SA Economic Indicators Report updated: April 2016 Next update: May 2016 SA Economic Indicators

SA Economic Indicators What is the SA Economic Indicators report? Ti’s SA Economic Indicators report is a clear and easy-to-read view of the most currently available data for South Africa’s key economic indicators. Produced on a monthly basis by Ti Research, it draws on official information from various public and private institutions. The report is released in the first week of each new month, reporting on the available data up to and including the last day of the previous month. How to read this report Depending on the indicator itself, data is released by the various institutions on a daily, monthly or quarterly basis. The frequency and release date has been indicated at the foot of each slide, next to the data source. These dates are indicative however, since the institutions may publish the data with a delay. Data lag: Data availability varies according to the data source, at times with a lag of a couple of months. e.g. Retail Trade Sales for July 2015 were released with a two-month lag in September 2015 GDP figures for Q2/2015 were released two months after Q2 (i.e. in August 2015) Readers are reminded to bear this data lag in mind when looking for parallels between indicators. It might therefore be necessary to go back to previous months’ reports in order to correctly analyse indicators over the same reporting periods.

SA Economic Indicators Exchange Rate | 2011 – 2016 SOURCE: X-Rates.com | Frequency: Daily

SA Economic Indicators Exchange Rate | March 2015 – March 2016 SOURCE: X-Rates.com | Frequency: Daily

SA Economic Indicators Exchange Rate COMMENTARY The rand weakened year-on-year against the $, £ and € in March 2016 as confidence in South Africa continues to decline The rand strengthened in March month-on-month after the decline seen in February due to an alleged investigation by the Hawks into Pravin Gordhan, relating to an apparent ‘rogue unit’ that operated during Gordhan’s term at SARS The improvement could be as a result of Pravin Gordhan’s co-operation and openness regarding this investigation Exchange Rate Movements March 2015 March 2016 US$ R12,09 R15,37 (R weakened 27%) € R13,07 R17,11 (R weakened 31%) £ R18,08 R21,92 (R weakened 21%)

Maryla Masojada. |. Head Analyst Tarryn Butler. | Maryla Masojada | Head Analyst Tarryn Butler | Senior Retail Analyst Tabang Mbenge | Junior Retail Analyst