Discouragement decreases and unemployment increases in the second quarter of 2019

Discouragement decreases and unemployment increases in the second quarter of 2019

The results of the Quarterly Labour Force Survey (QLFS) for the second quarter of 2019, released by Statistics South Africa (Stats SA), indicate that the official unemployment rate increased by 1,4 percentage points to 29,0% compared to the first quarter of 2019. The number of unemployed persons increased by 455 000 to 6,7 million in Q2:   read more »


SA population reaches 58,8 million

SA population reaches 58,8 million

The estimated population of South Africa stands at 58,78 million, according to the recently released 2019 mid-year population estimates (MYPE). The MYPE report provides population estimates at national and provincial levels, disaggregated by age and sex. World Population Day, which took place on the 11th July, focused on enabling the youth with the necessary skills   read more »


Inflation holds steady in June

Inflation holds steady in June

Annual consumer price inflation was 4,5% in June 2019, unchanged from May 2019. The main contributors to annual inflation were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous goods and services. Housing and utilities make up almost one quarter of the total consumer price index (CPI) in terms of weight (or relative importance).   read more »


World Population Day: How does SA compare?

World Population Day: How does SA compare?

By mid-2018, according to the Mid-year population estimates released by Stats SA, South Africa’s population stood at 57,73 million people, which is less than one per cent (0,75%) of the total world population. According to the UN, the total world population is estimated at 7,7 billion people in 2019 and will exceed 8 billion by   read more »


728 million stories, waiting to be told

728 million stories, waiting to be told

Wherever you go, you transform the landscape. Imagine living the entirety of your life in the map below. Your daily routine might resemble a zig-zagging pattern as you move across the square cells of the grid. Where you choose to live, work, commute, shop, socialise and play – you influence the economic, social and environmental   read more »


How large is the small business footprint?

How large is the small business footprint?

In 2015, Stats SA published an article highlighting the contribution that small businesses make to industry turnover in South Africa.1 The March 2019 Quarterly financial statistics (QFS) report provides an update. The entire formal business sector2 generated R2,39 trillion in turnover in Q1: 2019. Out of this amount, large businesses contributed 62%, followed by small (29%) and   read more »


Debt owed to municipalities reaches R72,4 billion

Debt owed to municipalities reaches R72,4 billion

We often hear of how much municipalities are in debt. But there is another side of the coin. Municipalities themselves are owed money, often by consumers and institutions. Debt owed to South Africa’s 257 municipalities (referred to as net current debtors1) totalled R72,4 billion in the 2018 financial year, according to the latest Financial census of   read more »


A breakdown of the tax pie

A breakdown of the tax pie

Note: The original version of this article was published on 25 June 2019, with the international tax-to-GDP ratio figures based on data from the IMF. After discussions with National Treasury, it was agreed that tax-to-GDP figures from the OECD provide a more relevant picture when South Africa is compared with other countries, as the IMF   read more »


Inflation up slightly in May

Inflation up slightly in May

Annual consumer inflation was 4,5% in May 2019, slightly up from the 4,4% recorded in April 2019. The inflation rate has remained below the 6% monetary policy ceiling since April 2017. During this time inflation has averaged 4,7%. Prices increased by 0,3% on average in May. This was mainly driven by a 3,3% rise in   read more »


Household access to services stabilised

Household access to services stabilised

The General Household Survey (GHS) 2018 released by Statistics South Africa (Stats SA) found that substantial progress has been made in service delivery over the years. While progress has been uneven across the country, a quick glance at service delivery statistics suggests that household access to these services have stabilised over the last few years.   read more »