How large is the small business footprint?
In 2015, Stats SA published an article highlighting the contribution that small businesses make to industry turnover in South Africa.1 The March 2019 Quarterly financial statistics (QFS) report provides an update. The entire formal business sector2 generated R2,39 trillion in turnover in Q1: 2019. Out of this amount, large businesses contributed 62%, followed by small (29%) and read more »
QUARTERLY EMPLOYMENT STATISTICS
Media Release                                                                                                                       25 June 2019                         QUARTERLY EMPLOYMENT STATISTICS The results of the Quarterly employment survey (QES) for the first quarter of 2019 released by Statistics South Africa, show an increase of 22 read more »
Economy stumbles in the first quarter
The South African economy slumped sharply in the first three months of 2019, contracting by 3,2%.1 Seven of the ten industries took a knock, with manufacturing, mining and trade the biggest contributors to the fall. Construction, mining and trade are in recession. The 3,2% decline is the biggest quarterly fall in economic activity since the read more »
SA formal sector jobs increased in the fourth quarter of 2018
The December 2018 QES survey showed that an estimated 10 151 000 people were employed in the formal non-agricultural sector of the South African economy, which is up by 87 000 from 10 064 000 in the previous quarter. The number of people working part-time increased by 37 000 to 1 065 000 in the read more »
Economy edges up by 0,8% in 2018
The South African economy grew by 1,4%1 in the fourth quarter of 2018, contributing to an overall growth rate of 0,8% for the entire year. The latest set of gross domestic product (GDP) figures released by Stats SA provides an overview of economic performance in 2018. South Africa found itself in economic recession in 2018, read more »
Media Release                                                                                                                  11 December 2018 QUARTERLY EMPLOYMENT STATISTICS The results of the Quarterly employment survey (QES) for the third quarter of 2018 show a decrease of 16 read more »
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 employment declines in second quarter of 2018
According to the figures from the Quarterly Employment Statistics (QES) survey, released by Statistics South Africa, the total number of jobs reported in the second quarter showed a decrease of 69Â 000, bringing the total number of persons employed in the formal non-agricultural sector of South Africa to 9Â 748 000. Job losses were reported in the read more »
SA added 56 000 jobs in the first quarter of 2018
The total number of jobs reported in the first quarter showed an increase of 56Â 000 from the previous quarter, bringing the total number of persons employed in the formal non-agricultural sector to 9Â 838Â 000. According to the figures from the Quarterly Employment Statistics (QES) Survey, formal sector jobs rose year-on-year by 74Â 000 in the first quarter read more »
Economy disappoints in Q1 2018, contracting by 2,2%
After growing by 3,1% in the fourth quarter of 2017, the South Africa economy wobbled in the first quarter of 2018, shrinking by 2,2% quarter-on-quarter (seasonally adjusted and annualised). Agriculture, mining and manufacturing were the main contributors to the slowdown, with the electricity, construction and trade industries also recording negative growth. The 2,2% fall is read more »