South Africa Fixed Capital Formation and Capital Stock (Quarterly Report) - April 2015

General government’s real gross fixed capital formation (GFCF) grew by 5.9% (seasonally adjusted annualised rate—saar) in the fourth quarter of 2014 while public corporations’ capital formation registered and increase of 2.5% q/q saar. This meant that total public sector real GFCF was 4.1% higher in the fourth quarter which was down on the 4.7% growth recorded in the previous quarter. Capital formation by private business enterprises again grew much slower than public sector investment in the fourth quarter, rising by 1.7% (saar) bringing the growth in total private sector investment to -3.4% in 2014.

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