Category Archives: Government finances

Despite the VAT increase, food inflation continues to fall

Despite the VAT increase, food inflation continues to fall

Annual food inflation continues to slow despite April’s rise in value added tax (VAT). In fact, some food items are actually cheaper than they were a year ago. The items you are now paying less for are in the oil, bread, fruit and sugar categories, according to the latest Consumer Price Index (CPI) release.1 Bread   read more »


BRICS: Where does South Africa rank?

BRICS: Where does South Africa rank?

Much excitement surrounds the 10th BRICS Summit currently taking place in Johannesburg. Heads of State and representatives from the club’s five members – Brazil, Russia, India, China and South Africa – are gearing up for a week of deliberation over common issues and shared interests. As the host, how does South Africa rank in terms   read more »


National government funding allocations: Who are the main beneficiaries?

National government funding allocations: Who are the main beneficiaries?

Where does your tax money go after it has entered the state coffers? Recent data provide an overview of how national government distributes money to other levels of government. Stats SA publishes financial data for the different levels of government (i.e. national, provincial, local, extra-budgetary accounts) and higher education institutions in separate reports throughout the   read more »


Four facts about municipal debt

Four facts about municipal debt

Eskom announced earlier this year that it would roll out power cuts to several defaulting municipalities.1 The inability of particular municipalities to honour debt payments has been a thorn in the flesh of local government administration. The following are a few key facts about municipal debt, from Statistics South Africa’s latest Financial census of municipalities   read more »


If South Africa’s provinces were independent states

If South Africa’s provinces were independent states

Perspective matters. A lot. Recent provincial economic data published by Stats SA take on a fresh light when they’re ranked against other countries. Gauteng is South Africa’s economic powerhouse. The province contributed just over a third to South Africa’s economic output in 2016, according to provincial gross domestic product (GDP) figures.1 In runner-up positions were   read more »


Tracking municipal revenue and expenditure

Tracking municipal revenue and expenditure

Keeping a close eye on municipal finances takes a lot of work. One of Stats SA’s tasks is to compile statistics every quarter on the state of local government finances, from 257 municipalities across the country. Figures for the quarter ending December 2017 were recently released, providing an update on how municipalities spend their money.   read more »


Economic growth better than what many expected

Economic growth better than what many expected

In a time when good news seems hard to come by, the latest gross domestic product (GDP) results provide some cautious cheer. The South African economy grew by 1,3% in 2017, exceeding National Treasury’s expectation of 1,0% growth announced during the National Budget Speech in February. After a wobbly start to 2017, which saw economic   read more »


Infographic: Government’s spending priorities

Infographic: Government’s spending priorities

Stats SA recently released a complete overview of total government spending for 2015/16, providing insight into where your tax contributions have gone. Did you know that more money was spent on the police than on primary education, and more on defence than on environmental protection? Have a look at this infographic for more. According to   read more »


The SA business sector: turnover and profit

The SA business sector: turnover and profit

The formal business sector, excluding agriculture and financial intermediation, generated R2,3 trillion in turnover during the second quarter of 2017, i.e. the months of April, May and June. Who was responsible for generating this amount? Stats SA’s Quarterly Financial Statistics (QFS) report, which provides regular updates on the financial state and makeup of South Africa’s   read more »


Government spending: how much goes to environment protection?

Government spending: how much goes to environment protection?

It goes without saying that the natural environment is extremely important to our well-being. Take our rivers and wetlands, for example. The South African National Biodiversity Institute (SANBI), together with Stats SA and other departments, published a document in 2015 outlining the health of the country’s river and wetland systems. The data do not provide   read more »