Formal non-agricultural sector jobs rise in the third quarter of 2023
According to the Quarterly Employment Statistics (QES, Q3:2023) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector increased by 31 000 in the third quarter of 2023, bringing the level of employment to almost 10,2 million. The survey showed that 256Â 000 jobs were added between September 2022 and September read more »
GDP weakens in the third quarter
After two consecutive quarters of growth, South African real gross domestic product (GDP) contracted by 0,2% in the third quarter (July–September) of 2023.1 The contributions to the performance of the economy were evenly spread between the industries on the production side of the economy. The contributions ranged from -0,3 of a percentage point to +0,1 read more »
South Africa’s tourism trade balance entered negative territory in 2021
International visitors to South Africa bring much-needed foreign exchange. Dollars, euros and pounds are converted to rands and spent on tourism products like food, accommodation, recreation and transport. This helps drive domestic tourism-related activities within the country. There is often a lot of attention on the amount of money that non-resident visitors, comprising both tourists read more »
SA economy expands in Q2: 2023
South African real gross domestic product (GDP) expanded by 0,6% in the second quarter (April–June) of 2023.1 This follows a 0,4% rise in the first quarter. Overview Six industries on the supply side of the economy grew in the second quarter, with manufacturing and finance driving much of the upward momentum. On the demand side, read more »
Employment drops in Formal Non-Agricultural Sector in Q1 of 2023
According to the Quarterly Employment Statistics (QES, Q1:2023) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector decreased by 21 000 in the first quarter of 2023, bringing the level of employment to almost 10 million. The survey showed that 97Â 000 jobs were lost between March 2022 and March read more »
SA formal non-agricultural sector jobs rise in fourth quarter of 2022
According to the Quarterly Employment Statistics (QES, Q4:2022) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector increased by 48 000 in the fourth quarter of 2022, bringing the level of employment to almost 10 million. The survey showed that 94Â 000 jobs were lost between December 2021 and December read more »
Third quarter jobs rise in SA formal non-agricultural sector
According to the Quarterly Employment Statistics (QES, Q3:2022) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector increased by 10 000 in the third quarter of 2022, bringing the level of total employment to approximately 10 million. The survey showed that jobs increased by 31Â 000 between September 2021 and read more »
South African GDP declines by 0,7%
After two consecutive quarters of positive growth, real gross domestic product (GDP) decreased by 0,7%1 in the second quarter of 2022 (Q2:Â 2022). The devastating floods in KwaZulu-Natal and load shedding contributed to the decline, weakening an already fragile national economy that had just recovered to pre-pandemic levels. Manufacturing the biggest drag on GDP The flooding read more »
Part-time job gains offset full-time job losses in Q4 formal non-agricultural sector
Jobs in the formal non-agricultural sector increased by 62 000 in the fourth quarter of 2021, bringing the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 10,0 million. According to the Quarterly Employment Statistics (QES, Q4:2021) survey released by Statistics South Africa (Stats SA), formal sector jobs increased read more »
The South African economy records a positive fourth quarter
Real gross domestic product (GDP) grew by 1,2%1 in the fourth quarter (October–December), taking the annual growth rate for 2021 to 4,9%. The fourth quarter was upbeat, with personal services, trade, manufacturing and agriculture the key drivers of growth. An increase in demand for goods and services drove up the expenditure side of the economy, read more »