Category Archives: Economy Data Stories

Inflation continues to edge lower

Inflation continues to edge lower

Annual inflation eased further in November, falling to 3,6% from October’s 3,7%. This is the third successive month of disinflation, which means that the pace of price increases is slowing down. November’s reading is the lowest since December 2010 when the rate was 3,5%. The highest rate recorded since December 2010 was 7,0% in February   read more »


GDP contracts by 0,6% in the third quarter

GDP contracts by 0,6% in the third quarter

After rebounding by a revised 3,2%1 in the second quarter of 2019, activity in the South African economy slipped slightly in the third quarter. Mining, manufacturing and transport were the biggest drags on growth in gross domestic product (GDP). Mining was down by 6,1%, driven largely by a fall in the production of platinum group   read more »


Working capital: how do South African businesses fare?

Working capital: how do South African businesses fare?

Stats SA provides a snapshot of working capital across the formal business sector in the latest release of the Annual Financial Statistics (AFS) report. Working capital is a measure of a company’s liquidity and is one of a number of measures that provide insight into a company’s ability to pay off debt. To calculate working   read more »


Inflation the lowest in over eight years

Inflation the lowest in over eight years

Annual consumer inflation continued its downward streak, dropping to 3,7% in October from 4,1% in September. October’s reading is the lowest since February 2011 when the annual rate was also 3,7%. Consumers can breathe a sigh of relief at this news, as the prices of many goods and services are increasing at a much slower   read more »


CPI inflation edges lower in September

CPI inflation edges lower in September

South African annual consumer inflation slowed in September, falling to 4,1% from 4,3% recorded in August. The inflation rate has hovered between 4% and 5% since December last year and has been below 4,5% for the past three months. More significantly, it has remained below the South African Reserve Bank’s (SARB) 6% monetary policy ceiling   read more »


CPI inflation edges up in August

CPI inflation edges up in August

Annual consumer inflation quickened in August, reaching 4,3% year-on-year from the 4,0% recorded in July. This was associated with higher inflation in food and non-alcoholic beverages, housing, transport and recreation. Annual food inflation reached its highest level in 18 months, registering 3,8% in August. The pickup in food inflation was mainly driven by upward pressure   read more »


Inflation dips lower in July

Annual consumer price inflation retreated to 4,0% in July from 4,5% in June. This is the lowest CPI headline rate since January, when it was also 4,0%. A fall in fuel prices and a rise in municipal tariffs were the key price movers during the month. Fuel prices edged lower in July, bringing some relief   read more »


Inflation holds steady in June

Inflation holds steady in June

Annual consumer price inflation was 4,5% in June 2019, unchanged from May 2019. The main contributors to annual inflation were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous goods and services. Housing and utilities make up almost one quarter of the total consumer price index (CPI) in terms of weight (or relative importance).   read more »


A breakdown of the tax pie

A breakdown of the tax pie

Note: The original version of this article was published on 25 June 2019, with the international tax-to-GDP ratio figures based on data from the IMF. After discussions with National Treasury, it was agreed that tax-to-GDP figures from the OECD provide a more relevant picture when South Africa is compared with other countries, as the IMF   read more »


Inflation up slightly in May

Inflation up slightly in May

Annual consumer inflation was 4,5% in May 2019, slightly up from the 4,4% recorded in April 2019. The inflation rate has remained below the 6% monetary policy ceiling since April 2017. During this time inflation has averaged 4,7%. Prices increased by 0,3% on average in May. This was mainly driven by a 3,3% rise in   read more »