The formal non-agricultural sector sheds 16 000 jobs in September 2018
The Quarterly Employment Survey (QES) for the third quarter of 2018, shows a decrease of 16 000 jobs. Job losses occurred in the manufacturing (-7 000), construction (-5 000), mining (-2 000), trade (-2 000), transport (-1 000), and community services (-1 000) industries. The manufacturing and construction industries accounted for about three-quarters of the decline in employment over the quarter. Whilst read more »
Formal business sector debt in 2016
South African businesses are borrowing more money. The amount of debt held by the formal business sector1 was up 5,9% in 2016 compared with 2015. Total debt amounted to R5,7 trillion in 2016. The rise in debt was observed in eight of the nine industries, according to Stats SA’s latest Annual financial statistics (AFS) release2. read more »
The SA business sector: turnover and profit
The formal business sector, excluding agriculture and financial intermediation, generated R2,3 trillion in turnover during the second quarter of 2017, i.e. the months of April, May and June. Who was responsible for generating this amount? Stats SA’s Quarterly Financial Statistics (QFS) report, which provides regular updates on the financial state and makeup of South Africa’s 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 »
Three facts about the ICT sector
It might be surprising to learn that the ICT sector is larger than the agriculture industry. This is one of the findings from Stats SA’s latest Information and communication technology satellite account for South Africa report. The document covers ICT’s contribution to the gross domestic product (GDP), its role in imports and exports, and its read more »
Employment in the formal non-agricultural business sector increased in the Fourth quarter
Employment increased by 18Â 000 or 0,2% quarter-on-quarter, from 9Â 672 000 in September 2016 to 9 690 000 in December 2016. This was largely due to increases in the following industries: trade (68Â 000 or 3,3%), business services (33 000 or 1,6%) and manufacturing (13Â 000 or 1,1%). The electricity industry remained unchanged. However there were decreases in read more »
Employment in the formal non-agricultural business sector increased in the third quarter
The September 2016 QES survey showed that an estimated 9 282 000 persons were employed in the formal non-agricultural sector of the South African economy. This reflected a net quarterly increase of 93 000 employees (1,0%) between June 2016 and September 2016 following a revised decrease of 96 000 employees (-1,0%) between March 2016 and read more »
Media Invite: Statistician-General to release formal sector employment statistics for the second quarter of 2016
Media Invite 04 October 2016 Statistician-General to release formal sector employment statistics for the second quarter of 2016 The Statistician-General of South Africa, Dr Pali Lehohla, will release the Quarterly Employment Statistics (QES) for the second quarter of 2016. The QES measures changes in employment across all industries in the formal sector of read more »
A quick look at debt in the private sector
Data from Stats SA’s Annual financial statistics (AFS) report shows that the debt-to-equity ratio for the private sector as a whole has dropped since 2005. The debt-to-equity ratio is a measure of how much debt a company or industry has incurred to finance its operations relative to equity. Debt refers to how much an industry read more »
SA economy added 7000 formal sector jobs in quarter 3 of 2015
The September 2015 Quarterly Employment Statistics (QES) survey showed that an estimated 8 951 000 persons were employed in the formal non-agricultural sector of the South African economy. This reflected a quarterly increase of 7 000 employees (+0,1%) between June 2015 and September 2015 and an annual increase of 4 000 employees (0,0%) between September read more »