Category Archives: Economic growth

The economy: winners and losers of 2015

The economy: winners and losers of 2015

South Africa’s economy grew by 1,3% in 2015, down from 1,5% in 2014 and 2,2% in 2013, according to preliminary estimates of real gross domestic product (GDP) published by Stats SA. Overall economic growth in 2015 was characterised by two of the main industry groups shrinking in size, while the other eight experienced some growth.   read more »


Stats SA releases Gross domestic product (GDP), Q4 2015

24 February 2016 Media Invite       Stats SA releases Gross domestic product (GDP), Q4  2015 The Statistician-General of South Africa, Dr Pali Lehohla, will release the Gross domestic product (GDP) estimates for the fourth quarter of 2015 at a media briefing to be held on Tuesday, 1 March 2016 in Pretoria. The media briefing will be   read more »


Tourism: employment, economy and foreign income

Tourism: employment, economy and foreign income

Much has been said about the importance of tourism, particularly of its role in economic growth, employment and attracting foreign exchange. The latest Tourism Satellite Account for South Africa report provides indicators of tourism’s role in these three spheres. Time series for much of the data are now available (10 years).   Tourism as a   read more »


South African manufacturing production and the exchange rate

South African manufacturing production and the exchange rate

The South African economy was hit hard by the global economic crisis of 2008/2009. The country’s manufacturing industry contracted sharply, and its subsequent recovery has been insufficient for the volume of manufacturing production to return to its pre-crisis level. Figure 1 shows SA’s manufacturing production (volume) compared with OECD industrial production.1 Preliminary manufacturing data for   read more »


SA economy added 7000 formal sector jobs in quarter 3 of 2015

The September 2015 Quarterly Employment Statistics (QES) survey showed that an estimated 8 951 000 persons were employed in the formal non-agricultural sector of the South African economy. This reflected a quarterly increase of 7 000 employees (+0,1%) between June 2015 and September 2015 and an annual increase of 4 000 employees (0,0%) between September   read more »


Private sector turnover rises in the third quarter

Private sector turnover rises in the third quarter

Stats SA’s latest Quarterly Financial Statistics report provides detailed financial statistics on the private sector, for the quarter ending September 2015. How did business turnover fare over this period? The following short article covers key turnover statistics from the report. Total turnover Total turnover in the private sector increased by 3,3% in the September 2015   read more »


South Africa’s economy narrowly avoids recession

South Africa’s economy narrowly avoids recession

South Africa’s economy grew by 0,7% in the third quarter of 2015, according to preliminary estimates of real gross domestic product (GDP) released by Stats SA. Unless otherwise stated, growth rates are quarter-on-quarter, seasonally adjusted and annualised. After experiencing a 1,3% contraction in the second quarter, the marginal GDP growth in the third quarter staved   read more »


Media Invite: Stats SA releases Gross domestic product (GDP), Q3 2015

Media Invite                                                        19 November 2015 Stats SA releases Gross domestic product (GDP), Q3 2015 The Statistician-General of South Africa, Mr Pali Lehohla, will release the Gross domestic product (GDP) estimates for the third quarter of 2015 at a media briefing to be held on Tuesday, 24 November 2015 in Pretoria. The media briefing will be   read more »


Media Release: Private sector companies record turnover increases

Media Release                                                                                          17 November 2015 Private sector companies record turnover increases The total turnover for private sector enterprises1 operating in the South African economy increased by 10,9% to R7 766 625 million (R7,8 trillion) in 2014, from R7 001 362 million (R7,0 trillion) in 2013. For the reference period, turnover increased in   read more »


Manufacturing growth: beware the base effect!

Manufacturing growth: beware the base effect!

Manufacturing production increased by 5,6% year-on-year in July 2015, driven mostly by a 39,6% year-on-year production rise in the automotive industry and a 17,4% year-on-year rise in the metals and machinery industry. It would be tempting to rejoice in response to these pronounced increases, but the figures don’t tell the whole story. These increases do   read more »