South Africa ZA

Currency: ZAR. Central bank: South African Reserve Bank. ZAR/USD: 0.0602.

Macro read

Consolidated decision read: what to monitor, why it matters, and where the data is still thin.

Regime scenario

High risk

Soft landing

Growth slowing below trend with inflation at or below target.

Growth Slowing 3.5 · Inflation On target 6.9 · weakest: Labor 0.0, Monetary 3.0

What to monitor: Review stress drivers and recent releases before increasing macro confidence.

growth momentuminflation trendcentral bank stance

Macro regime

Six dimensions, scored from 0 to 10. Radar shows the overall shape; cards show trend and label per dimension.

Growth

3.5Stable

slowing

Inflation

6.9Stable

on target

Labor

0.0Stable

weak

Monetary

3.0Worsening

restrictive

External

3.0Stable

vulnerable

Fiscal

3.3Stable

expansive

Key indicators

Cross-country comparable indicators with 5-year micro history. Latest bar in gold; missing indicators render with a baseline.

South Africa GDP YoY

0.85%

South Africa CPI YoY

4.55%

South Africa unemployment rate

33.60%

SARB repo rate

7.25%

South Africa 10y government bond yield

8.95%

South Africa Current account % GDP

-2.83% of GDP

South Africa Government debt % GDP

78.40% of GDP

South Africa Fiscal balance % GDP

-5.60% of GDP

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