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Economic wrap-up for September 2023

Economic wrap-up for September 2023

Stats SA published a variety of reports, statistical releases and discussion documents in September. Here is a rundown of key economic indicators. GDP: SA invests in machinery & equipment and households cut back on spending In September, Stats SA released both national and provincial gross domestic product (GDP) figures. On the national front, GDP recorded   read more »


Stats Biz – September 2023

After a two-year hiatus, Stats SA released an experimental set of provincial gross domestic product (GDP) data. Gauteng may be the smallest of the nine provinces in terms of area size, but it has the largest economy. In fact, Gauteng’s economy is larger than the economies of KwaZulu-Natal and Western Cape combined. Explore the latest   read more »


New samples for monthly business cycle indicators

New samples for monthly business cycle indicators

In September 2023, Statistics South Africa (Stats SA) published the results of a number of monthly surveys, which are based on new samples. These are: P3041.2 – Manufacturing: Production and sales; P6141.2 – Wholesale trade sales; P6242.1 – Retail trade sales; P6343.2 – Motor trade sales; P6410 – Tourist accommodation; P6420 – Food and beverages;   read more »


Recent shifts in company income tax

Recent shifts in company income tax

Although the mining industry strengthened company tax collections after the COVID-19 pandemic, its momentum has recently waned. The importance of CIT Company income tax (CIT) was the third largest source of government tax revenue in 2021/22, according to the South African Revenue Service (SARS).1 Personal income tax was the largest contributor (35,5%), followed by value-added   read more »


Jobs in the non-agricultural sector rise in the second quarter of 2023

Jobs in the non-agricultural sector rise in the second quarter of 2023

The formal non-agricultural sector added 39 000 jobs in the second quarter of 2023, reaching almost 10,1 million jobs. According to the latest Quarterly Employment Statistics (QES, Q2:2023) survey released by Stats SA, there was a year-on year net increase of 104 000 jobs. Between March and June 2023, total (full- and part-time) employment rose   read more »


Stats SA releases new provincial GDP figures

Stats SA releases new provincial GDP figures

After a two-year hiatus, Stats SA has released an experimental set of provincial gross domestic product (GDP) data. Provincial-level figures used to be included annually with the GDP release. Following the publication of the 2019 data, the provincial series was temporarily held back as Stats SA embarked on a complete revamp of national accounts. This   read more »


Stats SA set to hand over Census 2022 results on 10 October 2023

The Statistician-General, Risenga Maluleke, will hand over the Census 2022 report to His Excellency, President Cyril Ramaphosa, in Pretoria, and announce the results of the population and housing count to the country. Census 2022 was the fourth population and housing count in post-apartheid South Africa, the first being conducted in 1996, and subsequent censuses being   read more »


Stats SA to Handover Results to President Ramaphosa on 10th October 2023

MEDIA ALERT Embargo: None 20 September 2023 Census 2022 Results Announcement Date Confirmed Stats SA to Handover Results to President Ramaphosa on 10th October 2023 Statistics South Africa (Stats SA) is set to announce the Census 2022 results on the 10th of October 2023. The Statistician-General, Risenga Maluleke, will hand over the Census 2022 report   read more »


Consumer inflation edges higher in August

Consumer inflation edges higher in August

After four consecutive months of decline, annual consumer inflation pushed up in August, rising to 4,8% from 4,7% in July. Inflation for food & non-alcoholic beverages (NAB) continued to cool, taking some of the heat off the headline rate. This was not enough, however, to counteract a rise in fuel prices and increases in municipal   read more »


Mbalo Brief – September 2023

Climate change is one of the leading human and environmental crisis of the 21st century. The rise in temperature increases the likelihood of extreme weather events such as storms, droughts, heat waves and heavy floods. The problem in understanding climate change or global warming is one of the major challenges confronting African people, their governments   read more »


Report-75-01-01 - Post and telecommunications industry

The Statistical Report No. 75-01-01 (2016) Post and telecommunication industry 2016, updates the statistical Report No. 75-01-01 (2013) Post and telecommunication industry 2013. This statistical report contains financial information, employment, details of income from service rendered and ICT usage.read more »


Report-64-11-01 - Accommodation Industry

The Statistical Report No. 64-11-01 (2018) Accommodation industry 2018, updates the statistical Report No. 64-11-01 (2015) Accommodation industry 2015. This statistical report contains financial information, details of income from sales of goods and services rendered, details of purchases, stay units and beds sold, facilities and other guest amenities and ICT usage. read more »


Report-20-01-02 - Mining industry

This statistical report contains financial, employment information and provides details of sales, services and purchases by type of mining and province and communication technology usage results from the 2012 census of the mining industry.read more »


Report-No-03-01-37 - Profiling the socio-economic status and living arrangements of persons with disabilities in South Africa, 2011-2022

Profiling socio-economic status and living arrangements of persons with disabilities in South Africaread more »


03-19-05 - Marginalised Groups Indicator report

The report presents information on key demographic and socio-economic indicators on marginalised groups (women, children, older persons and people with disabilities) primarily using data collected in 2018 from the GHS, QLFS, and VoCS. CS 2016 data are used for disability. The objective of the report is to inform policy, research and debate.read more »


Blue Crane Route

Blue Crane Route Local Municipal area has a number of strategic environment advantages. It contains 97% of natural land covers, is centrally located between three national parks, contains biodiversity of regional and national significance, can boast incredible scenic beauty, and local conditions present a number of opportunities for renewable energy generation on a large scale. However the area faces a number of issues such as higher densities of population primarily concentrated in the three urban centres.

The low agricultural productivity and carrying capacity of much of the land in the municipality, combined with limited access to water for irrigation, has restricted development of the agricultural economy. The remoteness of the urban centres limits growth of business, services and sectors.

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Ikwezi

The Ikwezi Local Municipality is located in the Eastern Cape, one of the nine local municipalities located within the Cacadu District Municipality. Ikwezi includes three main settlements namely Jansenville, Klipplaat and Waterford, and covers an area of 4 449,7km2. It is an area characterized by low population density, high levels of poverty and excessive bulk water constraints, as well as very poor quality water(http://drupa16dev15.econsultant.co.za).

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Makana

The Makana Local Municipality is located in the Eastern Cape province and forms part of the Cacadu District Municipality, which includes the Camdeboo, Blue Crane Route, Ikwezi, Baviaans, Sunday’s River Valley, Ndlambe, Kouga, Kou-Kamma, and Makana local municipalities. The MakanaLocal Municipality is situated almost in the middle of Port Elizabeth (to the east) and East London (to the west) on the N2 highway. (www.ru.ac.za).

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Sundays River Valley

The Sunday River Valley Local Municipality is one the developing local municipalities within the Cacadu District Municipality (western region). It is located in the Eastern Cape, approximately 80km north  east of the Nelson Mandela Bay Municipality.read more »


Mnquma

Mnquma Local Municipality is located in the south eastern part of the Eastern Cape province.  It is a category B municipality falling under the jurisdiction of the Amathole District Municipality and comprises of an amalgamation of the former Butterworth, Ngqamakhwe and Centane Tribal Regional Councils (TRC’s). Mnquma Local Municipality shares borders with three other local municipalities i.e. Mbhashe, Intsika Yethu and Great Kei Municipality. It is approximately 32 995 240 square kilometres and consists of 31 wards. (http://www.mnquma.gov.za/)read more »


Economic Growth

The diverse structure of the South African economy is a critical aspect of its historical and current growth performance.  The manufacturing sector continues to occupy a significant share of the South Africa economy, despite its relative importance declining from 19 percent in 1993 to about 17 percent in 2012 in real terms.

In line with structural changes in many economies, it not surprising to observe that the finance, real estate and business services sector has increase its relative importance of 17 per cent in 1993 to approximately 24 per cent in 2012. These two sectors and a few more are an important part of the South African growth story since the dawn of democracy.

Despite that, less than a decade into the 21st century, many countries, including South Africa, experienced the global economic crisis.This has affected economic growth in South Africa over the last four years, prompting a deceleration in rate of economic growth.

South Africa experienced an average growth rate of approximately 5 per cent in real terms between 2004 and 2007. However, the period 2008 to 2012 only recorded average growth just above 2 per cent; largely a result of the global economic recession.

Of the nine provinces in South Africa, three power houses stand out. Gauteng, Kwazulu-Natal and Western Cape collectively contribute a significant portion to the country’s value added, reported at over 60 percent.

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National Accounts

The diverse structure of the South African economy is a critical aspect of its historical and current growth performance. The manufacturing sector continues to occupy a significant share of the South Africa economy, despite its relative importance declining from 19 percent in 1993 to about 17 percent in 2012 in real terms. In line with structural changes in many economies, it not surprising to observe that the finance, real estate and business services sector has increase its relative importance of 17 per cent in 1993 to approximately 24 per cent in 2012. These two sectors and a few more are an important part of the South African growth story since the dawn of democracy.read more »


Inflation

The Consumer Price Index (CPI) and Producer Price Index (PPI) are the two primary measures of inflation for South Africa. Both indicators are published on a monthly basis.The Consumer Price Index tracks the rate of change in the prices of goods and services purchased by consumers. The headline CPI is used as the inflation target measure which guides the South African Reserve Bank on the setting of interest rates.

The Producer Price Index tracks the rate of change in the prices charged by producers of goods. Stats SA publishes PPIs for different industries with the PPI for final manufactured goods being the headline PPI. Additional PPIs are compiled for Agriculture, forestry and fishing; Mining and quarrying; Electricity and water; Intermediate manufactured goods; Imports and Exports; and Construction.

The PPI is widely used by businesses as a contract escalator and as a general indicator of inflationary pressures in the economy.

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Agricultural Statistics

The history of agricultural statistics in South Africa goes back as far back as the beginning of the 20th century. With the exception of the World Wars and great depression years, an agricultural census was conducted on annual basis in the first half of the 20th century. As agriculture’s contribution to the country’s gross domestic product (GDP) decreased over the years, so did the frequency of conducting agricultural censuses. Post 1994, agricultural censuses have been conducted on a five yearly basis, with annual surveys being conducted in between the census years. Until now, agricultural censuses and surveys have largely concentrated on commercial agriculture leaving out small-scale and subsistence agriculture. In 2009, Statistics South Africa (Stats SA) conducted an audit of agricultural statistics in the country. One of the findings was that the country lacked information on smallholder and subsistence agriculture. The current list of farmers being used to conduct surveys was mainly confined to commercial agriculture. A decision was taken that three questions related to agriculture would be included in the Population Census 2011 (Census 2011) questionnaire. The main objective was to identify all households involved in agriculture in the country, so that a complete frame of all individuals and entities involved in agriculture (both subsistence and commercial) could be generated. This will allow for a comprehensive agricultural census to be conducted.read more »


Poverty

Poverty is a key development challenge in social, economic and political terms; not only in South Africa but throughout the developing world. In post-apartheid South Africa, fighting the legacy of poverty and under-development has always been a central theme of Government. This was cemented in the Reconstruction and Development Plan (RDP) of 1994 and reiterated in the National Development Plan (NDP) published in 2011.

The guiding objectives of the NDP is the elimination of poverty and the reduction in inequality and all the elements of the plan must demonstrate their effect on these two objectives. The Living Conditions Survey (LCS) and the Income and Expenditure Survey (IES) conducted by Stats SA are the two primary contributors toward profiling and monitoring poverty and inequality over time.

These two surveys are fundamental components to the survey programme of any statistical agency. They are the leading tools for the measurement of absolute poverty and inequality and they are an extremely important building block for the Consumer Price Index (CPI) to stay current with the changing spending and consumption patterns of the country.

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