If South Africa’s provinces were independent states
Perspective matters. A lot. Recent provincial economic data published by Stats SA take on a fresh light when they’re ranked against other countries. Gauteng is South Africa’s economic powerhouse. The province contributed just over a third to South Africa’s economic output in 2016, according to provincial gross domestic product (GDP) figures.1 In runner-up positions were read more »
Stats Biz – March 2018
The tourism sector directly contributed 2,9% to the South African gross domestic product (GDP) in 2016, according to the latest release of Stats SA’s annual Tourism Satellite Account for South Africa report. The sector also employed just under 687 000 individuals, making it a larger employer than mining and utilities. Explore the economic impact of read more »
How important is tourism to the South African economy?
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 »
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 »
Mining: winners and losers of 2017
The 2017 Mining Charter published by government in June has seen its fair share of debate, opening intense discussions on the industry’s future. Outside of this policy debate, Stats SA recently published figures showing how the industry performed in 2016 and 2017. 2016 wasn’t a good year for South African mining. The industry as a 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 »
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 »
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 »
Mbalo Brief- July 2017
What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead.” These are the words of former South African President Nelson Mandela. Every year on 18 July, people across the globe read more »