South Africa's economy grew by an estimated 4.9 percent in 2021, compared with a 6.6 percent decline in 2020. Headline inflation rose to 4.5 percent in 2021 from 3.3 percent in 2020. As a result, the policy rate was raised to 3.75 percent in November 2021 from 3.5 percent in 2020.The current account surplus was estimated at 3.8 percent of GDP in 2021, up from 2 percent in 2020. External reserves increased from $54.5 billion in July 2021 to $58.4 billion in August 2021 (about 5 months of import cover), thanks to the SDR allocation. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
In September 2017, the banking sector in South Africa represented a total asset of $423 billion.
Credit distributed to private sector represented $282 billion in September 2017.
Johannesburg Stock Exchange has 376 listed companies, representing, at the end of 2017, a market capitalization of $1 148 billion. Fundraising and amounts invested by private equity represented respectively $423 million and $422 million.
