GDP contracts by 0,6% in the third quarter
After rebounding by a revised 3,2%1 in the second quarter of 2019, activity in the South African economy slipped slightly in the third quarter. Mining, manufacturing and transport were the biggest drags on growth in gross domestic product (GDP). Mining was down by 6,1%, driven largely by a fall in the production of platinum group read more »
Working capital: how do South African businesses fare?
Stats SA provides a snapshot of working capital across the formal business sector in the latest release of the Annual Financial Statistics (AFS) report. Working capital is a measure of a company’s liquidity and is one of a number of measures that provide insight into a company’s ability to pay off debt. To calculate working read more »
Quarterly Labour Force Survey (QLFS) – Q3:2019
MEDIA RELEASE Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â read more »
Unemployment rises slightly in third quarter of 2019
South Africa’s unemployment rate increased by 0,1 of a percentage point to 29,1% in Q3 of 2019. According to the Quarterly Labour Force Survey (QLFS) released by Statistics South Africa, this is the highest unemployment rate since Stats SA started measuring unemployment using the QLFS in 2008. Between Q2: 2019 and Q3: 2019, the number read more »
SA formal sector jobs decline in second quarter of 2019
The June 2019 Quarterly Employment Survey, released by Statistics South Africa, showed that an estimated 10Â 172Â 000 people were employed in the formal non-agricultural sector of the South African economy, which is down by 2Â 000 from the 10Â 174Â 000 recorded in the previous quarter. Full-time employment decreased by 26Â 000 to 9Â 103Â 000, and part-time employment increased by 24Â 000 read more »
Economy dodges recession as GDP climbs 3,1%
After shrinking sharply in the first quarter of 2019, the economy rebounded from a low base to record positive growth of 3,1%1 in the second quarter (April−June). Mining, finance, trade and government services were the main drivers of growth. Three industries (construction, agriculture and transport) registered a slump in production. Mining was the strongest performer read more »
Quarterly Labour Force Survey (QLFS) – Q2:2019
MEDIA RELEASE 30 July 2019 Quarterly Labour Force Survey (QLFS) – Q2:2019 The results of the Quarterly Labour Force Survey (QLFS) for the second quarter of 2019 released by Statistics South Africa, 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 read more »
Mbalo Brief – July 2019
South Africa was one of the 19 countries participating in the 14th G20 (Group of 20) Summit which was held from 28 to 29 June 2019 in Osaka, Japan. The participants of the G20 Summit were leaders from 19 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of read more »
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 »
QUARTERLY EMPLOYMENT STATISTICS
Media Release                                                                                                                       25 June 2019                         QUARTERLY EMPLOYMENT STATISTICS The results of the Quarterly employment survey (QES) for the first quarter of 2019 released by Statistics South Africa, show an increase of 22 read more »