Press statement                           Embargo: Tuesday 4 September 2018, 11:30   GDP in the second quarter of 2018 contracted by 0,7%   Gross domestic product (measured by production) South Africa’s gross domestic product (GDP) fell by 0,7% in the second quarter of 2018.1 The agriculture,   read more »

The South African economy slipped into recession during the second quarter of 2018, shrinking by 0,7% quarter-on-quarter (seasonally adjusted and annualised). This followed a revised 2,6% contraction in the first quarter of 2018. The widely recognised indicator of recession is two (or more) consecutive quarters of negative growth (real GDP quarter-on-quarter). South Africa experienced its   read more »

Annual food inflation continues to slow despite April’s rise in value added tax (VAT). In fact, some food items are actually cheaper than they were a year ago. The items you are now paying less for are in the oil, bread, fruit and sugar categories, according to the latest Consumer Price Index (CPI) release.1 Bread   read more »

MEDIA RELEASE                                                                                                                                                    31 July 2018   Quarterly Labour Force Survey – QLFS Q2:2018   The official unemployment rate increased by 0,5 of a percentage point to   read more »

Service delivery protests in South Africa have become a widespread occurrence in recent years. Residents take to the streets in protest against poor services received in their communities, hoping that their voices will be heard and their problems fixed. Communities are raising their voices about issues such as access to electricity, housing, water and sanitation,   read more »

Press statement                         Embargo: Tuesday 5 June 2018, 11:30   GDP in the first quarter of 2018 contracted by 2,2% Gross domestic product (measured by production) South Africa’s gross domestic product (GDP) fell by 2,2% in the first quarter of 2018.1 The manufacturing industry and the mining and quarrying industry were the largest negative contributors to   read more »

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 »

MEDIA RELEASE                                                                                                        15 May 2018 Quarterly Labour Force Survey – QLFS Q1:2018 The results of the Quarterly Labour Force Survey (QLFS) for the first quarter of 2018 released by Statistics South Africa today indicate that: The South African working-age population increased by 153 000 or 0,4 per cent   read more »

The South African working-age population increased by 153 000 or 0,4 per cent in the first quarter of 2018 compared to the fourth quarter of 2017. The rise in both employment (up by 206 000) and unemployment (up by 100 000) over the quarter led to the rise in the labour force participation rate now   read more »

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 »