With the income tax return deadline looming, you might be wondering how important your tax contributions have been. A recent report by Stats SA provides an answer. The South African government earned R1,22 trillion in income during the 2014/15 fiscal year, according to Stats SA’s latest Financial statistics of consolidated general government report1. If this   read more »

Media advisory                                                                                                    25 October 2016     Financial statistics of higher education institutions, 2015   The Financial statistics of higher education institutions, 2015 report released by Statistics South Africa today shows that South Africa’s public higher education institutions had a total income of R63,1 billion from operating activities in the financial year ended 31 December   read more »

Armed with a wealth of recent financial data from South Africa’s higher education institutions, Stats SA unpacks the revenue mix for the country’s 20 universities and 6 universities of technology. Higher education institutions depend mostly on government grants and tuitions fees for income, according to data from Stats SA’s latest Financial statistics of higher education   read more »

Total expenditure by municipalities increased by 21,9% (or R15,7 billion) in the June 2016 quarter compared with the March 2016 quarter, rising from R71,7 billion to R87,5 billion. Purchases of electricity by municipalities was one of the biggest contributors to this increase, according to Stats SA’s latest Quarterly financial statistics of municipalities report1.   Acting   read more »

School feeding programmes contribute to the well-being and education of children, according to the United Nations World Food Programme1. Stats SA takes a look at data on hunger in South Africa and explores the reach and cost of South Africa’s National School Nutrition Programme (NSNP). South Africans are less hungry than they were 13 years   read more »

Press statement Embargo: Tuesday 06 September 2016, 11:30   GDP in the second quarter of 2016 grew by 3,3%   Gross domestic product (measured by production) South Africa’s gross domestic product (GDP) growth rate was 3,3% in the second quarter of 2016.1 The main contributors to the GDP growth rate were the manufacturing industry and   read more »

South Africa’s economy grew by 3,3% quarter-on-quarter (seasonally adjusted and annualised), according to estimates of real gross domestic product (measured by production). This is the fastest quarter-on-quarter rise in economic activity since the fourth quarter of 2014. Year-on-year growth in the second quarter of 2016 was 0,6%. The mining and manufacturing industries contributed over half   read more »

You might be surprised to learn that the South African Revenue Service (SARS) is not a national government department. It is in fact an extra-budgetary account (EBA), together with other entities such as the Public Protector and the Gautrain Management Agency. Read further to find out how the financial pie is divided amongst this diverse   read more »

South Africa’s 232 extra-budgetary accounts (EBAs) paid out less money in the form of social benefits in the 2014/15 fiscal year. Social benefits are transfers in cash or in-kind to the public that diminishes exposure to social risks such as unemployment, sickness due to disabilities and injury.   Social benefits paid by EBAs amounted to   read more »

Municipalities continue to invest heavily in service delivery-related infrastructure, according to Stats SA’s latest Capital expenditure by the public sector report. Municipalities increased their total capital expenditure (or capex) from R51,7 billion in 2014 to R59,0 billion in 2015, a rise of 14,3%. The largest component of municipal spending on infrastructure in 2015 was on   read more »