Annual consumer inflation slows to an eight-month low
Headline inflation slowed to 2,9% in February from 3,2% in January, the lowest reading since June last year when the rate was 2,2%. This is the third time in the past 12 months that the annual rate has slipped below the bottom end of the South African Reserve Bank’s inflation target range. Inflation was below read more »
Presentations
SESSION 1: Opening African countries lead on natural capital accounting (video) Interview: Dr. Salman Hussain (The Economics of Ecosystems and Biodiversity (TEEB) Coordinator) Interview: Dr. Bram Edens (Senior Statistician, UNSD) Interview: Raul de Luzenberger (Deputy Head of the Delegation, European Union to South Africa) Interview: Mandy Driver : Senior Biodiversity Policy Advisor, SANBI Interview: Joe read more »
All the single ladies, put your hands up!
Single ladies, if you’re wondering why your man hasn’t proposed yet, perhaps he’s waiting to turn 37? According to a report released by Statistics South Africa (Stats SA), Marriages and Divorces, 2019, the median age of bridegrooms increased from 36 years in 2015 to 37 years in 2019. Similarly, the age of brides increased from read more »
Headline GDP growth rate will no longer be annualised
If you work with gross domestic product (GDP) data or have an interest in economic statistics, the following note might be important to you. Stats SA announced in its most recent GDP statistical release1 that it will no longer use the annualised rate as the headline rate of change. There are several measures of economic read more »
GDP: Quantifying SA’s economic performance in 2020
Stats SA’s Gross domestic product (GDP) release for the fourth quarter of 2020 (October–December) concludes the series for the year, providing a sobering overview of 2020. Manufacturing and trade help lift growth in the fourth quarter The economy grew by 1,5% in the fourth quarter, giving an annualised1 growth rate of 6,3%. This follows read more »
10,1 million SA learners walk all the way to their educational institution
The National Household Travel Survey (NHTS), 2020 results shows that ‘walking all the way’ remained the mode of travel that was most used by learners to reach their educational institution in all nine provinces. The survey, released by Statistics South Africa in collaboration with the Department of Transport, reports that about 10,1 million learners walked read more »
Wellbeing of children in SA is vital for a brighter future
The old African proverb, “It takes a village to raise a child”, has often been quoted to emphasise what it takes to raise a successful and well-rounded child into adulthood. Raising a child requires attention to their inner and outer growth at every phase of their lives. However, when measuring the overall wellbeing of children, read more »
More people participate in the South African labour market in the 4th quarter of 2020
According to the Quarterly Labour Force Survey (QLFS), there was an increase of 333 000 in the number of employed persons, an increase of 701 000 in the number of unemployed persons and a decrease of 890 000 in the number of people who are out of the labour force, in the 4th quarter of 2020 compared to read more »
Reweighting and rebasing of the producer price index
19 February 2021 The producer price indices (PPIs) for January 2021 will reflect updates to the basket and weights, and will be rebased to December 2020 = 100. Tracking price changes of locally produced goods, the PPIs cover the following industries: manufacturing; water and electricity; mining and quarrying; and agriculture, forestry and fishing. Industry-level weights read more »
Love it or hate it – the rand turns 60
While many couples will be celebrating Valentine’s Day this Sunday, 14 February, historians may have a different take on the day. 14 February 2021 is the 60th anniversary of the introduction of the rand as South Africa’s currency. Following the adoption of recommendations of the Decimal Coinage Commission in 1958, the British-styled pounds, shillings and read more »