SA Economic Indicators:Updated to June 2015

South African Economic IndicatorsJune 2015

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015R 0

R 1

R 2

R 3

R 4

R 5

R 6

R 7

R 8

R 9

R 10

R 11

R 12

R 13

R 14

R 15

R 16

R 17

R 18

R 19

R 5.54

R 6.47R 7.06 R 7.33

R 11.84

R 6.22

R 9.65 R 9.71

R 13.20

R9.17

R11.81

R14.10

R11.32

R17.95

Exchange Rates 1998 – 2015

Average ZAR/USD Average ZAR/EURO Average ZAR/POUND

SA Economic Indicators

Exchange Rate

Updated June 2015

Source: X-Rates.com

Euro begins physical

circulation

Rand fallout following the Twin Towers

Attack

2008/2009 Recession &

election uncertainty

Reduction in US Fed QE Programme

Eurozone debt crisis and economic

slowdown

South African Economic IndicatorsJune 2015

May 2014 June 2014 July 2014 August 2014

September 2014

October 2013

November 2014

December 2014

January 2015

February 2015

March 2015 April 2015 May 2015R 0R 1R 2R 3R 4R 5R 6R 7R 8R 9

R 10R 11R 12R 13R 14R 15R 16R 17R 18R 19R 20

R 10.41R 11.07

R 11.56R 11.97

R 14.29 R 14.43R 13.83

R 13.43 R 13.36

R 17.52R 18.20

R 17.48

R 18.49

Exchange Rates Last 12 Months

ZAR/USD ZAR/Euro ZAR/Pound

Updated June 2015

SA Economic Indicators

Exchange Rate

Source: X-Rates.com

Significant R/$ fall out, as the SA economy weakens and the US

strengthens

The Greek debt crisis continues to weigh on a

weak Eurozone

South African Economic IndicatorsJune 2015

SA Economic Indicators

Exchange RateCOMMENTARY

• The rand weakened against the $ and the £ in May. The continued weakness in the Eurozone saw the rand strengthen against the €

• The rand weakened at the end of May following the release of SA’s muted GDP figure for Q1/2015

• The rand has lost neat 9% against the dollar so far in 2015

• This is due to investors dumping risky emerging markets

• Greece and the IMF remain in negotiations regarding the country’s debt. It is believed that failure to reach a deal by the end of June could mean the beginning of the end for the Eurozone

Exchange Rate Movements YoY

May 2014 May 2015

US$ R10,41 R11,97 (R weakened 15%)

€ R14,29 R13,36 (R strengthened 7%)

£ R17,52 R18,49 (R weakened 5.5%)

South African Economic IndicatorsJune 2015

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Kate Shirley | Retail Analyst – Independents

Maryla Masojada | Head Research

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Other SourcesABSA Agri Trends; BizCommunity; Bloomberg; Business Day; Business Report; Department of Agriculture, Forestry and Fisheries; Financial Mail; Finweek; Fin 24; The Mercury; Reuters; Stanlib, Sunday Times; Sunday Tribune; The Times ; www.businesslive.co.za; www.businessweek.com; www.moneyweb.co.za; www.supermarket.co.za; thesouthafrican.com