Economic Growth
The diverse structure of the South African economy is a critical aspect of its historical and current growth performance. The manufacturing sector continues to occupy a significant share of the South Africa economy, despite its relative importance declining from 19 percent in 1993 to about 17 percent in 2012 in real terms.
In line with structural changes in many economies, it not surprising to observe that the finance, real estate and business services sector has increase its relative importance of 17 per cent in 1993 to approximately 24 per cent in 2012. These two sectors and a few more are an important part of the South African growth story since the dawn of democracy.
Despite that, less than a decade into the 21st century, many countries, including South Africa, experienced the global economic crisis.This has affected economic growth in South Africa over the last four years, prompting a deceleration in rate of economic growth.
South Africa experienced an average growth rate of approximately 5 per cent in real terms between 2004 and 2007. However, the period 2008 to 2012 only recorded average growth just above 2 per cent; largely a result of the global economic recession.
Of the nine provinces in South Africa, three power houses stand out. Gauteng, Kwazulu-Natal and Western Cape collectively contribute a significant portion to the countrys value added, reported at over 60 percent.
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National Accounts
The diverse structure of the South African economy is a critical aspect of its historical and current growth performance. The manufacturing sector continues to occupy a significant share of the South Africa economy, despite its relative importance declining from 19 percent in 1993 to about 17 percent in 2012 in real terms. In line with structural changes in many economies, it not surprising to observe that the finance, real estate and business services sector has increase its relative importance of 17 per cent in 1993 to approximately 24 per cent in 2012. These two sectors and a few more are an important part of the South African growth story since the dawn of democracy.read more »
Inflation
The Consumer Price Index (CPI) and Producer Price Index (PPI) are the two primary measures of inflation for South Africa. Both indicators are published on a monthly basis.The Consumer Price Index tracks the rate of change in the prices of goods and services purchased by consumers. The headline CPI is used as the inflation target measure which guides the South African Reserve Bank on the setting of interest rates.
The Producer Price Index tracks the rate of change in the prices charged by producers of goods. Stats SA publishes PPIs for different industries with the PPI for final manufactured goods being the headline PPI. Additional PPIs are compiled for Agriculture, forestry and fishing; Mining and quarrying; Electricity and water; Intermediate manufactured goods; Imports and Exports; and Construction.
The PPI is widely used by businesses as a contract escalator and as a general indicator of inflationary pressures in the economy.
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Transport
Travel survey Online Updates
The National Household Travel survey (NHTS) provides insight into the travel patterns of South African households, providing information on modes of transport used, such as land, air and water transport, as well as cycling, walking, public and private transport. Also included are statistics on travel times, transport challenges experienced by households, and travel patterns related to work, education and leisure. NHTS surveys were conducted in 2003, 2013 and 2020.
Transport and the need for transport has become an important part of daily life in South Africa. Not only does the movement of goods and services play an important part in the South African economy, but the types of transport available to individuals affects spatial decisions in terms of work, entertainment, education and place of residence.
Stats SA publishes a range of transport-related information in various reports and publications.
Travel survey
The National Household Travel survey (NHTS) provides insight into the travel patterns of South African households, providing information on modes of transport used, such as land, air and water transport, as well as cycling, walking, public and private transport. Also included are statistics on travel times, transport challenges experienced by households, and travel patterns related to work, education and leisure. NHTS surveys were conducted in 2003 and 2013.
Transport and the economy
Stats SAs quarterly Gross domestic product (GDP) release provides information on the size and growth of various industries in the South African economy, including the transport industry.
The same publication also includes figures on overall household expenditure on transport. The monthly Motor trade sales release provides the time series data of trade in motor vehicles and motor accessories.
The Land transport survey, published on a monthly basis, provides data on passenger and freight transportation by land.
The Producer Price Index (PPI) release provides information on the prices of transport equipment leaving the factory gate.
The extent to which prices of fuel, public transport and private transport are changing is covered in the monthly Consumer Price Index (CPI) release.
Employment
Stats SAs Quarterly Labour Force Survey (QLFS) and Quarterly Employment Survey (QES) provide information on the number of individuals employed in various industries, including the transport industry.
Financial indicators
The Quarterly Financial Statistics (QFS) and Annual Financial Statistics (AFS) reports provide a financial overview of various industries, including transport, storage and communication. Data on turnover, income and expenditure, profit or loss and various balance sheet items are also included in the reports.
The transport and storage industry report for 2013 provides more in-depth information on the size, nature and structure of the transport and storage industry. This periodic survey provides details on employment within the industry, trading income, expenditure, profit or loss, inventories, sales and services, and purchases.read more »
South Africa and the Millennium Development Goals (MDGs)
In the year 2000 the South African government, along with other members of the United Nations (UN), committed to a national and global plan of action to reduce poverty and ensure the development of its people. The sixth and final Millennium Development Goals (MDGs) Country Report for 2015 provides an overview of the progress South Africa has made towards achieving the eight MDGs. In addition, it provides an historical account of South Africas development in numbers. The MDGs are:
- To eradicate extreme poverty and hunger
- To promote universal primary education
- To promote gender equality and empower women
- To reduce child mortality
- To improve maternal health
- To combat HIV/AIDS, malaria and other diseases
- To ensure environmental sustainability
- To develop a global partnership for the development.
This report reflects the intense national effort, from a range of institutions, organisations and individuals, to improve the lives of all South Africans; particularly the poor and marginalised. A great many people have contributed to this report through their participation in various consultative fora across the country, often at great expense and sacrifice. What started 15 years ago certainly does not end here, and reporting on development issues will continue through the Sustainable Development Goals (SDGs). It is therefore critical that South Africas unfinished MDG business, as well as emerging developmental issues, be appropriately integrated within the SDGs in a manner that places the spotlight on them, while providing adequate direction and impetus for effective planning, development of appropriate policies and budgets, and the construction of appropriate national monitoring and reporting systems.
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