Businesses bleed jobs for third consecutive quarter
New figures from the QES showed that South Africa’s formal non-agricultural sector shed 31 000 jobs in the third quarter of 2017. With losses of 41 000 in March 2017 and 31 000 in June 2017, this marks the third straight quarter of job losses across South Africa. The job market has experienced notable pressure in the last 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 »
QUARTERLY EMPLOYMENT STATISTICS
Media Release 28 September 2017 The results of the Quarterly Employment Survey for the second quarter of 2017 released by Statistics South Africa today, show a decline of 34 000 jobs (or -0.4%) to 9 617 000 in the formal non-agricultural sector in the quarter ended in June 2017. This is a gain read more »
More bad news for job-seekers
More bad news looms for job-seekers as the formal non-agricultural sector of the economy reported a decline of 34 000 jobs for the quarter ended June 2017. This is according to the latest Quarterly Employment Statistics (QES) report released by Statistics South Africa. The QES data tracks changes in employment at the establishment level, and thus read more »
Agriculture and finance help lift SA out of recession
After two consecutive quarters of decline, the South African economy spluttered back to life in the second quarter of 2017. Positive contributions to higher economic activity across most industries – in particular agriculture, finance and mining – lifted the gross domestic product (GDP) by 2,5% quarter-on-quarter (seasonally adjusted and annualised). Agriculture continued to show strong read more »