Category Archives: Industry

Seasonal adjustment: what is it, and why is it important?

Seasonal adjustment: what is it, and why is it important?

In April and May 2022 Stats SA is updating its seasonal adjustment models for monthly business cycle indicators, namely mining, manufacturing, electricity, building, wholesale, retail, motor, tourist accommodation, food & beverages, land transport, and civil cases for debt. What is seasonal adjustment, and why is it so important for measuring and analysing the economy? We   read more »


The South African economy records a positive fourth quarter

The South African economy records a positive fourth quarter

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 »


Jobs increase in formal non-agricultural sector in Q3: 2021

Jobs increase in formal non-agricultural sector in Q3: 2021

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 »


Pre-lockdown business profits fall to their lowest level in 14 years

Pre-lockdown business profits fall to their lowest level in 14 years

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 »


Jobs in the SA formal sector up in the 3rd quarter of 2020

Jobs in the SA formal sector up in the 3rd quarter of 2020

According to the Quarterly employment statistics (QES) survey released by Statistics South Africa (Stats SA), jobs in the formal non-agricultural sector increased by 75 000 in the third quarter of 2020. This brings the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 9,6 million. According to the report, formal   read more »


Significant movements into the labour force in the 3rd quarter of 2020

Significant movements into the labour force in the 3rd quarter of 2020

In the 3rd quarter of 2020 there were significant movements in the South African labour market. According to the Quarterly Labour Force Survey (QLFS), a large number of persons moved from the “other not economically active” category to “employed” and “unemployed” status between quarter two and quarter three of 2020. The movement was proportionately more   read more »


SA loses more than 600K formal sector jobs during COVID-19 lockdown

SA loses more than 600K formal sector jobs during COVID-19 lockdown

According to the Quarterly employment statistics (QES) survey released by Statistics South Africa (Stats SA), the formal non-agricultural sector shed 648 000 jobs in the second quarter of 2020. This brings the total number of persons employed in the formal non-agricultural sector in South Africa to 9,5 million. According to the report, formal sector jobs decreased   read more »


Steep slump in GDP as COVID-19 takes its toll on the economy

Steep slump in GDP as COVID-19 takes its toll on the economy

The punch in the gut was severe. Perhaps the second quarter of 2020 will become known as the pandemic quarter. South Africa’s economy suffered a significant contraction during April, May and June, when the country operated under widespread lockdown restrictions in response to COVID-19. Gross domestic product (GDP) fell by just over 16% between the   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 »


Working capital: how do South African businesses fare?

Working capital: how do South African businesses fare?

Stats SA provides a snapshot of working capital across the formal business sector in the latest release of the Annual Financial Statistics (AFS) report. Working capital is a measure of a company’s liquidity and is one of a number of measures that provide insight into a company’s ability to pay off debt. To calculate working   read more »