Category Archives: Economy Data Stories

National government funding allocations: Who are the main beneficiaries?

National government funding allocations: Who are the main beneficiaries?

Where does your tax money go after it has entered the state coffers? Recent data provide an overview of how national government distributes money to other levels of government. Stats SA publishes financial data for the different levels of government (i.e. national, provincial, local, extra-budgetary accounts) and higher education institutions in separate reports throughout the   read more »


Four facts about municipal debt

Four facts about municipal debt

Eskom announced earlier this year that it would roll out power cuts to several defaulting municipalities.1 The inability of particular municipalities to honour debt payments has been a thorn in the flesh of local government administration. The following are a few key facts about municipal debt, from Statistics South Africa’s latest Financial census of municipalities   read more »


SA added 56 000 jobs in the first quarter of 2018

SA added 56 000 jobs in the first quarter of 2018

The total number of jobs reported in the first quarter showed an increase of 56 000 from the previous quarter, bringing the total number of persons employed in the formal non-agricultural sector to 9 838 000. According to the figures from the Quarterly Employment Statistics (QES) Survey, formal sector jobs rose year-on-year by 74 000 in the first quarter   read more »


Economy disappoints in Q1 2018, contracting by 2,2%

Economy disappoints in Q1 2018, contracting by 2,2%

After growing by 3,1% in the fourth quarter of 2017, the South Africa economy wobbled in the first quarter of 2018, shrinking by 2,2% quarter-on-quarter (seasonally adjusted and annualised). Agriculture, mining and manufacturing were the main contributors to the slowdown, with the electricity, construction and trade industries also recording negative growth. The 2,2% fall is   read more »


Five facts about the retail trade industry

Five facts about the retail trade industry

The South African trade industry is made up of five divisions: wholesale, motor, accommodation, food and beverages (i.e. restaurants and catering), and retail. Stats SA takes a look at five facts that you might not have known about the retail trade industry.   Fact 1: South Africans spent R31 900 per second in retail stores in   read more »


If South Africa’s provinces were independent states

If South Africa’s provinces were independent states

Perspective matters. A lot. Recent provincial economic data published by Stats SA take on a fresh light when they’re ranked against other countries. Gauteng is South Africa’s economic powerhouse. The province contributed just over a third to South Africa’s economic output in 2016, according to provincial gross domestic product (GDP) figures.1 In runner-up positions were   read more »


South African economy gains formal jobs in fourth quarter

South African economy gains formal jobs in fourth quarter

Figures from the Quarterly Employment Statistics (QES) survey showed that South Africa’s formal non-agricultural sector added 81 000 jobs in the fourth quarter of 2017, bringing the total number of persons employed in the formal non-agricultural to 9,8 million. The QES also showed formal sector jobs rise by 18 000 in the fourth quarter compared with the   read more »


How important is tourism to the South African economy?

How important is tourism to the South African economy?

At the 2018 International Travel Trade Show in Germany held in March 2018, South African Tourism CEO Sisa Ntshona was quoted as stating that tourism is vitally important to the South African economy, and that the sector should be nurtured for sustained and inclusive growth. Recent data from Stats SA show how important tourism actually   read more »


Economic growth better than what many expected

Economic growth better than what many expected

In a time when good news seems hard to come by, the latest gross domestic product (GDP) results provide some cautious cheer. The South African economy grew by 1,3% in 2017, exceeding National Treasury’s expectation of 1,0% growth announced during the National Budget Speech in February. After a wobbly start to 2017, which saw economic   read more »


Mining: winners and losers of 2017

The 2017 Mining Charter published by government in June has seen its fair share of debate, opening intense discussions on the industry’s future. Outside of this policy debate, Stats SA recently published figures showing how the industry performed in 2016 and 2017. 2016 wasn’t a good year for South African mining. The industry as a   read more »