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Economic wrap-up for October 2024

Economic wrap-up for October 2024

Stats SA published 23 statistical releases in October, many of which provide fresh data on the state of the economy. The latest monthly indicators Nationally, mining activity increased by a marginal 0,3% year-on-year in August. Manganese ore, platinum group metals and chromium ore were the largest drivers of growth. Nickel and copper also recorded a   read more »


Sequencing the DNA of provincial economies

Sequencing the DNA of provincial economies

Each province has its own unique economic profile. The latest set of regional gross domestic product (GDP) figures paint a picture of what drives economic activity in each province. The data also shows what each province brings to the economic table of the country. Which industries drive your provincial economy? Gauteng is the nation’s economic   read more »


Economic wrap-up for September 2024

Economic wrap-up for September 2024

Stats SA published several quarterly and annual reports in September, along with the usual set of monthly indicators. South African economy expands in the second quarter The month began with the release of the latest gross domestic product (GDP) figures, covering the second quarter of the year. The economy saw some growth, mainly lifted by   read more »


Employment rises in SA’s formal non-agricultural sector during Q2:2024

Employment rises in SA’s formal non-agricultural sector during Q2:2024

According to the Quarterly Employment Statistics (QES, Q2:2024) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector increased by 42 000 in the second quarter of 2024, bringing the level of employment to 10,7 million. According to the survey 144 000 jobs were lost between June 2023 and June 2024.   read more »


SA economy grows in the second quarter

SA economy grows in the second quarter

The South African economy strengthened by 0,4%1 in the second quarter (April–June) of 2024. The finance, manufacturing, trade, and electricity, gas & water supply industries drove most of the economy’s momentum on the production (supply) side. On the expenditure (demand) side, household consumption, government consumption and a build-up in inventories contributed favourably to growth. Seven   read more »


Economic wrap-up for August 2024

Economic wrap-up for August 2024

The latest set of economic indicators paint a preliminary picture of economic performance in the second quarter (April–June). The quarter in a nutshell Several sectors enjoyed positive gains in the second quarter of 2024 compared with the first quarter of 2024. These include manufacturing, electricity generation, construction (buildings reported as completed to larger municipalities), wholesale   read more »


Economic wrap-up for July 2024

Economic wrap-up for July 2024

After a busy June, Stats SA’s publication schedule was quieter in July. The agency published 22 releases. Key highlights include an update on inflation and an exploration of South Africa’s biodiversity-based tourism sector. Consumer inflation softens to a six-month low Headline inflation edged lower to 5,1% in June from 5,2% in May. June’s print is   read more »


Consumer inflation slows in June

Consumer inflation slows in June

The annual change in the consumer price index (CPI) was 5,1% in June, down from 5,2% in May. Inflation has remained within the 5% to 6% range for the past 10 months. The monthly rate was 0,1% in June. Annual food inflation the lowest in 45 months After stalling at 4,7% in April and May,   read more »


Economic wrap-up for June 2024

Economic wrap-up for June 2024

June was a bumper month for statistical reports. Stats SA published 40 releases in the month, providing monthly, quarterly and annual economic updates. Here are a few highlights. The South African economy weakens in the first quarter The month began with the release of the latest gross domestic product (GDP) figures. The economy contracted by   read more »


Jobs lost in SA’s formal non-agricultural sector during Q1:2024

Jobs lost in SA’s formal non-agricultural sector during Q1:2024

According to the Quarterly Employment Statistics (QES, Q1:2024) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector decreased by 67 000 in the first quarter of 2024, bringing the level of employment to 10,7 million. The survey showed that 74 000 jobs were lost between March 2023 and March 2024.   read more »


P0044 - Quarterly financial statistics (QFS)

This statistical release contains financial information from a sample of enterprises in the formal non-agricultural business sector. read more »


StatsInBrief - Statistics in Brief

Information in Statistics in Brief is taken from Statistics South Africa (Stats SA) releases and reports.read more »


P0142.1 - Producer Price Index (PPI)

This publication contains results of the monthly Surveys of Prices of Locally Produced Commodities (which are locally sold or exported). These indices for commodities are classified to designated industries of the South African economyread more »


P3041.2 - Manufacturing: Production and sales

This statistical release contains information regarding indices of the physical volume of manufacturing production and the total value of sales of manufactured products, according to manufacturing divisions on a monthly basis.read more »


P3043 - Manufacturing: Utilisation of production capacity by large enterprises

This statistical release contains historical information regarding utilisation of production capacity, total under-utilisation and reasons for under-utilisation according to manufacturing divisions on a quarterly basis.read more »


Buffalo City

Buffalo City Metropolitan Municipality is in the Amathole District of the Eastern Cape Province, on the eastern coast of South Africa.  Consisting of the towns of East London, King William’s Town, Mdantsane, Zwelitsha and Bhisho, the municipality was named after the Buffalo River, which flows through East London.

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Nelson Mandela Bay

Nelson Mandela Bay Municipality is located on the south- eastern coast of Africa in the Eastern Cape.  It is one of eight category A municipalities in South Africa.  In 2001, the Nelson Mandela Bay Metropolitan Municipality was formed as an administrative area covering Port Elizabeth, the neighbouring towns of Uitenhage and Despatch, and the surrounding agricultural areas.  Nelson Mandela Bay is a major seaport and automotive manufacturing centre.

The Coega Industrial Development Zone (IDZ) is situated within the Nelson Mandela Metropolitan Municipality.  The initiative is a multibillion-dollar industrial development complex customized for heavy, medium and light industries.  It is adjacent to a deepwater port, the Port of Ngqura, and covers 110 km² of land.  The city’s unique advantage of possessing two ports, namely Port Elizabeth Harbour and Ngqura, creates an opportunity for the city to establish a strong and vibrant maritime sector.

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Ekurhuleni

Ekurhuleni Metropolitan Municipality occupies 1 975km2of the land area in the province of Gauteng (Wikipedia).  The name Ekurhuleni means ‘place of peace’ in Tsonga (Wikipedia), and the municipality is one of three metropolitan municipalities within Gauteng.  Ekurhuleni is also home to South Africa’s largest airport, OR Tambo International Airport, which is located in the Kempton Park area.

Ekurhuleni is highly urbanised, with 99,4% of the population living in urban settlements ranging from informal settlements to elite urban residential suburbs.  A number of large urbanised townships, such as Katlehong and Tokoza, also occupy the landscape.

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City of Tshwane

The City of Tshwane is the capital of South Africa and is the largest municipality, as measured by land mass. Tshwane is amongst the six largestmetropolitan municipalities in South Africa and the second largest in Gauteng, as measured by Gross Domestic Product (GDP). The Tshwane regioncovers 6 368km² of Gauteng’s 19 055km² and houses approximately 2,9million residents.Tshwane consists of seven regions with 105 wards and 210 councillors.

The City has a vibrant and diverse economy, which enables it to contribute at least 26,8% of the Gauteng Province’s GDP and 9,4% of the GDP of the national economy.  Tshwane is the administrative capital of South Africa and is home to the Union Buildings with government-related business playing an important role in the local economy.  As a result, the city is taking active measures to firmly position itself as Africa's leading capital city of excellence.  The municipality's main economic sectors are community services and government, followed by finance and manufacturing.  Metal products, machinery and household products are the largest sub-sectors within manufacturing.  The City has a well-established manufacturing sector, with the automotive industry representing the most significant component.

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uMshwathi

uMshwathi Municipality is situated within uMgungundlovu District Municipality immediately adjacent to Pietermaritzburg. uMshwathi comprises of four major urban centres (New Hanover, Wartburg, Dalton and Cool Air) as well as the rural residential settlements of Swayimane, Mpolweni, Thokozani and Ozwathini. uMshwathi covers an area of about 1 811 km². Economic development opportunities at uMshwathi include the rehabilitation and development of the towns, middle and high-income housing projects as well as development of a road corridor linking the N2 and N3 by traversing the municipality.The importance of agriculture in uMshwathi cannot be overemphasized. Sugar cane is the predominant agricultural pursuit. Manufacturing activities are mainly related to agricultural processing activities, notably sugar and timber processing activities.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 »