Category Archives: Import and exports

Formal business sector debt in 2016

Formal business sector debt in 2016

South African businesses are borrowing more money. The amount of debt held by the formal business sector1 was up 5,9% in 2016 compared with 2015. Total debt amounted to R5,7 trillion in 2016. The rise in debt was observed in eight of the nine industries, according to Stats SA’s latest Annual financial statistics (AFS) release2.   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 »


To bean or not to bean – a look at the price of your cup of coffee

To bean or not to bean – a look at the price of your cup of coffee   Coffee. The lifeblood of many. The cup that jumpstarts your morning. The lack thereof creates zombies in offices across the world daily. The joys of drinking coffee are beautifully expressed in Johann Sebastian Bach’s Coffee Cantata, which   read more »


South African manufacturing production and the rand (an update)

South African manufacturing production and the rand (an update)

Industry growth rates depend on many factors, and the South African manufacturing industry is no exception. The state of the local and global economy and the rand exchange rate are some of the factors that are watched closely when assessing the performance of manufacturing production.   Figure 1 shows the severe impact of the global   read more »


AGDP Media statement

Press statement Embargo: Tuesday 06 September 2016, 11:30   GDP in the second quarter of 2016 grew by 3,3%   Gross domestic product (measured by production) South Africa’s gross domestic product (GDP) growth rate was 3,3% in the second quarter of 2016.1 The main contributors to the GDP growth rate were the manufacturing industry and   read more »


Positive GDP growth in the second quarter of 2016

Positive GDP growth in the second quarter of 2016

South Africa’s economy grew by 3,3% quarter-on-quarter (seasonally adjusted and annualised), according to estimates of real gross domestic product (measured by production). This is the fastest quarter-on-quarter rise in economic activity since the fourth quarter of 2014. Year-on-year growth in the second quarter of 2016 was 0,6%. The mining and manufacturing industries contributed over half   read more »


South Africa’s CPI reveals how volatile inflation hurts the poorest

Patrick Kelly, Executive Manager for Price Statistics, provides some insights into how inflation affects the most vulnerable. The combined effect of the severe drought and the depreciation of the rand drove annual food inflation to 9,8% in March, its highest level in four years. Periods of high food inflation often spark an outpouring of concern   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 »