Appreciating scale: business turnover in R200 notes

Appreciating scale: business turnover in R200 notes

The South African formal business sector generated R2,17 trillion in turnover in the third quarter of 2016. To put this into perspective, imagine if you drew this amount in R200 bills and went about giving away a bill every second. It would take 344 years to get rid of all the bills in this way!   read more »


Media Invite: Living Conditions Survey /New weights CPI basket

MEDIA ADVISORY                                                                                           17 January 2017   Release of the Living Conditions Survey and the new weights for the Consumer Price Index (CPI)   Statistics South Africa (Stats SA) will release the results of the Living Conditions Survey (LCS) 2014/2015 and the new weights for the Consumer Price Index (CPI) on Friday, 27 January 2017 at   read more »


Municipal spending in the third quarter

Municipal spending in the third quarter

Municipalities in South Africa spent a total of R73,1 billion during the September quarter of 2016. Stats SA’s latest Quarterly Financial Statistics of Municipalities report1 provides an overview of how this money was spent. More than half of municipal expenditure during the September 2016 quarter was on two items: electricity (28,0%) and employee-related costs (27,8%).   read more »


Tourism: jobs, the economy and spending

Tourism: jobs, the economy and spending

Despite a drop in the number of tourists visiting South Africa, the tourism industry continued to create jobs in 2015. Stats SA’s latest release of its Tourism Satellite Account for South Africa report provides an overview of tourism’s contribution in terms of employment, its impact on the gross domestic product (GDP) and spending. The number   read more »


Employment in the formal non-agricultural business sector increased in the third quarter

The September 2016 QES survey showed that an estimated 9 282 000 persons were employed in the formal non-agricultural sector of the South African economy. This reflected a net quarterly increase of 93 000 employees (1,0%) between June 2016 and September 2016 following a revised decrease of 96 000 employees (-1,0%) between March 2016 and   read more »


The last 15 years: business income, spending and profit

The last 15 years: business income, spending and profit

Come join us as we tell a story of South African business performance over time. There are three elements to this story, taken from Stats SA’s latest Annual financial statistics (AFS) report1: income, expenditure and profit. First, let’s explore income. The income generated by the formal business2 sector has increased consistently, except for the dip   read more »


How did the economy perform in the third quarter of 2016?

How did the economy perform in the third quarter of 2016?

Local government elections, increased mining of iron ore, water restrictions and reduced electricity consumption. Find out more about these, as well as other factors, that influenced economic growth in the third quarter. The South African economy grew by 0,2%1 quarter-on-quarter (compared with 3,5% in the second quarter), according to estimates of real gross domestic product.   read more »


Media invite: GDP Q3 of 2016

Media advisory                                                                                                              01 December 2016          Statistician-General to release Gross domestic product (GDP), Q3 2016     The Statistician-General of South Africa, Dr Pali Lehohla, will release the Gross   read more »


The ups and downs of gross domestic product

The ups and downs of gross domestic product

Economic growth can be reported in a number of different ways. Annual growth, quarter-on-quarter and year-on-year are terms that are commonly used in the context of gross domestic product (GDP). What do these terms mean? In preparation for Stats SA’s next release of GDP data on 6 December, this article explores the different ways in   read more »


How important is your tax money?

How important is your tax money?

With the income tax return deadline looming, you might be wondering how important your tax contributions have been. A recent report by Stats SA provides an answer. The South African government earned R1,22 trillion in income during the 2014/15 fiscal year, according to Stats SA’s latest Financial statistics of consolidated general government report1. If this   read more »