Private sector turnover rises in the third quarter
Stats SA’s latest Quarterly Financial Statistics report provides detailed financial statistics on the private sector, for the quarter ending September 2015. How did business turnover fare over this period? The following short article covers key turnover statistics from the report. Total turnover Total turnover in the private sector increased by 3,3% in the September 2015 read more »
Electricity, Gas and Water Supply Industry (2013): Increase in income and employment in electricity, gas and water supply industry
Media Release Income The total income for the electricity, gas and water supply industry in 2013 was R181,2 billion. The largest contributor to the total income was ‘generation, transmission and distribution of electricity’ (R150,2 million or 82,8%), followed by ‘collection, purification and distribution of water’ (R22,1 billion or 12,2%) and ‘manufacturing and distribution of gaseous read more »
Turnover and capital investment in the private sector rise
Total turnover in the private sector increased by 1,6% in the quarter ended June 2015 compared with the quarter ended March 2015, according to Stats SA’s latest Quarterly financial statistics report. The electricity, mining, trade, manufacturing and transport sectors reported increases in turnover, while decreases were recorded for construction, community services (excluding government institutions) and read more »
Turnover falls by 5,2% quarter-on-quarter in the private sector
Turnover for private sector enterprises dropped by 5,2% in the first quarter of 2015, the highest quarter-on-quarter percentage decrease since the first quarter of 2010. Total turnover fell from R2,06 trillion in the fourth quarter of 2014 (the quarter ending December) to R1,95 trillion in the first quarter of 2015 (the quarter ending March), according read more »
A rumour wobbles an industry
Misinformation and hearsay have the power to influence an economy. Thousands of civil servants resigned from their posts in 2014 and early 2015 in response to rumours about proposed pension reforms. The economic effect was large enough to be seen in recent gross domestic product (GDP) data released by Stats SA. The government services sector read more »
Formal sector shows marginal growth in employment
Between December 2013 and March 2014, the non-agriculture formal sector of the South African economy experienced a net increase of 9Â 000 employees (+0,1%), from 8Â 498Â 000 to 8Â 507Â 000 individuals. This increase was mainly due to increases in the community, social and personal services industry which gained 50Â 000 employees (+2,1%); the finance industry (+7Â 000 or +0,4%); and read more »
Formal sector employment increases in quarter 4
The Quarterly Employment Survey (QES) results show that number of employees working in businesses increased by 38 thousand – from 8Â 457 000 in the third quarter of 2013 to 8Â 495 000 in the fourth quarter. This was driven by an increase of 35Â 000 in the Trade industry and increases in the Community and social services read more »
Job gains in quarter 4 of 2013 were in the informal sector and temporary in nature.
Based on revised estimates, in quarter 4 of 2013, employment levels rose to 15,2 million – surpassing the peak reached in quarter 4 of 2008 during the pre-recession period. However, quarterly job gains of 141 000 in quarter 4 of 2013 were largely due to an increase in informal sector employment of 123 000. In addition, most read more »
Economy 0,1% weaker in the first quarter
Real gross domestic product (GDP) contracted by a marginal 0,1% in the first quarter (January–March) of 2024.1 This followed a revised 0,3% increase in the fourth quarter of 2023. Weaker manufacturing, mining and construction drove much of the downward momentum on the production (supply) side of the economy, while the expenditure (demand) side witnessed a read more »
Economic wrap-up for May 2024
Stats SA published 24 releases in May, with many providing a preliminary overview of economic performance in the first quarter (January–March). Key industries down in the first three months of the year Mining, manufacturing, electricity, construction, retail trade, motor trade and road transport were weaker in the first quarter of 2024 compared with the fourth read more »