Main key indicators only – 2 December 2010: Source: Statsa (StatsOnline):
- CPI: December 2010 = 3,5% y/y;
- PPI: December 2010 = +5,8 y/y
- GDP: 3rd Quarter 2010 2,6% q/q
- Unemployment: 25,3% 3rd Quarter 2010
- Population (Census 2001): 44,8 million Night of October 9-10, 2001
- Population (Mid-year estimate): 49,99 million Mid 2010
Interest rate in week of 17-21 January 2011:
Latest Rates (source: liberta.co.za):
Prime * = 9.00%; Repo * = 5.50%; CPI * = 3.50%; PPI * = 5.80%; GDP * = 2.60% ;
The latest interest rate cut by the SARB brings interest rates down to the lowest level they’ve been in 28 years. The prime interest rate is currently touching a 28-year low, which was equaled briefly in April 2005. Before that the last time South Africa had interest rates lower than what we have now was in February 1981.