Category Archives: Economy Data Stories

Steep slump in GDP as COVID-19 takes its toll on the economy

Steep slump in GDP as COVID-19 takes its toll on the economy

The punch in the gut was severe. Perhaps the second quarter of 2020 will become known as the pandemic quarter. South Africa’s economy suffered a significant contraction during April, May and June, when the country operated under widespread lockdown restrictions in response to COVID-19. Gross domestic product (GDP) fell by just over 16% between the   read more »


EBA spending on transport declines

EBA spending on transport declines

The South African National Roads Agency Limited (SANRAL) and the Gautrain Management Agency were two of five transport institutions that cut spending in 2018/19. Total expenditure by extra-budgetary accounts and funds (EBAs) involved in transport fell by 3,5%, from R32,0 billion in 2017/18 to R30,9 billion in 2018/19.1 This is according to the latest Financial statistics of   read more »


An update to municipal spending and revenue (March 2020)

An update to municipal spending and revenue (March 2020)

Local government increased spending by 12,2% over the last year, driven largely by increased spending on employee costs. South Africa’s 257 municipalities spent R96,8 billion in the quarter ended March 2020 on operational costs, up from R86,3 billion in the quarter ended March 2019. This excludes capital spending. The latest Quarterly financial statistics of municipalities report shows   read more »


Changes to the calculation and publication date of the April CPI

Changes to the calculation and publication date of the April CPI

The COVID-19 pandemic and the drastic actions taken to prevent its spread have fundamentally impacted the South African economy and Stats SA’s ability to measure it. Government imposed a restrictive five-week lockdown from 27 March to 30 April. Data collection for the March 2020 consumer price index had been completed before the lockdown and it   read more »


COVID-19: Stats SA speeds up the monitoring of consumer prices

COVID-19: Stats SA speeds up the monitoring of consumer prices

When the COVID-19 lockdown went into effect on 27 March, the range of products available to households for purchase was restricted to a set of defined essential goods and services. Since the beginning of the lockdown, Stats SA has been measuring price changes for those essential goods that appear in the Consumer Price Index (CPI)   read more »


Inflation dips to 4,1%

Inflation dips to 4,1%

Annual CPI inflation nudged lower to 4,1% in March from February’s reading of 4,6%. There were two key features of the CPI in March: the incorporation of fee data from educational institutions (including crèches) and the effect of the latest increases in excise tariffs. Tuition fees are surveyed once a year in March. On average,   read more »


COVID-19: Four in ten businesses feel that they cannot continue to operate

Media release                                                                                               21 April 2020  COVID-19: Four in ten businesses feel that they cannot continue to operate  The results of a rapid response survey conducted by Stats SA during the lockdown was released today. Businesses were asked how the current crisis affected their operations in the two-week period from 30 March to 13 April 2020.   read more »


COVID-19 lockdown impacts publication of economic statistics

Media release                                                                                                              17 April 2020 COVID-19 lockdown impacts publication of economic statistics  Statistics South Africa recently issued a media statement on the impact of the lockdown on data collection processes and scheduled web statistical releases. In light of the extension of the lockdown, we felt it important to keep the public apprised of the continuing   read more »


Impact of COVID-19 on Economic Statistics in Statistics South Africa

Background The personal, social and economic impact of COVID-19 is unlike anything experienced by the world in the past 75 years. Stats SA is aware of the need for timely data to understand these impacts, but is equally constrained by the restrictions put in place to manage the spread of the coronavirus. The task of   read more »


Inflation edges up to 4,6%

Inflation edges up to 4,6%

South Africa’s annual inflation rate nudged up to 4,6% in February from January’s 4,5%, inching past the 4,5% midpoint of the South African Reserve Bank’s monetary policy target range. The last time the inflation rate was above the midpoint was in November 2018 when the rate was 5,2%. The monthly shift in consumer prices –   read more »