The effects of seawater inflows and macrophyte beds on community metabolism and phosphorus dynamics in the seasonally-closed Swartvlei estuary were investigated. Metabolic rates were determined by diurnal oxygen curve analysis. Gross primary production ranged from 0,7 to 14,9 g 0₂ m⁻² day⁻¹, and respiration from 0,9 to 25,2 g 0₂ m⁻² day⁻¹. The highest production rates were recorded inside the dense beds of Zostera capens is Setchell (x- = 7,8 g 0₂ m⁻² day⁻¹ ). Metabolism was positively correlated to submersed macrophyte cover, and decreased upstream of the mouth region. No seasonal variation in gross production could be detected, and mouth closure had no detectable effect on metabolic rates. Growth of the green alga Enteromorpha sp. in winter, and the effect of decay of this alga on dissolved oxygen, total inorganic carbon and total dissolved phosphorus in the water column is discussed. High day-time respiration values, measured in a darkened polythene enclosure, indicate that photorespiration occurs in Zostera. Apparently the annual amount of oxygen respired throughout the estuary exceeded that produced by 2 7100 tonnes, i.e. the estuary was heterotrophic. This is discussed in relation to the effectiveness of the diurnal curve method as a way of measuring metabolic rates, and to the possibility of organic matter input via river inflows. There is a net gain of up to 17,4 kg of particulate phosphorus over mean tides. Diurnal phosphorus studies indicate that Zostera releases phosphate into the water column in the light. Enteromorpha takes up phosphate in the morning, which it appears to release over the rest of the day. The cycling of phosphorus between seawater, sediments, macrophytes and the water column is discussed.