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 »
Formal business turnover climbs by 5,5%
The South African formal business sector1 generated R2,57 trillion in turnover in the fourth quarter of 2018. This translates to about R323 600 generated every second from October 2018 to December 2018. The R2,57 trillion was 5,5% more than the R2,44 trillion generated in the third quarter (July 2018 to September 2018). This follows a rise of 3,6% in the third quarter and read more »
Unpacking South Africa’s tourism workforce
When Stats SA published data in 2018 showing that one in every 22 working South Africans are employed in the tourism sector, it also provided additional tables showing how the tourism workforce is structured. For the inquiring mind, these lesser-known tables on employment appear in the second half of the latest Tourism Satellite Account for read more »
Media Release                                                                                                                  11 December 2018 QUARTERLY EMPLOYMENT STATISTICS The results of the Quarterly employment survey (QES) for the third quarter of 2018 show a decrease of 16 read more »
Business profit jumps in financial year 2016/17
Some good news in trying times. After two consecutive years of decline, South African businesses recorded a 49% increase in net profit before tax in financial 2017, according to Stats SA’s latest Annual financial statistics (AFS) survey. The mining industry was the largest contributor to this rise. The success of a business generally depends on read more »
Tourism jobs grow despite sluggish economy
With concerns over job losses in major industries, the tourism sector has shown some resilience in the face of a tough economic climate. In 2017, the sector had its most successful year of job creation in recent times. The tourism sector created 31Â 752 net new jobs in 2017.1 This is the most number of net read more »
How much does SA business spend on its employees?
About 14% of total spending, according to recent figures. A quick review of the data shows that this proportion has remained relatively stable over the last decade. In the second quarter of 2009, employment costs contributed 15% of total expenditure in the formal business sector. Although there hasn’t been a major change over time for read more »
Mbalo Brief – October 2018
After recording two consecutive quarters of negative gross domestic product (GDP) growth in the first and second quarter of 2018, South Africa’s economy has slipped into a technical recession. One of the negative contributors to the GDP growth was transport, contributing -4,9 percentage points. However, there is still hope for the industry, especially since October read more »