Category Archives: Economic growth

Tighter profits in the formal business sector

Tighter profits in the formal business sector

The formal business sector, excluding agriculture and banking, generated R2,34 trillion in income during the first quarter of 2017, for the months of January, February and March. On average, that’s R300 560 of income generated every second over that 90-day period. You might be thinking that’s quite a hefty amount. You might catch yourself imagining the   read more »


GDP in the first quarter of 2017 contracted by 0,7%

  Press statement                         Embargo: Tuesday 6 June 2017, 11:30   GDP in the first quarter of 2017 contracted by 0,7%   Gross domestic product (measured by production)   South Africa’s gross domestic product (GDP) growth rate was -0,7% in the first quarter of 2017.1 The largest negative contributor to growth in GDP in the first   read more »


The South African economy shrinks by 0,7%

The South African economy shrinks by 0,7%

The South African economy moved into recession with the reported decrease of 0,7% in GDP during the first quarter of 2017, following a 0,3% contraction in the fourth quarter of 2016. Using the widely accepted measure of ‘recession’ as two (or more) consecutive quarters of negative growth (real GDP quarter-on-quarter), this means that South Africa   read more »


Statistician-General to release Gross domestic product (GDP), Q1 2017

Media advisory                                                                                                             read more »


Quarterly Labour Force Survey – QLFS Q1:2017

MEDIA RELEASE                                                                                                                                           1 June 2017                      Quarterly Labour Force Survey – QLFS Q1:2017 The growth in employment by 144 000, was offset by the growth in the number of job-seekers by 433 000   read more »


How do we know if the latest GDP estimate was disappointing?

How do we know if the latest GDP estimate was disappointing?

Stats SA publishes estimates of GDP every quarter. It is one of the most anticipated statistical releases on the calendar as it captures the dynamics of the economy in a single number. The key number is expressed as the seasonally adjusted annualised growth between two consecutive quarters, based on GDP in real terms (i.e. volume)1.   read more »


Your job, your economy, your province

Your job, your economy, your province

Kathu has a story to tell. Located in the rural expanse of the Northern Cape, this small town owes its existence almost entirely to iron ore. The streets, the businesses that line them, and the eleven thousand people that call Kathu home, all draw their economic lifeblood from Sishen, one of the largest open-pit mines   read more »


Media release: Statistics South Africa presents the Mining industry, 2015 results

MEDIA RELEASE                                                                                                                                                                         29 March 2017 Mining industry, 2015 Statistics South Africa presents the Mining industry, 2015 results. Income The total income for the mining industry has increased by 2,2% per annum, from R393,4 billion in 2012 to R419,5 billion in 2015. Comparing 2012 and 2015, large increases were reported for ‘coal and lignite’ (+R21,9   read more »


GDP in the fourth quarter of 2016 contracted by 0,3%

Press statement                                                                                  Embargo: Tuesday 7 March 2017, 11:30 GDP in the fourth quarter of 2016   read more »


The economy shrinks in the fourth quarter of 2016

The economy shrinks in the fourth quarter of 2016

A fall in mining and manufacturing production in the final quarter of 2016 pulled South African economic growth into negative territory, according to preliminary figures of gross domestic product (GDP) released by Stats SA. South Africa’s economy contracted by 0,3% quarter-on-quarter (seasonally adjusted and annualised). The mining industry’s 11,5%1 drop in production was the main   read more »