GDP in the third quarter of 2016 grew by 0,2%
Press statement                                          Embargo: Tuesday 6 December 2016, 09:30  GDP in the third quarter of 2016 read more »
South African manufacturing production and the rand (an update)
Industry growth rates depend on many factors, and the South African manufacturing industry is no exception. The state of the local and global economy and the rand exchange rate are some of the factors that are watched closely when assessing the performance of manufacturing production. Figure 1 shows the severe impact of the global read more »
AGDP Media statement
Press statement Embargo: Tuesday 06 September 2016, 11:30 GDP in the second quarter of 2016 grew by 3,3% Gross domestic product (measured by production) South Africa’s gross domestic product (GDP) growth rate was 3,3% in the second quarter of 2016.1 The main contributors to the GDP growth rate were the manufacturing industry and read more »
Positive GDP growth in the second quarter of 2016
South Africa’s economy grew by 3,3% quarter-on-quarter (seasonally adjusted and annualised), according to estimates of real gross domestic product (measured by production). This is the fastest quarter-on-quarter rise in economic activity since the fourth quarter of 2014. Year-on-year growth in the second quarter of 2016 was 0,6%. The mining and manufacturing industries contributed over half read more »
The economy slides in the first quarter
A sharp contraction in mining tipped economic growth into negative territory in the first quarter of 2016. South Africa’s economy shrank by 1,2% quarter-on-quarter (seasonally adjusted and annualised), according to the latest gross domestic product (GDP) figures published by Stats SA. Year-on-year growth for the same quarter was -0,2%. The supply side of the economy: read more »
Ocean fish: measuring a valuable resource
Next time you dig into a delicious plate of fish and chips, take a moment to ponder the value of seafood as a natural resource. Stats SA’s latest Environmental Economic Accounts Compendium provides estimates of quantities of fish available in our oceans, as well as data on catch numbers. The oceans that straddle the Southern read more »
South African manufacturing production and the exchange rate
The South African economy was hit hard by the global economic crisis of 2008/2009. The country’s manufacturing industry contracted sharply, and its subsequent recovery has been insufficient for the volume of manufacturing production to return to its pre-crisis level. Figure 1 shows SA’s manufacturing production (volume) compared with OECD industrial production.1 Preliminary manufacturing data for read more »
The importance of coal
Calls to decrease the world’s dependence on coal as an energy source are well intentioned. Lower use would reduce greenhouse gas emissions, and less demand would lower the environmental risk of coal mining. However, as the world moves away from coal, South Africa will need to consider the implications. The country depends heavily on the read more »
How much do South Africans spend on ICT?
South African households spent R91,6 billion on ICT products in 2012, contributing 4,6% of total household expenditure. This is one of the findings from the Information and Communication Technology satellite account for South Africa report, which provides an overview of the economic role of the ICT sector in South Africa, in terms of household expenditure, read more »
Electricity production down in January
Less electricity was generated in South Africa in January 2015 compared with January 2014, according to preliminary results. The volume of electricity produced fell by 1,5%. The volume of electricity available for distribution also decreased, falling by 1,3% year-on-year. Electricity production dropped by 1,5% from 21Â 090 GWh (gigawatt-hours) in January 2014 to 20Â 769 GWh January read more »