Category Archives: Government finances

Municipalities experience a rise in employee-related costs

Municipalities experience a rise in employee-related costs

Employee-related costs of municipalities rose from R61,2 billion in 2012/13 to R68,4 billion in 2013/14, an rise of 11,6%. This is one of the findings from the latest Financial census of municipalities report published by Stats SA. Metropolitan municipalities contributed 57,3% (R39 billion) of total municipal employee related costs in 2013/14. Local municipalities contributed 34,6%   read more »


Debt, taxes and spending: national government finances in the spotlight

Debt, taxes and spending: national government finances in the spotlight

Approximately 9% (or R101 billion) of total national government expenditure for the 2013/14 financial year was on interest on state debt. This is one of the findings from Stats SA’s latest Financial statistics of national government report. Using financial data from 41 government departments, the report measures national government spending, broken down by function (e.g.   read more »


How much do South Africans spend on ICT?

How much do South Africans spend on ICT?

South African households spent R91,6 billion on ICT products in 2012, contributing 4,6% of total household expenditure. This is one of the findings from the Information and Communication Technology satellite account for South Africa report, which provides an overview of the economic role of the ICT sector in South Africa, in terms of household expenditure,   read more »


An overview of the non-profit sector in South Africa

An overview of the non-profit sector in South Africa

There were 127 032 non-profit institutions (NPIs) in 2014, according to a report released by Stats SA. Sourcing data from the Department of Social Development (DSD), the report offers an overview of the non-profit sector in South Africa, providing information on the various roles in which NPIs are involved, their income sources, and what they spend   read more »


Fewer companies going bust

Fewer companies going bust

Despite growing concern over the current state of the economy, recent data show that fewer companies closed down in 2014 compared to 2013. The good news is that this is a trend that has been happening for some time. According to the latest Statistics of liquidations and insolvencies report, released by Stats SA on Monday   read more »


A glimmer of hope in a time of darkness?

A glimmer of hope in a time of darkness?

With the current electricity supply problems gripping the country, some comfort can be drawn from recent financial data that indicates intensive investment in infrastructure by players in the electricity, gas and water supply industry. The recently published Quarterly financial statistics report, which provides a range of financial statistics on industries in the South African economy,   read more »


Municipalities spend more on electricity as tariffs rise

Municipalities spend more on electricity as tariffs rise

An increase in your electricity bill during the current spate of load shedding might put a damper on your holiday spirits, but recent financial data show that municipalities paid 10% more for electricity than they did a year ago. Stats SA’s latest release of the Quarterly financial statistics of municipalities report shows that municipalities spent   read more »


Business tax revenue struggles to recover to pre-recession highs

Business tax revenue struggles to recover to pre-recession highs

With last week’s income tax deadline still fresh in the minds of many South Africans, it is interesting to note that although the total amount of tax collected from individuals has been steadily increasing over the last four years, business tax hasn’t fared as well, with government receiving less tax from businesses in 2012/13 than   read more »


Industries report higher turnover despite a decrease in the number of enterprises

Industries report higher turnover despite a decrease in the number of enterprises

The total turnover measured for selected industries increased by 8,9%, from R6,4 trillion in 2012 to just under R7,0 trillion in 2013, despite a decrease of 11 324 enterprises between the two years1. Enterprises in the electricity, gas and water supply industry experienced the largest percentage increase in turnover (+12,5%). The results on what drives income   read more »


Higher education institutions record a 9,2% increase in collected tuition fees

Higher education institutions record a 9,2% increase in collected tuition fees

The amount of money received as tuition fees by South Africa’s 23 higher education institutions rose by 9,2%, from R16 billion in 2012 to R17 billion in 2013. This is according to data analysed for Stats SA’s latest Financial Statistics of Higher Education Institutions release. The University of Johannesburg recorded the highest increase (29,9%) in   read more »