CPI inflation slows to 2,1% in May

CPI inflation slows to 2,1% in May

Annual consumer price inflation fell to its lowest reading since September 2004, dragged lower mainly by falling fuel prices. The Consumer Price Index (CPI), which measures the prices of a range of consumer goods and services, increased by 2,1% in May 2020 compared with May 2019. The reading for September 2004, 15 years and eight   read more »


Update on the Consumer Price Index (CPI) for May

The May CPI will be published on Wednesday, 15 July. At the heart of measuring inflation is the comparison of prices of a fixed set of products in two periods. The COVID-19 lockdown restrictions and gradual normalisation have posed particular challenges for the calculation of the consumer price index. Special imputation methods were used in   read more »


Working capital: How do municipalities fare?

Working capital: How do municipalities fare?

How many South African municipalities are in a position to pay back short-term debt? Stats SA’s latest Financial census of municipalities report provides an answer. One way to gauge a business or government institution’s ability to pay back short-term debt is to inspect the working capital ratio. The working capital ratio is a financial indicator.   read more »


Protecting South Africa’s elderly

Protecting South Africa’s elderly

Statistics South Africa (Stats SA) estimates the mid-year population 2020 at 59,62 million in South Africa. Around 51,1% (approximately 30,5 million) of the population is female, while 5,43 million people are aged 60 and over. Demography gives us an awareness of the fact that we live in increasingly aging populations. In South Africa, the growth   read more »


South Africa’s poor little children

South Africa’s poor little children

In 2015, the South African population was estimated at 55 million people, of which 19,7 million were children aged less than 18 years (0–17). According to a new report released by Statistics South Africa, Child poverty in South Africa: A Multiple Overlapping Deprivation Analysis, more than 6 out of 10 (62,1%) children aged 0–17 years   read more »


GDP falls by 2,0%

GDP falls by 2,0%

The South African economy recorded its third consecutive quarter of economic decline, falling by 2,0% (seasonally adjusted and annualised) in the first quarter of 2020.1 This followed a contraction of -1,4% and -0,8% in the fourth and third quarters of 2019, respectively. The results presented here cover the period 1 January 2020 to 31 March   read more »


Business under lockdown: Pressure might be easing

Business under lockdown: Pressure might be easing

During the final two weeks of Level 5 lockdown, almost half of the businesses responding to our impact survey indicated that they had temporarily ceased trading. During Level 4, this fell to one-fifth, according to a follow-up survey. Other indicators from the Level 4 survey show a similar pattern as the economy returns to full   read more »


A 110-year-old trade venture

A 110-year-old trade venture

It’s fascinating to think that one of the earliest experiments in free trade happened right here in southern Africa. Exactly 110 years ago this month, the Southern Africa Customs Union (SACU) was born. We explore data showing how the region depends on the oldest surviving trading bloc in the world. On 31 May 1910, South   read more »


Vulnerability of youth in the South African labour market

Vulnerability of youth in the South African labour market

The results of the Quarterly Labour Force Survey (QLFS) for the first quarter of 2020 indicate that employment decreased by 38 000 to 16,4 million and the number of unemployed persons increased by 344 000 to 7,1 million. As a result, the official unemployment rate increased by 1 percentage point to (30,1%) compared to the fourth quarter   read more »


Inflation the lowest in almost 15 years

Inflation the lowest in almost 15 years

Annual CPI inflation for April reflects the impact of the first month of the COVID-19 lockdown. The rate dropped to 3,0% in April from 4,1% in March, the lowest reading since June 2005 when the rate was 2,8%. Consumer inflation is now at the bottom of the South African Reserve Bank (SARB) target range of   read more »