- Post the Economic and Employment Indicators & Trends Issue_November 2024. under latest economic news with the comment
“While SA’s economic growth expectation is expected to reach 1.1% this year, SA’s subdued economic growth has impacted year on year employment growth, particularly in community and social services”
- BUSA Weekly Update for the Week Ending 01 November 2024 under latest news.
We have extracted the top relevant highlights from this week’s BUSA Economic Briefing.
LOCAL
- Eskom achieved 226 days of no load shedding on 8 November.
- Eskom’s Energy Availability Factor (EAF) rose to 65,44% in week 44 from 63,20% in week 43.
- The South African Reserve Bank’s gross foreign exchange The South African Reserve Bank’s gross foreign exchange reserves fell by $1,036bn in October to $45,515bn after falling by $121m in September and rising by $449m in August.
- The SA ports container terminals averaged 10 177 TEUs per day, down from 11 046 TEUs last week. Port operations were mainly constrained by inclement weather, vacant berths, equipment breakdowns and shortages.
INTERNATIONAL
- American car buyers are dropping out of the new-car market. The pandemic supply shortages that drove sticker prices skyward are in the rearview mirror, but the cost of a new set of wheels continues to climb. The average price of a new car this year is $48 205, up 21% from five years ago, according to Cox Automotive Inc. Sticker shock is increasingly scaring off many would-be buyers. A recent survey by automotive researcher Edmunds.com found that almost half of American car shoppers expect to pay $35 000 or less for a new car.
