Jobs in the formal non-agricultural sector increased by 62 000 in the fourth quarter of 2021, bringing the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 10,0 million. According to the Quarterly Employment Statistics (QES, Q4:2021) survey released by Statistics South Africa (Stats SA), formal sector jobs increased read more »
Municipal financial systems have been overhauled. Under the new Municipal Standard Chart of Accounts (mSCOA) framework, municipalities have changed the way in which they do their finances. As a result, Stats SA implemented changes to its Quarterly financial statistics of selected municipalities (QFSSM) survey. What is the QFSSM? Not only does Stats SA publish data read more »
Annual consumer inflation held steady at 5,7% in February, unchanged from 5,7% in January. Rising food and transport prices put upward pressure on the monthly rate, with the consumer price index (CPI) increasing by 0,6% between January and February. This CPI release is the second to be compiled using the recently updated weights and basket read more »
What is poverty and what does it mean to be poor? Does it mean not having enough money to meet basic needs including food, clothing and shelter? Does it mean not being able to afford to buy a car or furniture for your home or even go on holiday because your income does not read more »
Real gross domestic product (GDP) grew by 1,2%1 in the fourth quarter (October–December), taking the annual growth rate for 2021 to 4,9%. The fourth quarter was upbeat, with personal services, trade, manufacturing and agriculture the key drivers of growth. An increase in demand for goods and services drove up the expenditure side of the economy, read more »
Headline inflation dipped to 5,7% in January from 5,9% in December, mainly the result of lower fuel prices. The consumer price index (CPI) increased by 0,2% between December and January, compared with a monthly rate of 0,6% in December. This CPI release is the first to be compiled using the recently updated weights and basket read more »
Jobs in the formal non-agricultural sector increased by 52 000 in the third quarter of 2021, bringing the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 9,62 million. According to the Quarterly Employment Statistics (QES, Q3:2021) survey released by Statistics South Africa (Stats SA), year-on-year, formal sector jobs increased read more »
Net profit before tax in the formal business sector tumbled by 33,4% in the financial year 2020 compared with 2019, with business services and manufacturing the hardest hit. The data, from Stats SA’s latest Annual financial statistics (AFS) survey1 , which mostly covers the period before the lockdown, show that total net profit before tax read more »
Under the twin pressures of tighter COVID-19 lockdown restrictions and a spate of civil disorder in July, as well as several other headwinds, the South African economy contracted in the third quarter of 2021 (July–September). After recording four consecutive quarters of positive growth, real gross domestic product (GDP) slumped by 1,5%1, eroding some of the read more »
For children, the ongoing COVID‑19 pandemic has significantly impacted the life they once knew. According to a recent report, the General Household Survey, 2020 which was released by Statistics South Africa, COVID-19 has had a distinct impact on the nature of child care arrangements for children aged 0–4 years in 2020. The percentage of children read more »