Economic growth better than what many expected
In a time when good news seems hard to come by, the latest gross domestic product (GDP) results provide some cautious cheer. The South African economy grew by 1,3% in 2017, exceeding National Treasury’s expectation of 1,0% growth announced during the National Budget Speech in February. After a wobbly start to 2017, which saw economic read more »
Quarterly Labour Force Survey – QLFS Q4:2017
MEDIA RELEASE 13 February 2018 Quarterly Labour Force Survey – QLFS Q4:2017 The results of the Quarterly Labour Force Survey (QLFS) for the fourth quarter of 2017 released by Statistics South Africa today, indicate a decrease of 351 000 in the labour force in Q4:2017 with employment and unemployment decreasing by 21 000 read more »
GDP in the third quarter of 2017 grew by 2,0%
Press statement Embargo: Tuesday 5 December 2017, 11:30 GDP in the third quarter of 2017 grew by 2,0% Gross domestic product (measured by production) South Africa’s real gross domestic product (GDP) growth rate was 2,0% in the third quarter of 2017. Second quarter GDP growth was revised from 2,5% read more »
Bumper harvest helps keep economy afloat
The South African economy grew by 2,0% in the third quarter of 2017 (seasonally adjusted and annualised), down from a revised 2,8% in the second quarter. Agriculture, mining and manufacturing were the main drivers of the expansion, while there was a contraction in general government services resulting from low employment numbers in the public sector. read more »
African Statistics Day 2017: 4 facts about our economy
“Better lives with better economic statistics.” This is the theme for African Statistics Day 2017, taking place on 18 November. In celebration of this prestigious day, Stats SA explores the archives to find four facts on the South African economy that you might have missed. African Statistics Day was initiated by the United Nations to read more »
Formal business sector debt in 2016
South African businesses are borrowing more money. The amount of debt held by the formal business sector1 was up 5,9% in 2016 compared with 2015. Total debt amounted to R5,7 trillion in 2016. The rise in debt was observed in eight of the nine industries, according to Stats SA’s latest Annual financial statistics (AFS) release2. read more »
The SA business sector: turnover and profit
The formal business sector, excluding agriculture and financial intermediation, generated R2,3 trillion in turnover during the second quarter of 2017, i.e. the months of April, May and June. Who was responsible for generating this amount? Stats SA’s Quarterly Financial Statistics (QFS) report, which provides regular updates on the financial state and makeup of South Africa’s read more »
Quarterly Labour Force Survey – QLFS Q3:2017
The results of the Quarterly Labour Force Survey (QLFS) for the third quarter of 2017 released by Statistics South Africa today, indicate that employment grew by 92 000 in Q3:2017, however this was offset by an additional 33 000 job-seekers during the same period, resulting in a stable unemployment rate of 27,7%. The growth in employment was read more »
Tighter profits in the formal business sector
The formal business sector, excluding agriculture and banking, generated R2,34 trillion in income during the first quarter of 2017, for the months of January, February and March. On average, that’s R300 560 of income generated every second over that 90-day period. You might be thinking that’s quite a hefty amount. You might catch yourself imagining the read more »
GDP in the first quarter of 2017 contracted by 0,7%
Press statement Embargo: Tuesday 6 June 2017, 11:30 GDP in the first quarter of 2017 contracted by 0,7% Gross domestic product (measured by production) South Africa’s gross domestic product (GDP) growth rate was -0,7% in the first quarter of 2017.1 The largest negative contributor to growth in GDP in the first read more »