Friday, 8 February 2013

Fun facts for the day : economy

I'm taking these from

  • In 2012, at 5.5%, South African interest rates were at a 30-year low.
  • South African Tax Revenue has increased from R100 billion in 1994 to R742.7 billion in 2011-12.
  • South Africa’s debt to GDP ratio is 32% (USA 100%, Japan 200%, UK 90%). The World Bank recommends a ratio of 60%.
  • SA ranks 1st among upper middle-income economies in the World Bank “Connecting to Compete 2012: Trade Logistics in the Global Economy” report. Overall, SA ranks 23 out of 155 countries included in the Logistics Performance Indicators (LPI). Its main competitor on the African continent, Nigeria, is ranked 121.
  • South Africa sold $1.8 billion worth of cars to the US in 2010, putting us ahead of Sweden and Italy as suppliers to the US market. Car sales are projected to grow 10% in 2011 to 460,000 units.
  • South Africa exported 36.9% more vehicles in 2010 than 2009.
  • The South African stock market rose 16.09% in 2010, ranking 8th out of the G20 nations and ahead of all of the G7 countries (Bespoke Investment Group).
  • South Africa is ranked 1st out of 142 countries in respect of regulation of security exchanges according to the World Economic Forum Global Competetiveness Report 2011/12
  • South Africa is ranked 1st in respect of auditing and reporting, according to the Global Competitiveness Report 2011/12.
  • South Africa ranks 1st out of 60 countries in the Economist’s House Price index for the period 1997 – 2009.
  • South Africa's banks rank 2nd in the world for soundness, according to the Global Competitiveness Report 2011/12.
  • The South African Rand was the second best performing currency against the US Dollar between 2007 and 2011, according to Bloomberg’s Currency Scorecard.
  • SA ranked 1st in Platinum output, 2nd in Palladium output, 3rd in Gold output, 6th in Coal output and 9th in wool output. (Economist)
  • SA is ranked 2nd out of 183 countries for good practice in protecting both borrowers and lenders when obtaining credit for business (World Bank Doing Business Report 2011)
  • SA is ranked 3rd in the world for protection of minority shareholders interests, according to the Global Competitiveness Report 2011/12.
  • South Africa ranked 6th in house price improvement indices as a % change in 2009, and 1st as a % change 1999/2009. (Economist).
  • SA is ranked 10th out of 142 countries for Strength of Investor Protection, according to the Global Competitiveness Report 2011/12.
  • SA is ranked 10th out of 183 countries for good practice in protecting investors in business. (World Bank Doing Business Report 2011).
  • South Africa ranks 7th out of 45 countries in the "Big Mac Index 2012". The price of a Big Mac is 42% less in South Africa than in the USA. In Switzerland and Norway, it is 62% more.
  • South Africa is ranked 12th out of a total of 134 economies in the World Economic Forum’s Global Gender Gap Report 2010, ahead of many developed nations, including, the UK (15th), United States (19), Canada (20), Australia (23) and France (46).
  • South Africa ranked 15th in terms of "largest deficits" but as a percentage of GDP is not in the top 40 countries. (Economist).
  • The JSE ranks 16th in terms of "largest market capitalisation" and 19th in terms of largest gains. (Economist)
  • SA is ranked 23rd out of 81 countries in the Jones Lang LaSalle's "World's most Transparent Real Estate Markets" placing it well ahead of China, Brazil, India and Russia. "Robust governance, strong auditing and a developed legal system" were cited as the main reasons for leading the developing markets in this rating.
  • South Africa ranks 24th out of 192 countries in the Economist’s "Largest Gold Reserves" Index and 30th in terms of official US$ reserves.
  • In a survey of 192 countries, South Africa’s unemployment as a percentage of economically active population ranked 27th.
  • SA ranks 28th in terms of number of cars produced and 18th in terms of number of cars sold. (Economist).
  • South Africa is ranked 34th out of 183 countries for ease of doing business according to Doing Business 2011, a joint publication of the World Bank and the International Finance Corporation.
  • South Africa ranks 41st out of 192 countries in the Economist’s "Biggest Exporters" Index.
  • South Africa ranked 50th out of 142 countries in the World Economic Forum’s Global Competitiveness Report 2011/12, up from 54th in 2010/11.
  • South Africa ranks 54th in a comparison of the overall tax burden of 150 countries worldwide.
  • South Africa ranks in the top 20 countries for agricultural output.
  • According to a survey of 62 countries by the World Bank and the IMF, South Africa has the 36th highest foreign debt, ahead of the US, Japan and all the European countries surveyed. The economist ranks South Africa 29th out of 60.
  • South Africa is placed 14th in a list of 21 countries ranked by international companies as top prospective investment destinations for 2012 to 2014, according to the 2012 World Investment Report by the UN Conference on Trade and Development (Unctad). 
  • MTN has been ranked Africa’s most valuable brand in the BrandZ Top 100 Most Valuable Global Brands 2012 survey. MTN becomes the first and only African brand to make the list, debuting at position 88 in the world.
  • The number of mines in South Africa had increased from 993 in 2004 to almost 1,600 in 2011 (Business Day)
  • Associated revenue generated from mining grew from R98bn in 2004 to R370bn by the end of 2011 (Business Day)
  • Employment in the mining industry grew from just under 449,000 in 2004 to a little above 530,000 in June 2012 (Business Day)
  • South Africa ranked 6th best out of 24 countries in the Contact Center World rankings for 2012, up from 9th in 2011.
  • South Africa is the winner of the National Outsourcing Association’s (NOA’s) Offshoring Destination of the Year Award 2012


Econo101 said...

Low interest rates isn't necessarily a good thing, like you're trying to suggest.

Interest rates are artificially regulated by the (Reserve Bank) government. Low interest rates encourage debt creation because credit is made more accessible. More debt leads to higher inflation. A basic study in economics will help further understanding. America has low interest rates (regulated by the Fed), yet has rising inflation due to too much money printing.

"Becker says the only sustainable way to put an end to the destruction of the living standards of the poor and middle class in SA is for the Reserve Bank to tighten monetary policy, allow interest rates to rise, and let the rand strengthen. That would rein in inflation and protect the poorest from the ravages of runaway price increases."

Boertjie said...

Hi Rooster

What do you think needs to be done or done differently to put SA on its path to achieving its full potential?