Category Archives: Economic growth

Stats SA goes into field for Pilot Census

Statistics South Africa (Stats SA) will conduct a Pilot Census in selected areas across the country to prepare for the upcoming census. Registration for households/institutions to be counted in the Pilot Census opens from 17 May to 30 June 2021. Data collection for the Pilot Census is from: 3 – 28 July 2021. All households/institutions   read more »


SA tourism industry struggles amidst COVID-19 pandemic

SA tourism industry struggles amidst COVID-19 pandemic

According to the Tourism, 2020 report released by Statistics South Africa, foreign arrivals dropped by 71% from just over 15, 8million in 2019 to less than 5 million in 2020. It is evident that the COVID-19 pandemic impacted the tourism industry quite hard around the world and in South Africa, mainly due to the lockdown   read more »


Education inflation the lowest in 30 years

Education inflation the lowest in 30 years

Education inflation recorded its lowest annual rate in three decades, according to data from Stats SA’s latest Consumer Price Index (CPI) release. Stats SA surveys educational institutions and crèches once a year in March. Education fees increased by 4,1% in 2021. Last year’s rise was 6,4%. Historical data shows that this is the lowest increase   read more »


The peaks and troughs of municipal income

The peaks and troughs of municipal income

For many of us who are fortunate enough, things just work. Turn on a tap, and water flows. Flip a switch, and there is light. We often take for granted the extremely complex system that provides us with services every day. Local government is a vital cog in this system. South Africa’s 257 municipalities are   read more »


PGM sales surge due to higher prices

PGM sales surge due to higher prices

Like all other commodities, South Africa’s production of platinum group metals (PGMs) was volatile in 2020 as miners tried to navigate the uncertainty and economic damage caused by the COVID-19 pandemic. Here is a snapshot of how PGM production, prices and sales fared during the year. Supplies were adversely affected by COVID-19 related mine disruptions   read more »


When talking economics, consider the provinces

When talking economics, consider the provinces

Economic growth is often quite lumpy. A national measure of gross domestic product (GDP) is useful to gauge how a country is doing as a whole. Still, it misses the fact that economic activity varies across towns, cities and regions. Stats SA’s most recent quarterly GDP release provides national data for the entire year of   read more »


Formal non-agricultural sector jobs increase in the 4th quarter 2020

Formal non-agricultural sector jobs increase in the 4th quarter 2020

Jobs in the formal non-agricultural sector increased by 76 000 in the fourth quarter of 2020, bringing the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 9,64 million. This is according to the Quarterly Employment Statistics (QES, Q4:2020) survey released by Statistics South Africa (Stats SA). Year-on-year, formal sector   read more »


Headline GDP growth rate will no longer be annualised

Headline GDP growth rate will no longer be annualised

If you work with gross domestic product (GDP) data or have an interest in economic statistics, the following note might be important to you. Stats SA announced in its most recent GDP statistical release1 that it will no longer use the annualised rate as the headline rate of change. There are several measures of economic   read more »


GDP: Quantifying SA’s economic performance in 2020

GDP: Quantifying SA’s economic performance in 2020

Stats SA’s Gross domestic product (GDP) release for the fourth quarter of 2020 (October–December) concludes the series for the year, providing a sobering overview of 2020.   Manufacturing and trade help lift growth in the fourth quarter The economy grew by 1,5% in the fourth quarter, giving an annualised1 growth rate of 6,3%. This follows   read more »


More people participate in the South African labour market in the 4th quarter of 2020

More people participate in the South African labour market in the 4th quarter of 2020

According to the Quarterly Labour Force Survey (QLFS), there was an increase of 333 000 in the number of employed persons, an increase of 701 000 in the number of unemployed persons and a decrease of 890 000 in the number of people who are out of the labour force, in the 4th quarter of 2020 compared to   read more »