GDP: Quantifying SA’s economic performance in 2020
Stats SA’s Gross domestic product (GDP) release for the fourth quarter of 2020 (October–December) concludes the series for the year, providing a sobering overview of 2020. Manufacturing and trade help lift growth in the fourth quarter The economy grew by 1,5% in the fourth quarter, giving an annualised1 growth rate of 6,3%. This follows 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 »
Working capital: How do municipalities fare?
How many South African municipalities are in a position to pay back short-term debt? Stats SA’s latest Financial census of municipalities report provides an answer. One way to gauge a business or government institution’s ability to pay back short-term debt is to inspect the working capital ratio. The working capital ratio is a financial indicator. read more »
Protecting South Africa’s elderly
Statistics South Africa (Stats SA) estimates the mid-year population 2020 at 59,62 million in South Africa. Around 51,1% (approximately 30,5 million) of the population is female, while 5,43 million people are aged 60 and over. Demography gives us an awareness of the fact that we live in increasingly aging populations. In South Africa, the growth read more »
Impact of COVID-19 on Economic Statistics in Statistics South Africa
Background The personal, social and economic impact of COVID-19 is unlike anything experienced by the world in the past 75 years. Stats SA is aware of the need for timely data to understand these impacts, but is equally constrained by the restrictions put in place to manage the spread of the coronavirus. The task of read more »
SA’s tourism trade balance edges lower
South Africa enjoys a positive tourism trade balance with the rest of the world. What this means is that non-resident visitors spend more money in our country than South African travellers spend abroad. However, the trade balance surplus has narrowed since 2016. In 2018, non-resident visitors1 (which includes both tourists and same-day visitors) spent a 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 »
A breakdown of the tax pie
Note: The original version of this article was published on 25 June 2019, with the international tax-to-GDP ratio figures based on data from the IMF. After discussions with National Treasury, it was agreed that tax-to-GDP figures from the OECD provide a more relevant picture when South Africa is compared with other countries, as the IMF read more »
Four facts about our provincial economies
Each province is unique. Data published recently by Stats SA provide a portrait of South Africa’s provincial economies. Here are four facts you might not have known about our economic landscape. Fact #1 Gauteng is South Africa’s economic powerhouse Don’t let Gauteng’s size on a map fool you. It might be the province with read more »
Education Series Volume V: Higher Education and Skills in South Africa, 2017
MEDIA RELEASEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 28 March 2019 Education Series Volume V: Higher Education and Skills in South Africa, 2017 There has been an increase in higher education participation rates in South Africa, however, the poor transition of learners from the further training and education (FTE) phase to completion of Grade 12, to writing and passing the read more »