Category Archives: Economy Data Stories

Counting the costs of Valentine’s Day

Counting the costs of Valentine’s Day

You’ve got no one to blame except yourself. Admit it. You totally forgot about Valentine’s Day. Now that it’s just around the corner you’ve got to come up with something fast! It was months ago when you and your significant other agreed that it would be your turn this year to do something special. You   read more »


Businesses bleed jobs for third consecutive quarter

Businesses bleed jobs for third consecutive quarter

New figures from the QES showed that South Africa’s formal non-agricultural sector shed 31 000 jobs in the third quarter of 2017. With losses of 41 000 in March 2017 and 31 000 in June 2017, this marks the third straight quarter of job losses across South Africa. The job market has experienced notable pressure in the last   read more »


Bumper harvest helps keep economy afloat

Bumper harvest helps keep economy afloat

The South African economy grew by 2,0% in the third quarter of 2017 (seasonally adjusted and annualised), down from a revised 2,8% in the second quarter. Agriculture, mining and manufacturing were the main drivers of the expansion, while there was a contraction in general government services resulting from low employment numbers in the public sector.   read more »


African Statistics Day 2017: 4 facts about our economy

African Statistics Day 2017: 4 facts about our economy

“Better lives with better economic statistics.” This is the theme for African Statistics Day 2017, taking place on 18 November. In celebration of this prestigious day, Stats SA explores the archives to find four facts on the South African economy that you might have missed. African Statistics Day was initiated by the United Nations to   read more »


Formal business sector debt in 2016

Formal business sector debt in 2016

South African businesses are borrowing more money. The amount of debt held by the formal business sector1 was up 5,9% in 2016 compared with 2015. Total debt amounted to R5,7 trillion in 2016. The rise in debt was observed in eight of the nine industries, according to Stats SA’s latest Annual financial statistics (AFS) release2.   read more »


The SA business sector: turnover and profit

The SA business sector: turnover and profit

The formal business sector, excluding agriculture and financial intermediation, generated R2,3 trillion in turnover during the second quarter of 2017, i.e. the months of April, May and June. Who was responsible for generating this amount? Stats SA’s Quarterly Financial Statistics (QFS) report, which provides regular updates on the financial state and makeup of South Africa’s   read more »


Jump in government higher education spending

Jump in government higher education spending

It’s been three years since the #FeesMustFall campaign erupted on campuses across the country. Thousands of students protested – at times violently – over rising tuition fees. On the back of frustration over the lack of funding for poorer students, the movement resuscitated, in a big way, the debate over whether South Africa should offer   read more »


3,5 million travellers to South Africa

3,5 million travellers to South Africa

Summer is here and it’s time once again for the tourist high season. For those in the tourism industry, it is the busiest time of the year with tourists from around the globe flocking to South African shores to enjoy our beautiful beaches, the African sun and the many attractions that South Africa has to   read more »


Digging deeper into your pocket? These prices might be to blame

Digging deeper into your pocket? These prices might be to blame

Does that braai pack feel a bit expensive? If you’ve recently noticed a rise in meat prices, then you’re not alone. Let’s take a closer look at that, as well as other items in the consumer price index with inflation higher than South Africa’s inflation target of 3–6% that is used for monetary policy. In   read more »


Falling prices: the good, the better, and the best

Falling prices: the good, the better, and the best

It’s hard to believe. It goes against what we often hear. Whether chatting with friends around the braai or debating with family at the dinner table, almost everyone has a story to tell about their own experiences with rising prices. Surprisingly, data show that there are in fact items that are cheaper now than they   read more »