Metal ores push up mining turnover
The mining industry’s contribution to total turnover in the South African formal business sector has increased over the years. A comprehensive time series, available from the Annual Financial Statistics (AFS) statistical release, provides a breakdown of how the turnover pie has shifted over the years. The survey reference period for the latest AFS (i.e. AFS read more »
Consumer inflation accelerates to 5,9%
Annual consumer inflation increased for a third consecutive month in October, verging on the upper limit of the South African Reserve Bank’s inflation target range. The headline rate was 5,9%, up from 5,4% in September. Consumer prices increased on average by 0,9% between September and October, the highest monthly rise in three months. The following read more »
Employment surpasses pre-COVID levels in SA
Millions of people’s livelihoods, jobs, and health were in jeopardy because of the health crisis caused by COVID-19. Â The global economic crisis that emerged was a result of the impact of COVID-19. The impact of the pandemic and the related containment measures led to a severe contraction in economic activity as many people were unable read more »
Trust in Government, Access to Services, and the Shadow of Corruption
Access to government services is a cornerstone of any well-functioning society. In the realm of governance, the relationship between access to government services, levels of trust in government and public institutions, and individual experiences of corruption significantly impacts the overall well-being of a society. These factors are integral to the effectiveness and legitimacy of a read more »
Inflation rises for a second consecutive month
Consumer price inflation increased to 5,4% in September from 4,8% in August. This brings the rate to the same level as June this year. Fuel prices cast a shadow The fuel index increased for a second consecutive month, rising by 7,6% between August and September. The price of inland 95-octane petrol jumped by R1,71 in read more »
MEDIA RELEASE: Census 2022 Population Count Results 10 October 2023
Background Census 2022 was the fourth census after the advent of democracy, with the other three being conducted in 1996, 2001 and 2011. This was the first-ever digital census in South Africa. Census information was collected via a digital questionnaire, using three modes of collection: Computer-assisted Personal Interview (CAPI), where fieldworkers visited households and conducted read more »
Economic wrap-up for September 2023
Stats SA published a variety of reports, statistical releases and discussion documents in September. Here is a rundown of key economic indicators. GDP: SA invests in machinery & equipment and households cut back on spending In September, Stats SA released both national and provincial gross domestic product (GDP) figures. On the national front, GDP recorded read more »
Stats SA releases new provincial GDP figures
After a two-year hiatus, Stats SA has released an experimental set of provincial gross domestic product (GDP) data. Provincial-level figures used to be included annually with the GDP release. Following the publication of the 2019 data, the provincial series was temporarily held back as Stats SA embarked on a complete revamp of national accounts. This read more »
SA economy expands in Q2: 2023
South African real gross domestic product (GDP) expanded by 0,6% in the second quarter (April–June) of 2023.1 This follows a 0,4% rise in the first quarter. Overview Six industries on the supply side of the economy grew in the second quarter, with manufacturing and finance driving much of the upward momentum. On the demand side, read more »
EBA spending on transport increases in 2021/22
Extra-budgetary accounts and funds (EBAs) involved in the transport sector increased their spending in the 2021/22 fiscal year. However, despite the rise, expenditure is still below pre-pandemic levels. South Africa’s 256 EBAs are public institutions. They form an important arm of general government, responsible for delivering services to the public on behalf of government. Examples read more »