Category Archives: Economy Data Stories

Three facts about small business turnover in South Africa

Three facts about small business turnover in South Africa

As government introduces new legislation to further support small, medium and micro-sized enterprises (SMMEs), recently released data from the 2019 Annual Financial Statistics (AFS) survey shows the growing role that small businesses play in the formal business sector. The National Small Enterprise Amendment Bill 2020, gazetted recently, outlines the establishment of an ombud service that   read more »


GDP rallies as lockdown restrictions ease

GDP rallies as lockdown restrictions ease

South Africa’s economy rebounded in the third quarter of 2020 (July–September), coinciding with the easing of COVID-19 lockdown restrictions. All industries recorded an increase in economic activity compared with the second quarter, with manufacturing, trade and mining leading the charge. Businesses were supported by an increase in both exports and household spending. Gross domestic product   read more »


Inflation edges up as food and drink prices bite

Inflation edges up as food and drink prices bite

Annual consumer inflation hit a seven-month high in October, driven largely by rising prices for food and non-alcoholic beverages. Headline inflation was 3,3%, the biggest annual rise since March when the rate was 4,1%. The monthly increase in October was 0,3%, edging up from 0,2% recorded in both September and August. Food and drink inflation   read more »


Public-sector infrastructure investment falls for a third year

Public-sector infrastructure investment falls for a third year

The economic downturn and reduced levels of government infrastructure investment have taken a heavy economic toll on capital spending by the public sector. Public-sector spending on infrastructure (referred to as capital expenditure) decreased for a third consecutive year, falling from R250 billion in 2018 to R231 billion in 2019 according to Stats SA’s latest Capital expenditure by   read more »


Inflation falls to a three-month low

Inflation falls to a three-month low

South Africa’s annual inflation rate was 3,0% in September, lower than the rates recorded in July (3,2%) and August (3,1%). The change in the consumer price index between August 2020 and September 2020 was 0,2%, identical to the reading in the previous month. The alcoholic beverages and tobacco division was the main reason for the   read more »


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 »