According to the SA Reserve Bank, growth in real gross fixed capital formation accelerated to 3.6% in the first quarter of 2022 from 1.6% in the fourth quarter of 2021. Real gross fixed capital expenditure by private business enterprises increased at a faster pace of 4.1% in the first quarter of 2022. The significant increase in capital outlays by private business enterprises reflected increased investment in construction work as well as machinery and other equipment. Real gross fixed capital formation by the public sector increased in the first quarter of 2022 after decreasing for three consecutive quarters, underpinned by higher capital outlays by general government. Real gross fixed capital formation by public corporations decreased at a rate of 1.4% in the first quarter of 2022. Real capital investment by general government increased by 4.9% in the first quarter of 2022 following a decrease of 2.6% in the fourth quarter of 2021 as the central and provincial governments increased capital outlays.
Subscribers to EasyData can download the complete report in PDF format on www.easydata.co.za.