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.
14 February 2022
According to the SA Reserve Bank, real gross fixed capital formation contracted by 11.7% (q/q seasonally adjusted and annualised) in the first quarter of 2021 after the 14.9% y/y drop in 2020.
08 September 2020
Real capital formation by private business enterprises recorded an increase of 10.8% (saar) in the second quarter of 2019 after a rise of 15.8% (saar) was recorded in the previous quarter.
06 February 2020
Real capital formation by private business enterprises recorded an increase of 10.8% (saar) in the second quarter of 2019 after a rise of 15.8% (saar) was recorded in the previous quarter.
14 November 2019
Real capital formation by private business enterprises recorded an increase of 15.2% (saar) in the second quarter of 2019 after a decline of 7.2% (saar) was recorded in the previous quarter.
17 September 2019
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.
26 April 2019
In 2018, new gross capital formation was financed for the biggest part by the corporate sector (R123 billion) and through foreign investment (R173 billion).
07 November 2018
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.
27 July 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).
19 May 2017
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.
06 February 2017
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.
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