KZN Provincial Treasury - Economic Reports2015-10-20 BDSI REPORT
In 2013, the FSB reported that close to 810 000 people were receiving private pensions and, with the BankservAfrica Private Pension Index registering over 655 000 pensions every month, it is clear that this sample is 81% of the pensioner group in the country. This unique data set allows South Africa to get an understanding of the people who receive a private pension. The fastest growing age group in South Africa is those over 65 years old, a group which â€" according to the latest population estimates â€" grew by 3.3% over the last 12 months, while the overall population only grew by 1.7%. Click below link to download BDSI Report for Sep 2015: BDSI Report Sept 2015.docx - 53.5 KB BER Economic Snapshot 2015
Highlights
Inflation down on account of the lower petrol price The headline consumer price index (CPI) moderated from 5.0% year-on-year (y-o-y) in July to 4.6% in August, while the market anticipated a rate of 4.8%. The decline was mostly due to the housing and utilities index, as well as the transport index. The decline in the petrol price pulled the annual rate for transport inflation down from 0.8% to -0.7%. Core inflation, which excludes food, fuel and electricity, moderated from 5.4% in July to 5.3% in August. Looking forward, the BER expects the current dip in inflation to be temporary and anticipates a peak above 6% in the first quarter of 2016, mainly due to base effects.
Click below link to download BER Snapshot 2015: BER Snapshot 2015-10.pdf - 615 KB BETI Report Sep 2015 BETI indicates SA economy heading for recession The BankservAfrica Economic Transaction Index (BETI) measures South African payment system transactions, smaller than R5 million, giving a broad picture of the current South African economy. For the second month in a row the BETI has increased when compared to August last year, but indicates a shrinking economy both in monthly and quarterly changes. The BETI declined by 0.3% over the last three months (June, July, August) when compared to the previous three months (March, April, May). Click below link to download BETI Report for Sep 2015: BETI Report Sept 2015.docx - 91 KB Property Barometer 2015 for Quarter 1 TPN-FNB RESIDENTIAL YIELDS REVIEW After a short uptick in the 1st half of 2014, the TPN-FNB National Average Gross Residential Yield resumed its multi-year declining trend once more, a broad trend that started back in 2012. The national average yield declined from 8.9% as at the 2nd quarter of 2014 to 8.61% in the final quarter. This appears to have been the result of some slowdown in rental inflation as 2014 progressed. Also perhaps working a little against any further improvement in the attractiveness of residential yields in the 2nd half of last year was a stalling by the SARB (Reserve Bank) in interest rate hiking after small rate hikes in January and July 2014. The broader yield compression since 2012 has seen the national average gross yield being reduced noticeably from a 9.65% high at the end of 2011 to 8.61%, a significant 1.04 of a percentage point decline. Click below link to download Property Barometer 2015 for Q1: Property Barometer 2015 Q1.pdf - 236 KB Click below links to view firther Economic Reports: SASSA 6-2015.pdf - 337.3 KB Beeld_Jul 15.pdf - 105.8 KB Sept 2015.pdf - 485 KB - Newsletter
Dr Clive Coetzee
General Manager: Infrastructure Management and Economic Services
KZN Provincial Treasury
Economist (PhD UKZN)
033 897 4538 |
KZN Provincial Treasury - Economic Reports
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