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Economic wrap-up for June 2024

Economic wrap-up for June 2024

June was a bumper month for statistical reports. Stats SA published 40 releases in the month, providing monthly, quarterly and annual economic updates. Here are a few highlights. The South African economy weakens in the first quarter The month began with the release of the latest gross domestic product (GDP) figures. The economy contracted by   read more »


National government spending breaks the R2 trillion mark

The South African national government spent R2,04 trillion1 in the 2022/23 financial year, representing a rise of 6,1% from R1,92 trillion in 2021/22. Stats SA’s latest set of national government financial data shows how these funds were distributed. Just over half of total expenses in 2022/23 was allocated to grants paid to other levels of government, institutions   read more »


Jobs lost in SA’s formal non-agricultural sector during Q1:2024

Jobs lost in SA’s formal non-agricultural sector during Q1:2024

According to the Quarterly Employment Statistics (QES, Q1:2024) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector decreased by 67 000 in the first quarter of 2024, bringing the level of employment to 10,7 million. The survey showed that 74 000 jobs were lost between March 2023 and March 2024.   read more »


Consumer inflation holds steady in May

Consumer inflation holds steady in May

Annual consumer price inflation was 5,2% in May, unchanged from April. The monthly change in the consumer price index (CPI) was 0,2%. Annual rates for four of the twelve product groups remained steady between April and May, including food & non-alcoholic beverages (NAB). Higher rates were recorded for transport, alcoholic beverages & tobacco and recreation   read more »


Trends in Youth Educational Attainment

Trends in Youth Educational Attainment

June 16 is Youth Day in South Africa, commemorating the sacrifice paid by the youth who participated in the Soweto uprising in 1976. The day is also recognised as the Day of the African Child on the African continent and celebrated every year. The theme for the year is “To educate an African Child Fit   read more »


Economy 0,1% weaker in the first quarter

Economy 0,1% weaker in the first quarter

Real gross domestic product (GDP) contracted by a marginal 0,1% in the first quarter (January–March) of 2024.1 This followed a revised 0,3% increase in the fourth quarter of 2023. Weaker manufacturing, mining and construction drove much of the downward momentum on the production (supply) side of the economy, while the expenditure (demand) side witnessed a   read more »


Economic wrap-up for May 2024

Economic wrap-up for May 2024

Stats SA published 24 releases in May, with many providing a preliminary overview of economic performance in the first quarter (January–March). Key industries down in the first three months of the year Mining, manufacturing, electricity, construction, retail trade, motor trade and road transport were weaker in the first quarter of 2024 compared with the fourth   read more »


The state of South African households in 2023

The state of South African households in 2023

In 2024, South Africa celebrates three decades since the advent of democracy, a pivotal moment in its history. This milestone not only signifies the passage of time but also reflects the enduring journey towards equality, freedom, and justice for all its citizens. Households reflect the ongoing transformation, encompassing a diverse mix of cultural, economic, and   read more »


Consumer inflation slows for a second consecutive month

Consumer inflation slows for a second consecutive month

The consumer price index (CPI) recorded an annual increase of 5,2% in April, down from 5,3% in March and 5,6% in February. Housing & utilities, miscellaneous goods & services, food & non-alcoholic beverages (NAB) and transport were the main drivers behind the headline rate in April. The monthly change in the CPI was 0,3% in   read more »


Unemployment in South Africa: A Youth Perspective

Unemployment in South Africa: A Youth Perspective

South Africa, like many countries globally, grapples with the challenge of youth unemployment. This is supported by statistics indicating a 45,5% unemployment rate among young individuals (aged 15-34 years), in contrast to the national average of 32,9% in the first quarter of 2024. However, when looking at the Labour Market Dynamics in South Africa report   read more »


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Ventersdorp

Ventersdorp Local Municipality is situated in the eastern part of the North West. It is one of the four local municipalities of Dr Kenneth Kaunda District Municipality. It is situated 70 km from Klerksdorp/Matlosana Local Municipality, 130 km from Mafikeng and 140 km from Johannesburg. It is accessed through the N14 which connects it to both Johannesburg and Mafikeng.

The municipality covers an area of 3 764,05 km2 (Census 2011) and it is subdivided into six wards. Most of the villages in Ventersdorp can be regarded as semi-formalized villages where development is based on settlement layout plans (most of the stands were surveyed). Villages are currently managed by CPAs (Community Property Association), except Ga-Mogopa that is managed by a trust. Ownership of stands/plots within the villages is based on commercial ownership (no individual ownership exists).

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Tlokwe City Council

Tlokwe Local Municipality (previously known as Potchefstroom Local Municipality) falls within Dr Kenneth Kaunda District Municipality in the North West province. The seat of the local municipality is Potchefstroom. The most widely accepted theory on the origin of the name Potchefstroom is that the name is composed of three words: Potgieter, chef and stroom. The first syllable is that of Potgieter, the second from the fact that he was a "chef" or a leader of the emigrants, and the third signifying the Mooi River. The complete name "Potgieter" was gradually shortened to "Pot". (http://www.potch.co.za/index.htm).read more »


City of Matlosana

The City of Matlosana municipality  is located in Dr Kenneth Kaunda District in the North West Province. It is one of the four local municipalities in this district. The major towns are Hartbeesfontein, Klerkdorp, Orkney and Stilfontein. (http://www.localgovernment.co.za/south-africa/local-municipality/193/city-of-matlosana-local-municipality).read more »


Maquassi Hills

Maquassi Hills Municipality is one of the local municipalities in the Dr Kenneth Kaunda District in the North West province, and is one of the five local municipalities. The major towns are Leeudoringstad, Makwassie, Witpoort and Wolmaranstad. (http://www.localgovernment.co.za/south-africa/local-municipality/192/maquassi-hills-local-municipality)read more »


Richtersveld

The Richtersveld Local Municipality is located in the Namakwa District in Northern Cape. It is a unique landscape surrounded by a variety of contrasts. In Port Nolloth you’ll find the ocean, from a distance it looks like a glowing body that lies stretched out before you. At AlexanderBay the Orange River spews out its last waters. At Lekkersing and Eksteenfontein there’s neither river nor ocean, but underground water that is a little brackish. Rainfall is no familiar face to this area and water is a scarce commodity. We can genuinely say that the Richtersveld is a Conservation area. Not only is the geographical area unique, but also its people, which is why this area must manage its resources in an optimal manner.

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