PORTFOLIO COMMITTEE ON FINANCE September 2003

INTERNATIONAL ECONOMY

International oil price - monthly average

OECD leading indicators and industrial production

World Economic Outlook: Real GDP Annual percentage change in real GDP Actual Projections World3,03,24,1 Advanced economies1,81,82,9 USA2,42,63,9 Japan0,22,01,4 Euro area0,90,51,9 United Kingdom1,91,72,4 Developing countries4,65,05,6 Africa3,13,74,8 Asia6,46,46,5 Western hemisphere-0,11,13,6 Countries in transition4,24,94,7 Source: IMF World Economic Outlook - September 2003

World Economic Outlook: Consumer prices Annual percentage change in consumer prices Actual Projections World3,53,93,2 Advanced economies1,51,81,3 USA1,62,11,3 Japan-0,9-0,3-0,6 Euro area2,32,01,6 United Kingdom2,22,82,5 Developing countries5,35,94,9 Africa9,310,67,7 Asia2,02,52,9 Western hemisphere8,710,97,0 Countries in transition11,19,79,1 Source: IMF World Economic Outlook - September 2003

USA: Real gross domestic product

USA: Unemployment rate

USA: Consumer prices

Japan: Real gross domestic product

Japan: Unemployment rate

Japan: Consumer prices

Euro area: Real gross domestic product

Euro area: Unemployment rate

Euro area: Consumer prices

UK: Real gross domestic product

UK: Unemployment

UK: Consumer prices

SADC: Inflation Annual percentage change in consumer prices Jun 2003 Jul 2003 Aug 2003 Africa13,09,3*** Angola152,6108,9110,7** Botswana6,68,112,79,28,3 Lesotho6,912,06,46,9* Malawi27,516,18,58,7* Mauritius5,46,44,54,33,7 Mozambique9,117,114,413,2* Namibia9,311,38,57,1* Seychelles6,42,01,15,3* South Africa5,710,16,75,2* Swaziland7,511,77,36,9* Tanzania5,24,74,44,5* Zambia21,722,221,920,2* Zimbabwe76,7140,0365,4399,5* * Not available Source: National central banks, unpublished Standard Bank data and IMF World Economic Outlook, April 2003

NATIONAL ECONOMY

Real gross domestic product

Real gross domestic product by the secondary sector

Real gross domestic expenditure

Real final consumption expenditure by households

Real household disposable income

Household debt as percentage of household disposable income

Real final consumption expenditure by general government

Real gross fixed capital formation

Real domestic final demand

Change in inventories

Gross saving as percentage of gross domestic product

Non-agricultural employment

FebSepFeb Sep (000’s)(000’s)(000’s)(000’s) aTotal employment Among the employed: Employed in the formal sector SEE survey (excluding agriculture and certain activities not covered in SEE) Employed in agriculture Employed in the formal sector in activities not covered in SEE Employed in the informal sector Employed in domestic service bTotal unemployed (official definition) cTotal economically active = a + b dTotal not economically active eTotal aged 15 ‑ 65 years = c + d fOfficial unemployment rate = b * 100/c26,4%29,5%29,4%30,5% Labour market statistics, based on the labour force survey

Non-agricultural nominal remuneration per worker

Non-agricultural labour productivity

Non-agricultural nominal unit labour cost

Nominal unit labour cost in manufacturing

All-goods production prices

Overall inflation and CPIX

Balance of payments: Current account

Balance on financial account

Financial account

Gross gold and other foreign exchange reserves

Imports covered by reserves

Net open position in foreign currency

Average net daily turnover in South African foreign exchange market

Exchange rates of the rand

Real effective exchange rate of the rand

M3 money supply

Total loans and advances extended to private sector

Turnover in the secondary bond market

Money-market interest rates

Yield on long-term government bonds

Yield curves

Turnover in the secondary share market

Share prices - all classes

Real-estate market

Revenue of national government

Expenditure by national government

Deficit of national government

Non-financial public-sector borrowing requirement