Category Archives: Economy Data Stories

PGM sales surge due to higher prices

PGM sales surge due to higher prices

Like all other commodities, South Africa’s production of platinum group metals (PGMs) was volatile in 2020 as miners tried to navigate the uncertainty and economic damage caused by the COVID-19 pandemic. Here is a snapshot of how PGM production, prices and sales fared during the year. Supplies were adversely affected by COVID-19 related mine disruptions   read more »


Municipalities: service delivery, bucket toilets and gender representation

Municipalities: service delivery, bucket toilets and gender representation

There are two sides to every coin. Service delivery in South Africa is often measured from the demand side, via household surveys and the Population Census. What you might not know about is that data also exist for the supply side, collected from those who provide services. Every year Stats SA asks municipalities to provide   read more »


When talking economics, consider the provinces

When talking economics, consider the provinces

Economic growth is often quite lumpy. A national measure of gross domestic product (GDP) is useful to gauge how a country is doing as a whole. Still, it misses the fact that economic activity varies across towns, cities and regions. Stats SA’s most recent quarterly GDP release provides national data for the entire year of   read more »


Annual consumer inflation slows to an eight-month low

Annual consumer inflation slows to an eight-month low

Headline inflation slowed to 2,9% in February from 3,2% in January, the lowest reading since June last year when the rate was 2,2%. This is the third time in the past 12 months that the annual rate has slipped below the bottom end of the South African Reserve Bank’s inflation target range. Inflation was below   read more »


Headline GDP growth rate will no longer be annualised

Headline GDP growth rate will no longer be annualised

If you work with gross domestic product (GDP) data or have an interest in economic statistics, the following note might be important to you. Stats SA announced in its most recent GDP statistical release1 that it will no longer use the annualised rate as the headline rate of change. There are several measures of economic   read more »


GDP: Quantifying SA’s economic performance in 2020

GDP: Quantifying SA’s economic performance in 2020

Stats SA’s Gross domestic product (GDP) release for the fourth quarter of 2020 (October–December) concludes the series for the year, providing a sobering overview of 2020.   Manufacturing and trade help lift growth in the fourth quarter The economy grew by 1,5% in the fourth quarter, giving an annualised1 growth rate of 6,3%. This follows   read more »


Inflation remains low in January

The annual rate of consumer inflation was 3,2% in January, slightly up from December’s reading of 3,1%. The monthly increase in the consumer price index was 0,3%, following 0,2% between November and December. The monthly changes in the CPI have remained within a range of 0% to 0,3% since August 2020. Food and non-alcoholic beverages,   read more »


Love it or hate it – the rand turns 60

Love it or hate it – the rand turns 60

While many couples will be celebrating Valentine’s Day this Sunday, 14 February, historians may have a different take on the day. 14 February 2021 is the 60th anniversary of the introduction of the rand as South Africa’s currency. Following the adoption of recommendations of the Decimal Coinage Commission in 1958, the British-styled pounds, shillings and   read more »


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 »