Tag Archives: Quarterly Bulletins Articles and Notes

December 2018 – Note on the progress in developing South Africa’s integrated economic accounts

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Publish Date: 2018-12-14
Category: Quarterly Bulletins Articles and Notes
Author: B de Beer, J Mokoena and H Wagner

The South Reserve Bank (SARB) has been developing an integrated economic accounts (IEA) statistical framework for the South African economy since 2015. These macroeconomic statistics will address some of the data gaps identified by the Group of Twenty (G20)3 Data Gaps Initiatives (DGI). This note illustrates progress made with the balance sheet (non-financial assets and financial assets and liabilities) as well as the accumulation accounts – as represented by the shaded areas in Figure 1.

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September 2017 – Note on the output of the finance, insurance, real estate and business services sector

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Publish Date: 2017-09-14
Category: Quarterly Bulletins Articles and Notes
Author: E Botes and K Kuhn
The largest sector in the South African economy – the finance, insurance, real estate and business services sector – contributed 20.2% to nominal output in 2016 and 29.4% to the output of the tertiary sector. In 2016, the latter contributed 68.6% to the nominal gross domestic product (GDP) while the finance and insurance subsector accounted for just less than half
of the nominal output of finance, insurance, real estate and business services. Commercial banks contributed most to the output of the finance and insurance subsector, with financial intermediation services indirectly measured (FISIM)2 constituting the largest portion of the total output of commercial banks. This note analyses the recent changes in real output and the relative contribution of the finance, insurance, real estate and business services sector to real output in the South African economy. It also describes the methodology applied to measure the output of commercial banks.

This note analyses the recent changes in real output and the relative contribution of the finance, insurance, real estate and business services sector to real output in the South African economy. It also describes the methodology applied to measure the output of commercial banks.

 

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June 2017 – Note on the flow of funds in South Africa’s national financial account for the year 2016

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Publish Date: 2017-06-20
Category: Quarterly Bulletins Articles and Notes
Author: C Monyela and S Madonsela

​The nominal value of financial flows in the South African economy declined in 2016, in step with weak gross domestic product (GDP) and income growth, tight credit conditions and subdued business and consumer confidence. Inflows from the foreign sector also decreased in 2016. A decline in equity inflows reflected the effect of generally accommodative global monetary policy in advanced economies whereas the concomitant search for yield supported inflows in the bond market. These inflows were sufficient to offset the overall domestic saving investment gap. This note presents a brief overview of trends in the 2016 flow of funds, captured through real and financial transactions amongst all institutional sectors. The quarterly flow of funds accounts are appended to this note and the annual summary appears on pages S–46 to S–47 of this issue of the Quarterly Bulletin.

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