Current Commodity Prices in South Africa

South Africa, often referred to as the Rainbow Nation, is a vibrant and diverse country with a rich tapestry of cultures and languages. With a population of approximately 61.528 million as of 2024, it stands as a beacon of economic activity on the African continent. The nation’s economy is multifaceted, with a strong presence in agriculture, manufacturing, and services, contributing to its status as an emerging market.

Commodity Prices on South Africa Market

The South African market is a treasure trove of commodities spanning various sectors such as agriculturefashion, and consumer products. These commodities are integral to the daily lives of South Africans and play a pivotal role in the country’s economy.

Food Commodity Prices in South Africa

Food StuffPrices (R$)
50kg of Rice666 – 851
Apples (1kg)37 – 45
Banana (1kg)400 – 600
Tomato (1kg)200 – 500
Potato (1kg)300 – 800
Yam (A tuber)700 – 1000
Beans (A derica)300 – 370

Beverages Prices in South Africa

BeveragePrices (R$)
400g Powdered Tin Peak Milk43 – 49
900g Powdered Tin Peak Milk69 – 82
500g Tin Milo37 – 45
900g Tin Milo71 – 74
Coffee Nescafe Gold Blend60 – 67

Domestic Commodity Prices in South Africa

Home AppliancesPrices (R$)
Toasting Machine130 – 167
Electric Blenders185 – 370
Electric Cookers (1 Burner)111 – 148
Gas Cylinder 12kg (Brand New)296 – 370
42″ LED Television4,699 – 6,290

Consumer Products (Electronics)

ElectronicsPrices (R$)
Wired Head Phone93 – 111
Wireless Head Phone130 – 222
Clippers104 – 259
Smart Watches185 – 555

Computer and Accessories

Computer AccessoriesPrices (R$)
16-inch Laptop2,590 – 350,000
Macbook Laptop12,950 – 1.5M
Desk Jet Printer407 – 481
External Mouse200 – 500

Daily Commodity Prices in South Africa

Beauty & Personal CarePrices (R$)
Close Up Toothpaste250 – 300
Nivea Body Lotion56 – 93
Male Hair Cream100 – 200
Dettol Large (Anti Germ Liquid)93

Useful Details on Commodity Prices in South Africa

The Central Bank of South Africa (CBN) plays a crucial role in monitoring domestic and international commodity production and prices, providing policy advice to the government. The prices of commodities reflect the intricate web of economic transactions, where the cost to one producer is the price of another.

Wrap Up

In conclusion, the commodity prices in South Africa are a testament to the country’s robust economy, which is ranked 27th in the world for nominal GDP and 22nd in purchasing power parity. The agricultural sector, in particular, has been a significant contributor to the GDP, highlighting the importance of commodities in the nation’s economic landscape.

South Africa’s economy is a middle-income, mixed economy, with services accounting for a significant portion due to the high population. As we navigate through 2024, understanding the dynamics of commodity prices is essential for consumers, businesses, and policymakers alike.