Commodity market report
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10 Pages

South Africa economic outlook Q3 2014

South Africa economic outlook Q3 2014

Report summary

South African economic growth has slowed in recent years from the highs of the past decade. Exports of key commodities have plateaued,while domestic growth has been hampered by elevated unemployment and infrastructure constraints. The government has ambitious plans to return rapid growth to South Africa, but unlocking the economy's vast potential will not be easy. With expansion in the resource sector likely to be minimal, other sources of growth must be found.

What's included?

This report includes 4 file(s)

  • South Africa economic outlook Q3 2014 PDF - 393.56 KB 10 Pages, 1 Tables, 14 Figures
  • GDP Forecast Jul 2014.xls XLS - 1.54 MB
  • IP Forecast Jul 2014.xls XLS - 1.38 MB
  • Latest Population Forecast (with charts).xls XLS - 3.55 MB


This Economic Outlook presents our macroeconomic outlook to 2035 at the country level.

Specifically we assess the structure of the economy and present the GDP and industrial production outlook.

The long-term outlook is underpinned by a set of GDP models which take account of long-term structural drivers of GDP including demographics, investment and productivity growth.

Finally, we highlight the key risks facing our outlook, both upside and downside.

Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

  • Executive summary
  • Market structure
  • Economic outlook
    • Exchange rate
  • Policy and regulation
  • Risks and uncertainties
    • Upside
    • Downside

In this report there are 15 tables or charts, including:

  • Executive summary
    • Economic indicators
  • Market structure
    • South African exports (2014 USD)
    • South African mining sector sales (2014 rand)
    • South Africa capital investment
    • South African capex - share of total
    • GDP by sector
    • GDP by expenditure (million rand, 2005 prices)
  • Economic outlook
    • Real iron ore sales
    • Real gold sales
    • South Africa population by age cohort
    • Annual GDP growth
    • GDP per capita (2004 US$)
    • Rand to US$ exchange rate
    • Annual CPI inflation rate
  • Policy and regulation
    • Government debt and fiscal balance
  • Risks and uncertainties
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Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

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