{"id":17190,"date":"2024-04-04T15:54:14","date_gmt":"2024-04-04T13:54:14","guid":{"rendered":"https:\/\/www.statssa.gov.za\/?p=17190"},"modified":"2024-04-04T15:54:14","modified_gmt":"2024-04-04T13:54:14","slug":"economic-wrap-up-for-march-2024","status":"publish","type":"post","link":"https:\/\/www.statssa.gov.za\/?p=17190","title":{"rendered":"Economic wrap-up for March 2024"},"content":{"rendered":"<p>Stats SA had a packed publication schedule in March. The statistical agency published 37 releases in the month, including several annual and quarterly reports.<\/p>\n<p><strong>Notable releases: Tourism, water and municipal services<\/strong><\/p>\n<p>The headwinds from the COVID-19 pandemic hit all industries hard, including the tourism sector. Although tourism is slowly returning to an even keel, it has not yet fully recovered according to the latest <a href=\"https:\/\/www.statssa.gov.za\/?p=17075\"><em>Tourism Satellite Account for South Africa<\/em><\/a> report. Various indicators have improved since 2020, but remain below their 2019 levels. These include tourism\u2019s contribution to gross domestic product (GDP), tourism direct employment, and the amount of money that non-resident visitors spend while in the country. One notable star was domestic tourism expenditure that bounced back sharply in 2022, exceeding its 2019 level.<\/p>\n<p>Four years before the pandemic, parts of the country were struggling with another challenge \u2013 severe drought. The Breede Catchment in Western Cape, an important water source for the City of Cape Town, experienced a notable decline in rainfall in 2016\/2017. Within the catchment, high evaporation ratios were estimated for areas around the town of Worcester. This is according to the <a href=\"https:\/\/www.statssa.gov.za\/?p=17148\"><em>Sub-national Water Resource Accounts, 2015 to 2021<\/em><\/a> discussion document, which outlines modelled estimates of rainfall, evaporation and water flows for three water-catchment areas.<\/p>\n<p>A key challenge for the government is to ensure that water resources are adequately supplied to households, businesses and industries. The latest <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P9115&amp;SCH=73518\"><em>Non-financial census of municipalities<\/em><\/a> report shows that there was a rise in the number of consumer units receiving water services from municipalities between 2018 and 2022. Despite this increase, fewer consumer units receive this service for free.<\/p>\n<p>Many municipalities also provide alternative forms of energy to poorer households in unelectrified areas. The <a href=\"https:\/\/www.statssa.gov.za\/?p=17167\">solar home system<\/a> is an example, with 149\u00a0919 households benefitting in 2022.<\/p>\n<p><strong>Monthly indicators published in March<\/strong><\/p>\n<p>As solar energy becomes more widely used among households and businesses alike, the country\u2019s power grid continues to struggle to meet demand. The <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1866&amp;PPN=P4141&amp;SCH=73493\">volume of electricity generated<\/a> by South Africa in 2023 was the lowest in two decades. More recent data show a 0,1% decline in electricity generation in the three months to January 2024 (Figure\u00a01).<\/p>\n<p><a href=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2024\/04\/EconPic1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-17191\" src=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2024\/04\/EconPic1-300x246.jpg\" alt=\"EconPic1\" width=\"300\" height=\"246\" srcset=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2024\/04\/EconPic1-300x246.jpg 300w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2024\/04\/EconPic1-768x630.jpg 768w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2024\/04\/EconPic1-1024x840.jpg 1024w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2024\/04\/EconPic1-100x82.jpg 100w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2024\/04\/EconPic1.jpg 1378w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Other industries that recorded weaker results in the three months to January include construction (buildings completed as reported by large municipalities); wholesale trade; retail trade; tourist accommodation; restaurants, catering &amp; fast food; and rail freight.<\/p>\n<p>Want to find out what Stats SA has to offer in the coming month? Keep up to date with our publication schedule <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1874\">here<\/a>. For a comprehensive list of products and releases, download our catalogue <a href=\"https:\/\/www.statssa.gov.za\/order_publications\/OrderPublications.pdf\">here<\/a>. For a regular update of indicators and infographics, visit our <a href=\"https:\/\/www.statssa.gov.za\/?page_id=624\">data story feed<\/a> and download the latest edition of the <a href=\"https:\/\/www.statssa.gov.za\/?page_id=6048\">Stats Biz newsletter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stats SA had a packed publication schedule in March. The statistical agency published 37 releases in the month, including several annual and quarterly reports. Notable releases: Tourism, water and municipal services The headwinds from the COVID-19 pandemic hit all industries hard, including the tourism sector. Although tourism is slowly returning to an even keel, it&nbsp; &nbsp;<a href=\"https:\/\/www.statssa.gov.za\/?p=17190\" class=\"btn btn-mini btn-info pull-right\" style=\"margin:10px 30px;\">read more &raquo;<\/a><\/p>\n<div class=\"clear\"><\/div>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17190","post","type-post","status-publish","format-standard","hentry","category-economy-data-stories"],"_links":{"self":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts\/17190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17190"}],"version-history":[{"count":1,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts\/17190\/revisions"}],"predecessor-version":[{"id":17192,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts\/17190\/revisions\/17192"}],"wp:attachment":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}