Annual consumer price inflation was 5,2% in May, unchanged from April. The monthly change in the consumer price index (CPI) was 0,2%. Annual rates for four of the twelve product groups remained steady between April and May, including food & non-alcoholic beverages (NAB). Higher rates were recorded for transport, alcoholic beverages & tobacco and recreation   read more »

June 16 is Youth Day in South Africa, commemorating the sacrifice paid by the youth who participated in the Soweto uprising in 1976. The day is also recognised as the Day of the African Child on the African continent and celebrated every year. The theme for the year is “To educate an African Child Fit   read more »

Real gross domestic product (GDP) contracted by a marginal 0,1% in the first three months of 2024. This followed a revised 0,3% increase in the fourth quarter of 2023. Weaker manufacturing, mining and construction drove much of the downward momentum on the production side of the economy, while the expenditure side witnessed a decline across   read more »

Real gross domestic product (GDP) contracted by a marginal 0,1% in the first quarter (January–March) of 2024.1 This followed a revised 0,3% increase in the fourth quarter of 2023. Weaker manufacturing, mining and construction drove much of the downward momentum on the production (supply) side of the economy, while the expenditure (demand) side witnessed a   read more »

Stats SA published 24 releases in May, with many providing a preliminary overview of economic performance in the first quarter (January–March). Key industries down in the first three months of the year Mining, manufacturing, electricity, construction, retail trade, motor trade and road transport were weaker in the first quarter of 2024 compared with the fourth   read more »

In 2024, South Africa celebrates three decades since the advent of democracy, a pivotal moment in its history. This milestone not only signifies the passage of time but also reflects the enduring journey towards equality, freedom, and justice for all its citizens. Households reflect the ongoing transformation, encompassing a diverse mix of cultural, economic, and   read more »

The consumer price index (CPI) recorded an annual increase of 5,2% in April, down from 5,3% in March and 5,6% in February. Housing & utilities, miscellaneous goods & services, food & non-alcoholic beverages (NAB) and transport were the main drivers behind the headline rate in April. The monthly change in the CPI was 0,3% in   read more »

Following a two-month upswing, headline inflation softened to 5,3% in March from 5,6% in February. The rate has held its ground between 5% and 6% since September 2023. The monthly change in the consumer price index (CPI) was 0,8% in March. This is lower than the 1,0% increase in February. The biggest movers in March The   read more »

This year marks 30 years since millions of South Africans cast their ballot in the democratic elections of 1994 for the first time in their lives. As the country reflects on 30 years of freedom and democracy, the celebrations will be focusing on the gains that have been made, achievements and milestones as well as   read more »

Press Release                                                                                                                     11 April 2024 SEZ Income Surges to R18, 9 Billion in 2023 Gqeberha, 11 April – The Coega Special Economic Zone (SEZ) in Gqeberha is showing consistent growth in both income and capital expenditure, and employs more women and youth, according to the latest Statistics South Africa survey. Investors made R18,9 billion   read more »