New mid-year estimates reveal ageing population
The latest mid-year population estimates produced by Statistics South Africa (Stats SA) show that South Africa’s population is estimated at 56,5 million people. The estimates indicate that the proportion of elderly (60 years and older) in South Africa is growing, reaching 8,1 % in 2017. According to the estimates, there are 4,6 million people in read more »
Beer more popular than vegetables
Beer more popular than vegetables Nqa, Impilo, Pholo e ntle, gesondheid, Awe, Cheers! Many of us enjoy a pint, but have you ever really thought much about the industry and what you spend on your beer? In celebration of International Beer Day, we take a closer look at how much households spend on beer and read more »
Electricity infrastructure dominates capital spending
Recent data released by Stats SA show that public-sector capital expenditure has risen over the last five years, from a total of R203 billion in 2012 to R284 billion in 2016; an average rise of 8,7% per year. Over R1,2 trillion was spent during this five-year period. Well-maintained infrastructure facilitates trade, improves connectivity, attracts investment, read more »
Tighter profits in the formal business sector
The formal business sector, excluding agriculture and banking, generated R2,34 trillion in income during the first quarter of 2017, for the months of January, February and March. On average, that’s R300 560 of income generated every second over that 90-day period. You might be thinking that’s quite a hefty amount. You might catch yourself imagining the read more »
Mbalo Brief- July 2017
What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead.” These are the words of former South African President Nelson Mandela. Every year on 18 July, people across the globe read more »
Municipalities: Which are most in debt?
The answer might surprise you. Stats SA’s recently released Financial census of municipalities report, for 2016, provides in-depth detail on the financial state of South Africa’s municipalities, including levels of debt. How solvent are South African municipalities? To answer that question, we turn to a financial ratio called the debt ratio. The debt ratio is read more »
SA reports 48 000 job losses in first quarter
With South Africa formally in recession and hoping for some good news, the latest employment figures released by Statistics South Africa (Stats SA) holds no reprieve. According to the March 2017 Quarterly Employment Survey (QES), an estimated 9 644 000 persons were employed in the formal non-agricultural sector of the South African economy. This reflected read more »
Which national government departments pay the highest average salaries?
South Africa’s 47 national government departments spent R137 billion on compensation of employees during the 2015/16 fiscal year. Which departments paid their employees the most in terms of compensation? Stats SA breaks it down for you. According to the data, sourced from the latest Financial statistics of national government report1, 70% of the R137 billion read more »
Mbalo Brief- June 2017
In this month of June, South Africans commemorate the 1976 June 16 uprising when more than 15 000 students in Soweto took to the streets to march against the Bantu education policies. Every year, June 16 is National Youth Day and is declared a public holiday. Although the youth of 1976 fought against unequal education read more »
How do we know if the latest GDP estimate was disappointing?
Stats SA publishes estimates of GDP every quarter. It is one of the most anticipated statistical releases on the calendar as it captures the dynamics of the economy in a single number. The key number is expressed as the seasonally adjusted annualised growth between two consecutive quarters, based on GDP in real terms (i.e. volume)1. read more »