Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

South African economy grows strongly in Q4 2017, but growth momentum to slow down

The South African economy surprisingly grew solidly in the fourth quarter. The unexpected solid expansion of the South African economy in the December quarter led to the USD/ZAR pair to ease by 10 pips to levels around 11.75 yesterday morning.

While consensus had expected an annualized quarter-on-quarter rise of 1.8 percent on a seasonally adjusted basis, the published data surprised with a rise of 3.1 percent. This is good news in view of Moody’s rating review at the end of the month – as higher growth facilities the urgently required consolidation of the public finances.

The change in government and the hope of a change in politics are expected to lead to positive momentum for investments, noted Commerzbank in a research report. But the planned tax rises, rising imports and the continued drought are expected to decelerate the growth momentum.

“We remain cautious regarding the rand”, added Commerzbank.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 22 14:30 UTC Released

USECRI Weekly Annualized

Actual

3.1 %

Forecast

Previous

2.7 %

June 22 14:30 UTC Released

USECRI Weekly Index

Actual

150.1 %

Forecast

Previous

149.3 %

January 31 00:00 UTC 206984206984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 206984206984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 218804218804m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 206984206984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 218804218804m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 206984206984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 206984206984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 206984206984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.