International Reserves in South Africa

South Africa International Reserves | Economic News & Forecasts

South Africa - International Reserves

After shrinking in the first quarter on rolling blackouts, the economy averted technical recession in the second quarter on a strong bounce-back in domestic demand. The current account deficit widened in Q2, however, as a turnaround in demand boosted imports while the rand was weak in the quarter. Turning to Q3, the upturn appeared short-lived, with manufacturing activity falling again in July and business confidence slipping further into pessimistic territory in July–August, tumbling to an all-time low in August. In better news, Moody’s hinted earlier this month that there is now “low likelihood” that the agency will downgrade South Africa’s credit rating to junk status in its November review, which was previously widely anticipated by market analysts. Meanwhile, in late-August, the National Treasury proposed selling off coal-fired power stations owned by Eskom in a bid to help alleviate the financially troubled, state-owned electricity provider’s hefty debt burden.

South Africa - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)44.8  44.3  41.8  42.7  45.3  

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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

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

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