Category Archives: Economy Data Stories

Formal business turnover climbs by 5,5%

Formal business turnover climbs by 5,5%

The South African formal business sector1 generated R2,57 trillion in turnover in the fourth quarter of 2018. This translates to about R323 600 generated every second from October 2018 to December 2018. The R2,57 trillion was 5,5% more than the R2,44 trillion generated in the third quarter (July 2018 to September 2018). This follows a rise of 3,6% in the third quarter and   read more »


Economy edges up by 0,8% in 2018

Economy edges up by 0,8% in 2018

The South African economy grew by 1,4%1 in the fourth quarter of 2018, contributing to an overall growth rate of 0,8% for the entire year. The latest set of gross domestic product (GDP) figures released by Stats SA provides an overview of economic performance in 2018. South Africa found itself in economic recession in 2018,   read more »


Dismal December for retailers

Dismal December for retailers

The most important month of the year for retail trade is December, when many consumers are on holiday and go Christmas shopping. But December 2018 was a tough month for retail in South Africa. The volume of sales fell by 1,4% year-on-year, which was the first negative annual growth rate since February 2017. The poor   read more »


Manufacturing: winners and losers of 2018

Manufacturing: winners and losers of 2018

The manufacturing industry rebounded in 2018, recording its highest annual growth rate in five years. The food and beverages and automotive divisions were the major drivers behind the rise. However, manufacturers in communication equipment, electrical machinery and clothing failed to perform. Manufacturing production increased by 1,2% in 2018 compared with 2017, according to Stats SA’s   read more »


Business profit jumps in financial year 2016/17

Business profit jumps in financial year 2016/17

Some good news in trying times. After two consecutive years of decline, South African businesses recorded a 49% increase in net profit before tax in financial 2017, according to Stats SA’s latest Annual financial statistics (AFS) survey. The mining industry was the largest contributor to this rise. The success of a business generally depends on   read more »


The recession ends as GDP climbs by 2,2%

The recession ends as GDP climbs by 2,2%

The South African economy grew by 2,2% quarter-on-quarter (seasonally adjusted and annualised) in the third quarter of 2018, bringing to an end the country’s second recession since 1994. Higher contributions to growth in a number of industries – most notably in manufacturing, transport as well as finance and business services – were enough to lift   read more »


Tourism jobs grow despite sluggish economy

Tourism jobs grow despite sluggish economy

With concerns over job losses in major industries, the tourism sector has shown some resilience in the face of a tough economic climate. In 2017, the sector had its most successful year of job creation in recent times. The tourism sector created 31 752 net new jobs in 2017.1 This is the most number of net   read more »


General government spending slows in 2016/17

General government spending slows in 2016/17

Indicative of an economy under strain, expenditure by general government increased by just 4,7% from 2015/16 to 2016/17. This is the lowest annual rise in spending on record since 2005/06, when Stats SA started publishing the current series of its Financial statistics of consolidated general government report. The latest financial data provide an updated picture   read more »


Who is most likely to be affected by long-term unemployment?

Who is most likely to be affected by long-term unemployment?

South Africa’s official unemployment rate is on the increase. In the past 10 years (2008–2018), the unemployment rate has increased from 21,5% to almost 28,0%. Unemployment refers to those persons who were not employed, had taken steps to look for a job or to start a business and were available to take up a job   read more »


Agric Census has begun

Agric Census has begun

It’s all systems go as Statistician–General and head of Statistics South Africa (Stats SA), Mr Risenga Maluleke, this morning led a delegation of Stats SA fieldworkers to collect data at a farm in Bapsfontein in the East Rand for the Census of Commercial Agriculture (CoCA). About 600 fieldworkers wearing Stats SA branded gear, across the country are currently collecting data from farmers in order to count the number of commercial farmers,   read more »