May 22, 08:00
|
25 days
|
ZAR | Core Inflation Rate MoM (Apr) |
Low
|
|||||
May 22, 08:00
|
25 days
|
ZAR | Core Inflation Rate YoY (Apr) |
Low
|