Consumer inflation softens as fuel prices ease
Headline inflation dipped to 5,7% in January from 5,9% in December, mainly the result of lower fuel prices. The consumer price index (CPI) increased by 0,2% between December and January, compared with a monthly rate of 0,6% in December. This CPI release is the first to be compiled using the recently updated weights and basket read more »
Stats SA reopens registration for online and telephonic enumeration
MEDIA STATEMENT Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 11 FEBRUARY 2022 Stats SA reopens registration for online and telephonic enumeration Stats SA today reopened online Census registration and has extended the period during which the web questionnaire can be completed. Household registrations increased significantly in the days preceding the original close of registration which coincided with the first week of read more »
Gin is in and DVD players are ejected as Stats SA updates the inflation basket
Stats SA published changes to the consumer inflation basket, providing insight into how household spending habits have shifted since 2016. It is best practice for national statistical offices to update the basket at least every five years to ensure that it adequately reflects trends in household spending, technology and consumer tastes. The process involves removing read more »
Inflation continues to accelerate amid higher fuel and food prices
Headline consumer inflation ended 2021 at 5,9% in December, up from 5,5% in November. The monthly increase was 0,6%, slightly higher than the 0,5% rise recorded between October and November. Average consumer inflation for 2021 was 4,5%, higher than the averages recorded for 2020 (3,3%) and 2019 (4,1%). The factors driving the rise in the read more »
Women are unequal on the road and in life
Would it surprise you to know that women in South Africa are far less likely to have a driver’s license than men? According to a new gender report, Gender Series Volume VIII: Gender patterns in Transport, 2013–2020, released by Statistics South Africa, only 21,8% of females possessed a driver’s license in 2020 compared to 40,1% read more »
Jobs increase in formal non-agricultural sector in Q3: 2021
Jobs in the formal non-agricultural sector increased by 52Â 000 in the third quarter of 2021, bringing the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 9,62 million. According to the Quarterly Employment Statistics (QES, Q3:2021) survey released by Statistics South Africa (Stats SA), year-on-year, formal sector jobs increased read more »
Consumer inflation the highest since March 2017
Annual consumer inflation accelerated to its highest reading in more than four-and-a-half years in November, driven mostly by rising transport costs. The annual change in the consumer price index (CPI) was 5,5%, up from 5,0% in October and September. This is the biggest annual increase since March 2017 when the rate was 6,1%. The monthly read more »
Pre-lockdown business profits fall to their lowest level in 14 years
Net profit before tax in the formal business sector tumbled by 33,4% in the financial year 2020 compared with 2019, with business services and manufacturing the hardest hit. The data, from Stats SA’s latest Annual financial statistics (AFS) survey1 , which mostly covers the period before the lockdown, show that total net profit before tax read more »
Third wave of COVID and civil disorder pummel economy as GDP falls by 1,5%
Under the twin pressures of tighter COVID-19 lockdown restrictions and a spate of civil disorder in July, as well as several other headwinds, the South African economy contracted in the third quarter of 2021 (July–September). After recording four consecutive quarters of positive growth, real gross domestic product (GDP) slumped by 1,5%1, eroding some of the read more »
Tourism in South Africa: a pre-COVID-19 benchmark
The tourism sector: economic importance, employment and expenditure. These are the three themes covered by a recent report examining the pre-pandemic (2019) status of the South African tourism sector. These data will provide an important benchmark for when comparable COVID-19-era data (2020) become available. The Tourism Satellite Account (TSA) for South Africa report, released annually, read more »