International Reserves in South Africa

South Africa International Reserves | Economic News & Forecasts

South Africa - International Reserves

The economic scenario likely remained challenging in Q3, after the historic plunge in activity in Q2. While the pace of decline moderated from Q2 due to the gradual easing of restrictions, industrial output contracted relatively sharply in the quarter. Meanwhile, business sentiment remained entrenched in negative territory in the same period, likely holding back capital spending. Turning to Q4, however, the manufacturing PMI returned to growth for the first time in 18 months, hitting an over two-and-a-half-year high amid improved demand dynamics. Moreover, despite a stubbornly high number of Covid-19 cases, authorities announced the reopening of borders to all international travelers on 11 November, in a bid to revive the ailing tourism industry. In other news, on 28 October, the government tabled its medium-term budget statement, reaffirming its commitment to fiscal consolidation and debt stabilization.

South Africa - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)41.8  42.7  45.3  46.4  48.9  

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South Africa International Reserves Chart


South Africa International Reserves
Note: International reserves in months of imports.
Source: South African Reserve Bank and FocusEconomics calculations.

South Africa Facts

Value Change Date
Bond Yield8.260.29 %Dec 31
Exchange Rate13.98-0.21 %Dec 31
Stock Market0.1-0.44 %Jan 06

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