Municipal dependence on national government financing
What makes Stats SA’s Financial census of municipalities report so interesting is that it provides an idea of how financially dependent municipalities are on national government. The latest data show that the share of income that municipalities generate on their own has increased slightly since 2017, but there is more to this finding than meets read more »
The peaks and troughs of municipal income
For many of us who are fortunate enough, things just work. Turn on a tap, and water flows. Flip a switch, and there is light. We often take for granted the extremely complex system that provides us with services every day. Local government is a vital cog in this system. South Africa’s 257 municipalities are 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 »
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 »
GDP rallies as lockdown restrictions ease
South Africa’s economy rebounded in the third quarter of 2020 (July–September), coinciding with the easing of COVID-19 lockdown restrictions. All industries recorded an increase in economic activity compared with the second quarter, with manufacturing, trade and mining leading the charge. Businesses were supported by an increase in both exports and household spending. Gross domestic product read more »
Universities depend more on government for funding
It has been five years since the #FeesMustFall campaign. Stats SA takes a look at where higher education institutions get their money from, and how these revenue streams have shifted since 2015. The #FeesMustFall campaign began in October 2015 when thousands of students took to campuses across the country to protest rising tuition fees. The read more »
Inflation dips to 4,1%
Annual CPI inflation nudged lower to 4,1% in March from February’s reading of 4,6%. There were two key features of the CPI in March: the incorporation of fee data from educational institutions (including crèches) and the effect of the latest increases in excise tariffs. Tuition fees are surveyed once a year in March. On average, read more »
Inflation quickens for a second month in a row
South Africa’s annual inflation rate was 4,5% in January, higher than that recorded in December (4,0%) and November (3,6%). This places inflation right on the 4,5% midpoint of the South African Reserve Bank’s monetary policy target range. The main contributors to the 4,5% rate were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous read more »
Debt owed to municipalities reaches R72,4 billion
We often hear of how much municipalities are in debt. But there is another side of the coin. Municipalities themselves are owed money, often by consumers and institutions. Debt owed to South Africa’s 257 municipalities (referred to as net current debtors1) totalled R72,4 billion in the 2018 financial year, according to the latest Financial census of read more »
Dismal December for retailers
The most important month of the year for retail trade is December, when many consumers are on holiday and go Christmas shopping. But December 2018 was a tough month for retail in South Africa. The volume of sales fell by 1,4% year-on-year, which was the first negative annual growth rate since February 2017. The poor read more »