Category Archives: Economy Data Stories

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 »


Fuel inflation remains in double-digit territory as prices rise

Fuel inflation remains in double-digit territory as prices rise

It might sound like an anecdote from a reminiscing grandparent, that there was a time you could completely fill your petrol tank (45 litres) with just R270. Those good old days weren’t that long ago, actually. The price of inland 95-octane petrol fell to a low of R6,01 in January 2009 on the back of tumbling   read more »


The economy shrinks by 0,7% in Q2: 2018

The economy shrinks by 0,7% in Q2: 2018

The South African economy slipped into recession during the second quarter of 2018, shrinking by 0,7% quarter-on-quarter (seasonally adjusted and annualised). This followed a revised 2,6% contraction in the first quarter of 2018. The widely recognised indicator of recession is two (or more) consecutive quarters of negative growth (real GDP quarter-on-quarter). South Africa experienced its   read more »


What’s in a name?

The most popular name given to babies in 2017 is Enzokuhle. The name, which shares the top spot for both males and females, loosely translates to, “to do good”. According to the Recorded Live Births, 2017 report released by Statistics South Africa (Stats SA), a person’s forename and surname are fundamental human rights enshrined in   read more »


Plugging the skills gap one leak at a time

Plugging the skills gap one leak at a time

Recent news reports of sewage spills in the Vaal Dam have again raised concerns over South Africa’s water resources. In order to reduce the costs of maintaining the country’s water network, government has embarked on a programme to train unemployed youth with skills to patch up ageing infrastructure. An important tool to fight joblessness is   read more »