Category Archives: Economic growth

Formal sector jobs moderately up in fourth quarter

Formal sector jobs moderately up in fourth quarter

New employment figures released by Statistics South Africa (Stats SA) showed that South Africa’s formal non-agricultural sector added 16 000 jobs in the fourth quarter of 2019, bringing the total number of persons employed in the formal non-agricultural sector to 10,2 million. The Quarterly Employment Survey (QES) reported that formal sector jobs rose by 18 000 in   read more »


An update to municipal spending and revenue (December 2019)

An update to municipal spending and revenue (December 2019)

South Africa’s 257 municipalities spent a total of R95,2 billion in the quarter ended December 2019 (October to December). This is how much it costs municipalities to provide services – such as water, electricity and sanitation – to millions of households across the country. The R95,2 billion was higher than the R84,4 billion that was   read more »


Three facts from the Census of Commercial Agriculture

Right now, if a natural disaster happened in Gauteng’s West Rand district, 31% of the nation’s carrot crop would be at risk. Stats SA’s latest set of reports on commercial agriculture show how certain agricultural activities are concentrated in a few, often relatively small, geographical areas. If we take a national view, the production of   read more »


Economy slips into recession

Economy slips into recession

The South African economy contracted by 1,4% in the fourth quarter of 2019, following a contraction of 0,8% (revised) in the third quarter.1 Transport and trade were the main drags on overall activity, according to the latest gross domestic product (GDP) figures. Seven of the ten industries contracted in the fourth quarter. Finance, mining and   read more »


Inflation quickens for a second month in a row

Inflation quickens for a second month in a row

South Africa’s annual inflation rate was 4,5% in January, higher than that recorded in December (4,0%) and November (3,6%). This places inflation right on the 4,5% midpoint of the South African Reserve Bank’s monetary policy target range. The main contributors to the 4,5% rate were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous   read more »


GDP contracts by 0,6% in the third quarter

GDP contracts by 0,6% in the third quarter

After rebounding by a revised 3,2%1 in the second quarter of 2019, activity in the South African economy slipped slightly in the third quarter. Mining, manufacturing and transport were the biggest drags on growth in gross domestic product (GDP). Mining was down by 6,1%, driven largely by a fall in the production of platinum group   read more »


Working capital: how do South African businesses fare?

Working capital: how do South African businesses fare?

Stats SA provides a snapshot of working capital across the formal business sector in the latest release of the Annual Financial Statistics (AFS) report. Working capital is a measure of a company’s liquidity and is one of a number of measures that provide insight into a company’s ability to pay off debt. To calculate working   read more »


CPI inflation edges lower in September

CPI inflation edges lower in September

South African annual consumer inflation slowed in September, falling to 4,1% from 4,3% recorded in August. The inflation rate has hovered between 4% and 5% since December last year and has been below 4,5% for the past three months. More significantly, it has remained below the South African Reserve Bank’s (SARB) 6% monetary policy ceiling   read more »


SA formal sector jobs decline in second quarter of 2019

SA formal sector jobs decline in second quarter of 2019

The June 2019 Quarterly Employment Survey, released by Statistics South Africa, showed that an estimated 10 172 000 people were employed in the formal non-agricultural sector of the South African economy, which is down by 2 000 from the 10 174 000 recorded in the previous quarter. Full-time employment decreased by 26 000 to 9 103 000, and part-time employment increased by 24 000   read more »


Economy dodges recession as GDP climbs 3,1%

Economy dodges recession as GDP climbs 3,1%

After shrinking sharply in the first quarter of 2019, the economy rebounded from a low base to record positive growth of 3,1%1 in the second quarter (April−June). Mining, finance, trade and government services were the main drivers of growth. Three industries (construction, agriculture and transport) registered a slump in production. Mining was the strongest performer   read more »