In 2015, Stats SA published an article highlighting the contribution that small businesses make to industry turnover in South Africa.1 The March 2019 Quarterly financial statistics (QFS) report provides an update. The entire formal business sector2 generated R2,39 trillion in turnover in Q1: 2019. Out of this amount, large businesses contributed 62%, followed by small (29%) and   read more »

Some good news in trying times. After two consecutive years of decline, South African businesses recorded a 49% increase in net profit before tax in financial 2017, according to Stats SA’s latest Annual financial statistics (AFS) survey. The mining industry was the largest contributor to this rise. The success of a business generally depends on   read more »

Media release                                                                                                              read more »

Where does provincial government get its funding from? South Africa’s nine provincial governments form the second tier of government, sandwiched between national government and local government. Among other functions, provincial governments play an important role in the administration of the country’s health and education systems. Provincial government departments sourced R519,4 billion in revenue in 2016/17,   read more »

Eskom announced earlier this year that it would roll out power cuts to several defaulting municipalities.1 The inability of particular municipalities to honour debt payments has been a thorn in the flesh of local government administration. The following are a few key facts about municipal debt, from Statistics South Africa’s latest Financial census of municipalities   read more »

Stats SA recently released a complete overview of total government spending for 2015/16, providing insight into where your tax contributions have gone. Did you know that more money was spent on the police than on primary education, and more on defence than on environmental protection? Have a look at this infographic for more. According to   read more »

  Media Release                                                                                                        22 August 2017 Poverty Trends in South Africa: An examination of absolute poverty between 2006 & 2015 The proportion of the population living in poverty declined from 66,6% (31,6 million persons) in 2006 to 53,2% (27,3 million) in 2011, but increased to   read more »

The recent power blackout in Msunduzi municipality again highlights the importance of electricity supply. Large parts of Pietermaritzburg were plunged into darkness for about a week when saboteurs, suspected to be striking workers, disrupted the city’s power grid2. It might be common knowledge that municipalities are involved in power distribution in South Africa, but many   read more »

Recently released data from Stats SA provide fresh insight into South Africa’s manufacturing industry. In 2014, Stats SA conducted a large sample survey of the industry, covering about 15 000 enterprises. The results of the survey – containing detailed information on income, employment, capital expenditure, salaries and production – were recently published in two reports: Manufacturing   read more »

How well have South African businesses performed? This can be a complicated question that can be tackled with a range of indicators. From the wealth of financial data available from the recently published Quarterly Financial Statistics (QFS), Stats SA takes a look at one such indicator: the profit margin ratio.   A limitation of financial   read more »