Category Archives: Economy Data Stories

Municipal dependence on national government financing

Municipal dependence on national government financing

What makes Stats SA’s Financial census of municipalities report so interesting is that it provides an idea of how financially dependent municipalities are on national government. The latest data show that the share of income that municipalities generate on their own has increased slightly since 2017, but there is more to this finding than meets   read more »


A breakdown of national government spending in 2019/20

A breakdown of national government spending in 2019/20

With government spending in the spotlight, new data from Stats SA provide an update on the extent and pattern of national government expenditure. The South African national government spent R1,73 trillion in 2019/20, according to the latest Financial statistics of national government report. This is 12% higher than the R1,54 trillion recorded in 2018/19. This   read more »


Jobs in SA formal non-agricultural sector down in the 1st quarter of 2021

Jobs in SA formal non-agricultural sector down in the 1st quarter of 2021

Jobs in the formal non-agricultural sector decreased by 9 000 in the first quarter of 2021, bringing the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 9,64 million. Year-on-year figures from the Quarterly Employment Statistics (QES, Q1:2021) survey, released by Statistics South Africa (Stats SA), show that formal   read more »


GDP rises in the first quarter of 2021

GDP rises in the first quarter of 2021

The South African economy grew by 1,1% in the first quarter of 2021 (January–March), translating into an annualised growth rate of 4,6%.1 This follows a revised 1,4% (annualised: 5,8%) rise in real gross domestic product (GDP) in the fourth quarter of 2020. The finance, mining and trade industries were the main drivers of output on   read more »


Youth still find it difficult to secure jobs in South Africa

Youth still find it difficult to secure jobs in South Africa

This year marks the 45th anniversary of the 16 June 1976 student uprising in Soweto. In 1994, the new democratic government declared 16 June as National Youth Day and June as the Youth Month. With the focus on the youth under the theme: “The Year of Charlotte Mannya Maxeke: Growing youth employment for an inclusive   read more »


Say hello to SA’s National Natural Capital Accounting Strategy

Say hello to SA’s National Natural Capital Accounting Strategy

Many nations measure population and economic growth. Until recently, few have paid attention to the natural environment. This week, South Africa reached another milestone in strengthening its production of environmental statistics. As part of South Africa’s drive to account for its natural resources, Statistics South Africa (Stats SA), in collaboration with the South African National   read more »


These goods drive South African agriculture

These goods drive South African agriculture

In an interview with Yahoo! News, Spanish-American chef and activist José Andrés said it best: “Food is health. Food is national security. Food is job creation. Food is economic growth.” 1 Agriculture plays a crucial role in food security, supplying the basic products that keep millions of people fed every day. In South Africa, the industry   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 »


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 »