Stats SA published 25 statistical releases in October. Here is a quick overview of key economic indicators shaping the South African economy. Consumer inflation rises for a second consecutive month Inflation worries were stoked once again in September. The consumer price index (CPI), which reflects the changes in prices of a representative basket of goods   read more »

After five consecutive years of decline, capital expenditure in the public sector increased by R9,3 billion (4,6%), from R199,8 billion in 2021 to R209,1 billion in 2022. Extra-budgetary accounts and funds, national government, public corporations, provincial government and higher education institutions all recorded increases. However, there was a decline for local government, according to Stats SA’s Capital expenditure   read more »

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 »

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 »

In September 2023, Statistics South Africa (Stats SA) published the results of a number of monthly surveys, which are based on new samples. These are: P3041.2 – Manufacturing: Production and sales; P6141.2 – Wholesale trade sales; P6242.1 – Retail trade sales; P6343.2 – Motor trade sales; P6410 – Tourist accommodation; P6420 – Food and beverages;   read more »

Although the mining industry strengthened company tax collections after the COVID-19 pandemic, its momentum has recently waned. The importance of CIT Company income tax (CIT) was the third largest source of government tax revenue in 2021/22, according to the South African Revenue Service (SARS).1 Personal income tax was the largest contributor (35,5%), followed by value-added   read more »

The formal non-agricultural sector added 39 000 jobs in the second quarter of 2023, reaching almost 10,1 million jobs. According to the latest Quarterly Employment Statistics (QES, Q2:2023) survey released by Stats SA, there was a year-on year net increase of 104 000 jobs. Between March and June 2023, total (full- and part-time) employment rose   read more »

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 »

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 »

Stats SA published 28 statistical releases in the month of August. Here is a monthly rundown of important economic indicators. Consumer and producer inflation continue to cool Inflation figures continue to provide some good news. Remaining on a downward path, consumer headline inflation slowed to its lowest reading in two years. The annual change in   read more »