Public-sector capital expenditure continues to fall
Public-sector investment in the nation’s infrastructure slowed for a second consecutive year, falling by 8,2% in 2018. This followed a 4,0% decline in 2017. These decreases have seen public-sector capital expenditure slip to a level last seen in 2014. Capital expenditure is money that institutions spend to buy, maintain or upgrade fixed assets such as read more »
Unemployment rises slightly in third quarter of 2019
South Africa’s unemployment rate increased by 0,1 of a percentage point to 29,1% in Q3 of 2019. According to the Quarterly Labour Force Survey (QLFS) released by Statistics South Africa, this is the highest unemployment rate since Stats SA started measuring unemployment using the QLFS in 2008. Between Q2: 2019 and Q3: 2019, the number read more »
Tertiary education’s salary bill
South Africa’s 26 higher education institutions spent R40 billion on compensation of employees in the 2018 financial year. That represents 61% of total spending1, according to the latest Financial statistics of higher education institutions report. This includes line items such as salaries and wages, pension benefits, medical aid, and bonuses. Higher education spending has been in read more »
CPI inflation edges lower in September
South African annual consumer inflation slowed in September, falling to 4,1% from 4,3% recorded in August. The inflation rate has hovered between 4% and 5% since December last year and has been below 4,5% for the past three months. More significantly, it has remained below the South African Reserve Bank’s (SARB) 6% monetary policy ceiling read more »
Housebreaking is the number one crime in SA
There were about 1,3 million incidences of housebreaking affecting 5,8% of households in South Africa. The most likely victims of housebreaking were male-headed households, households in metros, Indian/Asian households followed by white households, very low and very high-income households, and households in Northern Cape, Gauteng and KwaZulu-Natal. Approximately 48% of affected households reported incidences to read more »
More than 1 million births registered in 2018
Just over 1 million births were registered in South Africa in 2018. According to the Recorded live births, 2018 report released by Statistics South Africa, this reflects an increase of 2,0% from 2017 to 2018. A total of 1 009Â 065 births were registered in 2018. This includes the total number of births that occurred and read more »
SA formal sector jobs decline in second quarter of 2019
The June 2019 Quarterly Employment Survey, released by Statistics South Africa, showed that an estimated 10Â 172Â 000 people were employed in the formal non-agricultural sector of the South African economy, which is down by 2Â 000 from the 10Â 174Â 000 recorded in the previous quarter. Full-time employment decreased by 26Â 000 to 9Â 103Â 000, and part-time employment increased by 24Â 000 read more »
Provincial government spending: Education and health
South Africa’s 123 provincial government departments spent just over R17 600 per second in the 2017/18 fiscal year. That represents a total of R557 billion over a period of 365 days. The bulk of the money flowed into provincial governments’ two main areas of responsibility: education and health. Education took up the lion’s share. For every R100 read more »
An update to municipal spending and revenue (June 2019)
South Africa’s 257 municipalities spent a total of R101,3 billion in the second quarter of 2019 (April to June). This is the first time that quarterly municipal spending has breached the R100 billion mark. The R101,3 billion is R15,3 billion more than what was spent in the first quarter (January to March), representing an increase of 18%. This read more »
CPI inflation edges up in August
Annual consumer inflation quickened in August, reaching 4,3% year-on-year from the 4,0% recorded in July. This was associated with higher inflation in food and non-alcoholic beverages, housing, transport and recreation. Annual food inflation reached its highest level in 18 months, registering 3,8% in August. The pickup in food inflation was mainly driven by upward pressure read more »