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Economic recovery from COVID-19: Not all countries are equal

Economic recovery from COVID-19: Not all countries are equal

The South African economy took almost two years to recover from the worst of the COVID-19 pandemic. How does this compare with other countries? After plummeting in the second quarter of 2020 – when lockdown restrictions were at their most stringent – South African gross domestic product (GDP) clawed itself back to pre-pandemic levels in   read more »


Municipal finances and electricity: 11 years in perspective

Municipal finances and electricity: 11 years in perspective

Rising prices are hitting consumers hard, and the cost of electricity is no different. Municipalities play a significant role in the distribution of electricity in South Africa. Acting mostly as intermediaries, municipalities buy electricity from Eskom and then resell it to businesses, homes and other institutions. Eskom tariffs and purchases and sales of electricity A   read more »


Love it or hate it – the rand turns 60

Love it or hate it – the rand turns 60

While many couples will be celebrating Valentine’s Day this Sunday, 14 February, historians may have a different take on the day. 14 February 2021 is the 60th anniversary of the introduction of the rand as South Africa’s currency. Following the adoption of recommendations of the Decimal Coinage Commission in 1958, the British-styled pounds, shillings and   read more »


Dismal December for retailers

Dismal December for retailers

The most important month of the year for retail trade is December, when many consumers are on holiday and go Christmas shopping. But December 2018 was a tough month for retail in South Africa. The volume of sales fell by 1,4% year-on-year, which was the first negative annual growth rate since February 2017. The poor   read more »


The ups and downs of gross domestic product

The ups and downs of gross domestic product

Economic growth can be reported in a number of different ways. Annual growth, quarter-on-quarter and year-on-year are terms that are commonly used in the context of gross domestic product (GDP). What do these terms mean? In preparation for Stats SA’s next release of GDP data on 6 December, this article explores the different ways in   read more »


South African manufacturing production and the rand (an update)

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 »


P0141 - Consumer Price Index (CPI)

This release contains results of the monthly Survey of Consumer (Retail) Prices. The purpose of the survey is to collect and provide information regarding changes in the overall level of prices of all goods and services bought by the average household. This publication contains the CPI (Inflation) rates. The P0141 contains information on all urban areas and the Additional tables contains information for provinces, Primary urban areas, Secondary urban areas and Rural areas.read more »


P0141.5 - Consumer Price Index (CPI): Weights

This statistical release contains the weights for the historical metropolitan areas in total according to the new weighting structure of the CPI following rebasing. The weights for the various expenditure groups as well as for the pensioners index, core inflation index and the CPIX (CPI, excluding interest rates on mortgage bonds) are presented in this statistical release.read more »


P0141.5 - Consumer Price Index (CPI): Weights

This statistical release contains the weights for the historical metropolitan areas in total according to the new weighting structure of the CPI following rebasing. The weights for the various expenditure groups as well as for the pensioners index, core inflation index and the CPIX (CPI, excluding interest rates on mortgage bonds) are presented in this statistical release.read more »


P0141.2 - Consumer Price Index: Rural areas and total country

This release contains results of the monthly Survey of Consumer (Retail) Prices. The purpose of the survey is to collect and provide information regarding changes in the overall level of prices of all goods and services bought by the average household. This publication contains the CPI (Inflation) rates. As from the January 2007 publication the P0141.1 Consumer Price Index (CPI) - Headline and the P0141.2 Consumer price Index (CPI) - Rural areas and total country are combined into this one publication.read more »


P0141.1 - Consumer Price Index - Headline

This release contains results of the monthly Survey of Consumer (Retail) Prices. The purpose of the survey is to collect and provide information regarding changes in the overall level of prices of all goods and services bought by the average household. This publication contains the CPI (Inflation) rates. As from the January 2007 publication the P0141.1 Consumer Price Index (CPI) - Headline and the P0141.2 Consumer price Index (CPI) - Rural areas and total country are combined into this one publication.read more »


City of Tshwane

The City of Tshwane is the capital of South Africa and is the largest municipality, as measured by land mass. Tshwane is amongst the six largestmetropolitan municipalities in South Africa and the second largest in Gauteng, as measured by Gross Domestic Product (GDP). The Tshwane regioncovers 6 368km² of Gauteng’s 19 055km² and houses approximately 2,9million residents.Tshwane consists of seven regions with 105 wards and 210 councillors.

The City has a vibrant and diverse economy, which enables it to contribute at least 26,8% of the Gauteng Province’s GDP and 9,4% of the GDP of the national economy.  Tshwane is the administrative capital of South Africa and is home to the Union Buildings with government-related business playing an important role in the local economy.  As a result, the city is taking active measures to firmly position itself as Africa's leading capital city of excellence.  The municipality's main economic sectors are community services and government, followed by finance and manufacturing.  Metal products, machinery and household products are the largest sub-sectors within manufacturing.  The City has a well-established manufacturing sector, with the automotive industry representing the most significant component.

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Jozini

Jozini Local Municipality is under Umkhanyakude District Municipality, located in the north eastern part of Kwazulu Natal.  The municipality shares a border with Swaziland to the west and Mozambique to the north.  It  covers 3057 km² of the total  area  of Umkhanyakude  District Municipality.  Jozini was predominatly a rural municipality with 89% of the population residing in rural areas under the jurisdiction of tradional authorities. Main towns *** Census 2011 reveals that Jozini is the most populated municipalty within Umkhanyakude making up (186 502) 29.8% of the Umkhanyakude District. Jozini has a large dam constructed on the Phongola River on the eastern end of a narrow gorge separating the Lebombo  and Ubombo mountains.  The main towns include Ingwavuma, Jozini, uBombo, Bhambanana, Mkuze and Ndumo.read more »


Hlabisa

Hlabisa Municipality is one of the local Municipalities under Umkhanyakude district in the KwaZulu-Natal province.  The municipality was named after the surname, Hlabisa, of two Nkosi's in the area.  The municipality is generally characterised by rural communities predominantly under traditional areas.  91% of land was under traditional authority, 3% commercial farmland and 6% urban.  The major town is Hlabisa, with secondary nodes of Mpembeni, Zibayeni and Ezibayeni.read more »


Mtubatuba

Mtubatuba is one of the five municipalities within Umkhanyakude District Municipality in KwaZulu Natal. Mtubatuba was named after the inkosi Mtubatuba of the Mkhwanazi Clan.  It is situated on the north-east coast of the province, and was home to 175  425 people.  Covering an area of approximately 1970km² Mtubatuba Municipality was one of the most urbanised municipality within the district, with 15% of the municipality falling under urban areas. The two main town areas are Mtubatuba and St Lucia.  The vast majority of the municipality was under traditional authority - almost 80% - indicating a high proportion of people residing in scattered, rural villages under the jurisdiction of traditional authorities.  The Isimangaliso Wetland Park World Heritage Site falls under Matubatuba.read more »


Mthonjaneni

In 1887, when the British government annexed Zululand, they established several magisterial districts. One district was Mthonjaneni, and the centre of the district was what is known today as Melmoth, named after Sir Melmoth Osborn, the first British Chief Native Commissioner for Zululand. Melmoth was essentially a 'gold rush town'.

At the turn of the century, gold was mined at the Melmoth Gold Fields, five kilometers out of town, but this was a short-term venture. Deserted diggings can still be found in some areas.

(Source: www.melmoth.co.za).

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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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