Economic wrap-up for October 2024

Stats SA published 23 statistical releases in October, many of which provide fresh data on the state of the economy.

University funding: Looking back at #FeesMustFall and COVID-19

South African universities faced a turbulent journey during the #FeesMustFall movement in 2015 and the COVID-19 pandemic in 2020. Both events had a significant impact on higher education funding.

Public-sector capex rises for a second straight year

Infrastructure investment has a long-term impact on the economy, supporting travel, communication, logistics and service provision.

Sequencing the DNA of provincial economies

Each province has its own unique economic profile. The latest set of regional gross domestic product (GDP) figures paint a picture of what drives economic activity in each province. The data also shows what each province brings to the economic table of the country.

Consumer inflation retreats further in September

Annual consumer inflation cooled for a fourth consecutive month, easing to 3,8% in September from 4,4% in August. This is the lowest inflation print since March 2021, when the rate was 3,2%. On average, prices increased by 0,1% between August 2024 and September 2024.

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Important message to service providers: fictitious orders

It has come to the attention of Statistics South Africa (Stats SA) that fictitious orders for goods and services are being issued in the name of Stats SA to prospective service providers.