Coega Special Economic Zone Income was R14,3bn in 2021
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 21 April 2023Â 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 read more »
SA formal non-agricultural sector jobs rise in fourth quarter of 2022
According to the Quarterly Employment Statistics (QES, Q4:2022) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector increased by 48 000 in the fourth quarter of 2022, bringing the level of employment to almost 10 million. The survey showed that 94Â 000 jobs were lost between December 2021 and December read more »
GDP declines in the fourth quarter
After rallying in the third quarter of 2022, South African gross domestic product (GDP) declined by 1,3% in the fourth quarter (October‒December).1 Growth was dragged lower mainly by finance, trade, mining, agriculture, manufacturing and general government services. Finance and trade the biggest drags on growth Seven of the ten industries contracted in the fourth quarter. read more »
Third quarter jobs rise in SA formal non-agricultural sector
According to the Quarterly Employment Statistics (QES, Q3:2022) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector increased by 10 000 in the third quarter of 2022, bringing the level of total employment to approximately 10 million. The survey showed that jobs increased by 31Â 000 between September 2021 and read more »
Business turnover and expenditure decline for the first time in a decade
Marked by COVID-19, the 2020–2021 period was incredibly challenging for the South African economy. Data from Stats SA’s latest Annual financial statistics (AFS) survey, which includes the first three months of the hard lockdown, shows a decline in formal business turnover and expenditure. The AFS reference period typically entails a lag effect: the survey reference read more »
South African GDP grows by 1,6%
After contracting by 0,7% in the second quarter of 2022, the economy rallied in the third quarter, expanding by 1,6%.1 The agriculture, finance, transport and manufacturing industries were the main drivers of growth on the supply side of the economy. The demand side of the economy was lifted by a rise in exports and government read more »
Stats Biz – September 2022
We seldom think about the smaller industries that drive economic growth. Outside the heavyweights of finance, personal services and manufacturing, the agriculture industry might seem like a small player, contributing 5% to national economic activity. But don’t let this fool you. Not only does the industry play a vital role in food security, but it read more »
New samples for monthly business cycle indicators
In September 2022, Statistics South Africa (Stats SA) implemented new samples for the following monthly surveys: P3041.2 – Manufacturing: Production and sales; P6141.2 – Wholesale trade sales; P6242.1 – Retail trade sales; P6343.2 – Motor trade sales; P6410 – Tourist accommodation; P6420 – Food and beverages; and P7162 – Land transport. New samples for read more »
SA formal non-agricultural sector employment drops by 1,2% in Q2 of 2022
According to the Quarterly Employment Statistics (QES, Q2:2022) survey released by Statistics South Africa (Stats SA), total employment in the formal non-agricultural sector decreased by 119 000 in the second quarter of 2022, bringing the level of total employment to approximately 9,9 million. The survey showed that jobs increased by 74Â 000 between June 2021 and read more »
South African GDP declines by 0,7%
After two consecutive quarters of positive growth, real gross domestic product (GDP) decreased by 0,7%1 in the second quarter of 2022 (Q2:Â 2022). The devastating floods in KwaZulu-Natal and load shedding contributed to the decline, weakening an already fragile national economy that had just recovered to pre-pandemic levels. Manufacturing the biggest drag on GDP The flooding read more »