Stats Biz – November 2022
After contracting by 0,7% in the second quarter of 2022, the economy rallied in the third quarter, expanding by 1,6%. The size of the economy now exceeds pre-pandemic levels. Real gross domestic product (GDP) was R1Â 161Â billion in the third quarter, which is above the previous peak of R1Â 152Â billion recorded in 2018. Explore economic growth, as read more »
South African GDP grows by 1,6%
After contracting by 0,7% in the second quarter of 2022, the economy rallied in the third quarter, expanding by 1,6%.1 The agriculture, finance, transport and manufacturing industries were the main drivers of growth on the supply side of the economy. The demand side of the economy was lifted by a rise in exports and government read more »
Government spending breaches R2 trillion
South African government spending broke the R2Â trillion mark in the 2020/21 financial year. Large increases in expenditure were recorded for social protection, health, and general public services as the country battled the COVID-19 pandemic. At the same time, total revenue declined on the back of lower taxes received. The Financial statistics of consolidated general government read more »
Black Friday and shifts in consumer behaviour
With Black Friday upon us, South African consumers have begun scouting for the latest deals. Monthly retail trade sales data show how Black Friday has shifted shopping behaviour over time. Consumers splurge during the festive season The graphic below shows the distribution of retail trade sales by month, for the year 2019. If all months read more »
Inflation inches higher in October
Consumer price inflation picked up slightly in October, rising to 7,6% from 7,5% in September. The monthly increase in the consumer price index (CPI) was 0,4%, up from 0,1%. Bread & cereals, meat and dairy drive food prices higher The annual rate for food and non-alcoholic beverages edged higher to 12,0% from 11,9% in September. read more »
THE WORLD AT 8 BILLION
The total population of the world is projected to reach 8 billion on the 15th of November 2022. As the world’s population grew, we have marked the birth of the next billionth person as a milestone and reflected on the progress humanity has made over time, as well as how to improve moving forward. Similarly, read more »
Tuition revenue jumps as higher education recovers from COVID-19
The COVID-19 pandemic in 2020‒2021 disrupted the operations of higher education institutions, with notable effects on revenue streams. After declining in 2020, the amount of money collected from tuition fees jumped by 21,6% in 2021. Tuition fees are the second biggest source of revenue cash flows South Africa’s 26 higher education institutions depend on three read more »
The state of the electricity, gas & water supply industry (2021)
National electricity supply has been the cause of intense concern for many years. Stats SA’s latest detailed survey of the industry provides updated data on finances, production and employment. Covering electricity, gas and water supply in the formal economy, the 2021 survey continues on from similar surveys conducted in 2006, 2010, 2013, 2016 and 2019. read more »
The public-sector: Shy on infrastructure investment
Data from 745 institutions provides an update on public-sector investment in infrastructure. A number of institutions pulled back on capital expenditure in 2021, while others increased their spending. Public-sector capital expenditure decreased by R6,1Â billion (-3,0%) between 2020 and 2021, from R204,3Â billion to R198,2Â billion, representing the fifth consecutive year of decline. Capital expenditure represents money spent read more »
Experience of disputes on the rise in SA
According to a new report released by Statistics South Africa (Stats SA), there is a 9,1 percentage point increase in the proportion of individuals that have experienced one or more disputes between 2018/19 and 2021/22 reporting periods. The types of disputes experienced range from poor service from government and business, conflict with neighbours, corruption, read more »