Steep slump in GDP as COVID-19 takes its toll on the economy

Steep slump in GDP as COVID-19 takes its toll on the economy

The punch in the gut was severe. Perhaps the second quarter of 2020 will become known as the pandemic quarter. South Africa’s economy suffered a significant contraction during April, May and June, when the country operated under widespread lockdown restrictions in response to COVID-19. Gross domestic product (GDP) fell by just over 16% between the   read more »


EBA spending on transport declines

EBA spending on transport declines

The South African National Roads Agency Limited (SANRAL) and the Gautrain Management Agency were two of five transport institutions that cut spending in 2018/19. Total expenditure by extra-budgetary accounts and funds (EBAs) involved in transport fell by 3,5%, from R32,0 billion in 2017/18 to R30,9 billion in 2018/19.1 This is according to the latest Financial statistics of   read more »


Consumer inflation rises to four-month high

Consumer inflation rises to four-month high

Annual CPI inflation quickened to 3,2% in July from 2,2% in June as lockdown restrictions continued to ease. The monthly increase was 1,3%, the biggest monthly rise since February 2016 when the rate was 1,4%. The monthly move in July was driven largely by fuel prices and municipal tariffs. Motorists felt some pain as the   read more »


Update on the Consumer Price Index (CPI) for July

Stats SA will publish the July CPI on Wednesday, 26 August. The collection and compilation of the CPI for July was affected by COVID-19 lockdown restrictions. Read here for more information.


Baking bad during lockdown

Baking bad during lockdown

You’ve waited too long. Your friends have tried it, you’ve seen the videos, you’re feeling the FOMO. You roll up your sleeves – it is time to bake your own lockdown bread. The kitchen is ready. The ingredients are all set out. Two cups of boiling water – check! Instant yeast, brown sugar, salt, flour   read more »


An update to municipal spending and revenue (March 2020)

An update to municipal spending and revenue (March 2020)

Local government increased spending by 12,2% over the last year, driven largely by increased spending on employee costs. South Africa’s 257 municipalities spent R96,8 billion in the quarter ended March 2020 on operational costs, up from R86,3 billion in the quarter ended March 2019. This excludes capital spending. The latest Quarterly financial statistics of municipalities report shows   read more »


Inflation rate edges up in June

Inflation rate edges up in June

Annual CPI inflation was 2,2% in June, slightly up from 2,1% in May. The monthly increase was 0,5% – a reversal of the -0,6% recorded between April and May. The dominance of fuel price changes recorded in the previous few months continued in June. Fuel prices increased by 7,5% from May to June, with petrol   read more »


Decline in formal sector jobs in first quarter 2020

Decline in formal sector jobs in first quarter 2020

According to the Quarterly employment statistics (QES) survey released by Statistics South Africa (Stats SA) the formal non-agricultural sector shed 3 000 jobs in the first quarter of 2020. This brings the total number of persons employed in the formal non-agricultural sector in South Africa to 10,2 million. According to the report, formal sector jobs rose   read more »


Mobility and migration in SA during the COVID-19 lockdown

Mobility and migration in SA during the COVID-19 lockdown

Statistics South Africa (Stats SA) has released the third and final round of a series of three online web-based surveys to measure the impact of the COVID-19 pandemic on individuals in the country. The third round of the survey (Wave 3) focused on migration and education issues for persons residing in South Africa who are   read more »


The June CPI will use special imputation methods

The June CPI will use special imputation methods to account for the shift from Level 4 to Level 3 lockdown restrictions on consumer spending. Stats SA has published a note to explain the circumstances in which different methods will employed. An updated publication schedule for the remainder of 2020 is included in the note. During August   read more »