Imports in South Africa

South Africa Imports (%) | Economic News & Forecasts

South Africa - Imports (percent change)

Economic activity in the third quarter appeared bleak, following the second quarter’s notable rebound. In July–August, manufacturing and mining output continued to shrink, and electricity supply swung to decline, while retail sales growth slid in July and the PMI fell in September. Meanwhile, the country’s fiscal challenges continue to mount, with Fitch Ratings downgrading Eskom’s stand-alone credit rating further into junk territory on 30 September. The cut affirmed the state power provider’s waning ability to ease its hefty debt load, intensifying the pressure on public finances. In the latest bid to alleviate Eskom’s cost burden somewhat, ministers called on coal producers to slash prices. Furthermore, the National Treasury’s bailout conditions—presented to Parliament on 9 October and which will require monthly updates to monitor debt repayments and minimize default risk—have eased Eskom’s risk premium.

South Africa - Imports (%) Data

2013  2014  2015  2016  2017  
Imports (annual variation in %)-3.8  1.3  -12.0  -16.3  12.6  

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South Africa Facts

ValueChangeDate
Bond Yield8.100.29 %Sep 04
Exchange Rate14.81-0.21 %Sep 04
Stock Market0.1-0.44 %Sep 04

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