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Friday, December 09, 2005

 

Economic forum

Some non sports related though interesting news

SA trade balance worst yet
09/12/2005 11:43 AM

Pretoria - South Africa's trade balance with the rest of the world registered its sixth consecutive deficit in the third quarter of the year, the largest recorded yet, the SA Reserve Bank said on Friday.


The R19.7bn deficit could largely be ascribed to sustained brisk domestic spending, in turn causing a sharp rise in the value of merchandise imports.

"The higher level of merchandise imports in the third quarter was only partly offset by the improved performance of merchandise exports," says the central bank's quarterly bulletin, released in Pretoria on Friday.

The rising value of imports, it states, "reflects the needs of a growing economy as well as the record high level of the international price of crude oil".

The trade deficit, together with a growing shortfall on the services and income account, caused the ratio of the current account deficit to gross domestic product (GDP) to rise from 3.7% to 4.7% from the second to third quarters.

This was the highest deficit ratio since the final quarter of 1983, the bulletin said.
But a sizeable net inflow of capital outweighed the larger current account deficit, leaving South Africa's overall balance of payments with a surplus of R4.6bn.


"Foreign direct investment into South Africa was bolstered by the acquisition of a majority interest in a South African bank by an international banking group, as well as by increased shareholding by a non-resident investor in a domestic telecommunications company," the bulletin says.

"The overall balance of payments remained in surplus in the third quarter, but by a lesser amount than in the second quarter of 2005."

The rand prices of merchandise exports receded by 1.5% in the third quarter of the year, mainly due to a drop in international commodity prices, the bulletin says.

This coincided with a 5% increase in the physical quantity of merchandise exports.
The export of motor vehicles rose especially quickly, recording growth of 13.5% in the first nine months of the year.


While the physical quantity of gold exports dropped by 2%, earnings rose by 0.5%, the bulletin states.

But on the other side of the coin, the rand prices of merchandise imports, driven largely by higher international crude oil prices, rose by 2% and the physical quantity by 5.5%.
"The importation of more vehicles, parts and equipment by automobile manufacturers, necessitated by rising domestic and export sales, boosted the overall value of imported manufactured goods while the value of mining products imported also rose markedly from the second to the third quarter as crude oil prices escalated," the bulletin says.


It states that a positive sentiment towards investment in South Africa "continued unabatedly".

The net inflow of capital amounted to R78.5bn in the first three quarters of the year, compared with R84.6bn for 2004 as a whole.

Net international reserves rose by R27.7bn for the first three quarters of 2005.

Source: Finance24
Comments:
Donner maar daar is meer dough hier as wat mense wil voorgee  
OO,

Dinge is nie so sleg as wat baie mense voorgee nie. Ja daar is probleme, maar ons probleme is niks in vergelyking met die VSA nie.

Oja ek het nog vanoggend mail gekry van die treine ou, so ek dink nie hy is al met vakansie nie
 
Julle het altwee nou die thread opgef@k! Nie een van julle het iets oor drake gese nie. So hier gaan ons

Donner en OO like drake asem kwaaaiiii!
 
Yip Aldo

"Why fart & waste if you can burp & taste"
 
Donner

Ek sal hom die naweek bel- hoop net ek kan die manne se hande afhou ;-)
 
lol OO

Julle weet nie dalk waar ek 'n foto van die legend Fleck kan kry nie, ek wil my foto verander. Verkieslik die een waar Deon Kayser hom ingehaal het oppad doellyn toe!
 
yes aldo, jy moenie so praat van Fleckie nie, hy is a legend... lol.  
wpw

Maar dis juis hoekom ek hom so wil vereer! Wat is 'n groter eer as om 'n boere thug muppit te he wat jou wil gebruik as sy foto!
 
Sorry chom die sharks se website is ook seker toe- lyk my Rudi trek weer sy ou truuks

maar daai oomblik was 'n legend by homself :-)

Ek sien Donner se kiekie is nou die legend- letwel klein l
 
My bliksem, daar sien ek dit nou eers! Jammer Donner, ek sal nie jou pic steel nie! Sal maar 'n ander legend soos Joost soek!  
Aldo,

Jy kan altyd Bobby se kiekie gebruik.
 
aldo, gaan kyk op die stormers website dan kies jy n foto van SA se grootste legend, Eddie Andrews.

jy dink seker ek maak n grap ne? Ek is dood ernstig!
 
BWAAHAAHAHAHAHAHAHHA

LMAO

i only see the 'cause it's Kandas' fault' on the top of the front page now... Wh'os idea was that?
 
donner, what's ur email address? I wanna send you something to post. We won the cricket match in Aus. the OD game...  
wpw,

trompie_aka_donner@hotmail.com
 
wpw,

BTW we answered you on your Cortina chirp.
 
This comment has been removed by a blog administrator.  
thnks donner but i mailed it to davidS. it was kandas' fault...  
Wie kan raai wie op my foto is soner om na die link te gaan kyk?  
Yip oom Frik is 'n legend  
wpw


Sorry


We had our 'year end function'


Compulsory attrendance so I missed your story


Damnit....
 
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