South Africa Fixed Capital Formation and Stock (Quarterly Report)
A quarterly report on the gross fixed capital formation (GFCF) intensity in the South African economy. Contains trends and latest numbers of real growth in and composition of capital formation by asset and organisation types. Also gives a breakdown of the financing sources for GCFC and inflation rates by asset type and the composition of fixed capital stock and GCFC forecasts.
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Despite the persistence of balance of payments pressures, slow domestic growth and inflation bottoming, the slight upward bias in long-term interest rates during the first half of 2019, has made way way for an easing in bond yields.
In 2018, new gross capital formation was financed for the biggest part by the corporate sector (R123 billion) and through foreign investment (R173 billion).
Real capital formation by private business enterprises recorded an increase of 3.1% in the second quarter after the decline of 3.9% (saar) recorded in the first quarter of 2018.
In the first quarter of 2018, the largest share of GFCF went into construction (R304 billion annualised), or 34% of the total), followed by machinery and equipment (R229 billion annualised or 26% of the total) and transport equipment (R115 billion annualised, 13% of the total).
Subscribers to EasyData can download the complete report in PDF format on www.easydata.co.za..
Given the persistence of balance of payments pressures, slowing domestic growth and an upward bias in longterm interest rates, real capital formation growth will remain under pressure during 2017-2021.
Given the persistence of balance of payments pressures, slowing domestic growth and an upward bias in longterm interest rates, real capital formation growth will remain under pressure during 2016-2018.
Real capital formation by private business enterprises declined by 3.1% (saar) in the second quarter of 2016 bringing the total growth in domestic fixed capital formation to –4.6% (q/q saar).
In the first quarter of 2016, the largest share of GFCF went into investment by the transport, storage and communication sector (R140 billion at an annualised rate, or 18.1% of the total), followed by the community, social, business services sector (R129 billion at an annualised rate or 16.7% of the total).
Subscribers to EasyData can download the complete forecast in Excel format and report in PDF format on www.easydata.co.za.
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Real capital formation by private business enterprises rose by 1.7% (saar) in the fourth quarter of 2015 bringing the total growth in domestic fixed capital formation to 2.6% (q/q saar).
General government’s real gross fixed capital formation (GFCF) grew by 5% (seasonally adjusted annualised rate—saar) in the third quarter of 2015 while public corporations’ capital formation registered a marginal increase of 0.4% q/q saar.
