Public sector institutions continue to invest in infrastructure despite tough economic conditions

Public sector institutions continue to invest in infrastructure despite tough economic conditions

Capital expenditure by public sector institutions (national, provincial and local government, extra-budgetary, higher education and public sector institutions) increased by 4,8% (or R9,7 billion), from R202,8 billion in 2012 to R212,5 billion in 2013. A disaggregation of capital expenditure by type reveals increases on plant, machinery and equipment (up R10 billion from 2012), ‘other’ fixed   read more »


Inflation for June unchanged

Inflation for June unchanged

Annual consumer inflation for June was steady at 6,6%, with a monthly increase of 0,3%. Food and non-alcoholic beverages prices increased by a modest 0,1% between May and June resulting in an unchanged 8,8% annual rate.  Specific food items which continue to exert upward pressure on inflation are white bread (monthly increase of 1,9%) and full cream   read more »


Travel time most important when choosing transport

Travel time most important when choosing transport

Travel time is the factor that influenced most households’ choice of transport. This is just one of the findings of the National Household Travel Survey (NHTS), conducted by Statistics South Africa (Stats SA) in 2013 for the National Department of Transport. At a national level, 32,6% of households indicated that travel time was the primary   read more »


Strike action slows mining production

Mining production decreased by 6,5% year-on-year in May 2014. The largest negative growth rates were recorded for Platinum Group Metals (PGMs) (-48,5%), ‘other’ non-metallic minerals (-13,3%) and building materials (-11,7%). The main contributor to the 6,5% decrease was PGMs (contributing -10,4 percentage points). Iron ore was a significant positive contributor (contributing 3,1 percentage points). The   read more »


National government spending breaks the R1 trillion mark

National government spending breaks the R1 trillion mark

The South African national government expenditure surpassed R1 trillion in the 2012/13 fiscal year, almost double the R567 billion spent in 2007/08. This was a finding from Stats SA’s Financial Statistics of National Government report, an annual release containing details of national government spending. Exploring expenditure trends over the last six years, the report shows   read more »


Households experience increased access to piped water, but are less satisfied with the service

Households experience increased access to piped water, but are less satisfied with the service

Although the number and percentage of households in South Africa with access to piped water has increased steadily over the last decade, household satisfaction with the quality of water services has decreased. This is one of the findings from the latest release of Stats SA’s General Household Survey (GHS). Conducted on an annual basis since   read more »


Highest inflation in almost five years

Highest inflation in almost five years

Inflation hits 6,6% in May 2014, the highest rate in almost five years (6,8% in July 2009).  The monthly increase is a modest 0,2%. The big jump in the annual rate is mainly as a result of a drop of 0,3% in the index in May 2013. This drop was mainly a result of a 73c/l   read more »


First quarter GDP down

First quarter GDP down

The seasonally adjusted real gross domestic product (GDP) at market prices for the first quarter of 2014 decreased by an annualised rate of 0,6 percent. The main contributors to this decrease in economic activity were the mining and quarrying industry (-1,3 percentage points) and the manufacturing industry (-0,7 of a percentage point). The mining and   read more »


Inflation at 6,1%, outside the SARB inflation target range

Inflation at 6,1%, outside the SARB inflation target range

The headline inflation rate continues to increase, printing at 6,1% in April with a 0,5% monthly increase. The big driver of the monthly increase is food and non-alcoholic beverages prices which registered a monthly increase of 1,3%. Within food, meat (2,0% month-on-month), and particularly beef (4,2% m/m) prices have accelerated. Maize, which is another heavily   read more »


Inflation at 6%, hitting the ceiling of the SARB inflation target range

Inflation at 6%, hitting the ceiling of the SARB inflation target range

Hitting the ceiling of the South African Reserve Bank (SARB) inflation target range, the CPI comes in at 6% this month, with a 1,3% monthly increase. The monthly increase is the largest since June 2008 (1,4%). The monthly increase has been steadily increasing since a low of 0,1% in November 2013. Food and non-alcoholic beverages   read more »