MEDIA RELEASE                                                                                                         28 January   read more »

Stats SA has shaken up the basket of goods and services used to measure consumer inflation. The products in the basket are updated periodically to better reflect shifts and trends in consumer spending. Product weights are also adjusted. The reshaped basket The facelift includes adding 71 new products, removing 53 products and reorganising 29 products   read more »

South African households collectively spent an estimated R3 trillion between November 2022 and November 2023, with the average annual household consumption expenditure amounting to approximately R143 691 during the survey year. These findings are according to the Income & Expenditure Survey (IES) 2022/2023, published by Statistics South Africa (Stats SA). The survey provides valuable insights   read more »

Consumer inflation increased for a second consecutive month, rising to 3,0% in December from 2,9% in November and 2,8% in October. The monthly rate in December was 0,1%. Food inflation creeps higher Inflation for food & non-alcoholic beverages (NAB) was 2,5%, up from 2,3% in November. The annual rate for bread & cereals remained steady   read more »

Market share can be dominated by (and concentrated in) a few firms or shared more broadly across the economy. Concentration ratios and data on small, medium and large enterprises provide insight into the structure of our industries. Concentration ratios for selected markets The concentration ratio indicates the degree to which market share is distributed across   read more »

According to the Quarterly Employment Statistics (QES, Q3:2024) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector decreased by 133 000 in the third quarter of 2024, bringing the level of employment to 10,6 million. According to the survey 294 000 jobs were lost between September 2023 and September 2024.   read more »

Annual consumer inflation was 2,9% in November, slightly up from 2,8% in October. There was no change in the consumer price index (CPI) between October and November. Food inflation is the lowest in 14 years Annual inflation for food & non-alcoholic beverages (NAB) witnessed another sharp decline in November, slowing to 2,3% from 3,6% in   read more »

In 2024, South Africa marks 30 years of democracy—a milestone that coincides with the 30th anniversary of the International Conference on Population and Development (ICPD) held in Cairo, Egypt, in 1994. This dual commemoration underscores the transformative power of inclusive data to shape equitable futures, the theme of this year’s World Population Day which was   read more »

Real South African gross domestic product (GDP) weakened by 0,3% in the third quarter (July–September) of 2024.1 The agriculture industry was the main drag on growth on the production (supply) side of the economy, with transport, trade and government services also contributing to the slowdown. On the expenditure (demand) side, there was a decline in   read more »

Stats SA published 22 releases in November, many of which provide a preliminary snapshot of economic performance in the third quarter (July–September). An overview of the quarter A number of sectors witnessed a rise in economic activity in the third quarter of 2024 compared with the second quarter of 2024. Mining, manufacturing, electricity generation, construction   read more »