Quarterly Labour Force Survey (QLFS) – Q3:2021
MEDIA RELEASE 30 November 2021 Quarterly Labour Force Survey (QLFS) – Q3:2021 The official unemployment rate was 34,9% in the third quarter of 2021. The results of the Quarterly Labour Force Survey (QLFS) for the third quarter of 2021 show that the number of employed persons decreased by 660 000 in the third quarter of read more »
The South African economy sheds more than half a million jobs in the 3rd quarter of 2021
According to the Quarterly Labour Force Survey (QLFS) for the 3rd quarter of 2021, the number of employed persons declined by 660 000 to 14,3 million compared to the 2nd quarter of 2021. The decline in employment is coupled with a decline in the number of unemployed persons to 7,6 million from 7,8 million, resulting in read more »
A new and improved GDP is here!
Stats SA has finalised a comprehensive overhaul of its national accounts. The latest gross domestic product (GDP) rebasing and benchmarking exercise has resulted in an upward revision in the size of the economy, as well as changes to the composition of the supply and demand sides of economic activity. Remaining relevant is key Any statistical read more »
GDP rises in the first quarter of 2021
The South African economy grew by 1,1% in the first quarter of 2021 (January–March), translating into an annualised growth rate of 4,6%.1 This follows a revised 1,4% (annualised: 5,8%) rise in real gross domestic product (GDP) in the fourth quarter of 2020. The finance, mining and trade industries were the main drivers of output on read more »
Stats Biz – May 2021
Poultry is an important source of income in the commercial agriculture industry. If you consider the sales of live chickens, chicken meat and eggs, the total value of chicken-related sales almost rivals that of the entire field crop sector. Explore chicken sales, as well as other stories, in this edition of Stats Biz. Download Stats read more »
These goods drive South African agriculture
In an interview with Yahoo! News, Spanish-American chef and activist José Andrés said it best: “Food is health. Food is national security. Food is job creation. Food is economic growth.” 1 Agriculture plays a crucial role in food security, supplying the basic products that keep millions of people fed every day. In South Africa, the industry read more »
PGM sales surge due to higher prices
Like all other commodities, South Africa’s production of platinum group metals (PGMs) was volatile in 2020 as miners tried to navigate the uncertainty and economic damage caused by the COVID-19 pandemic. Here is a snapshot of how PGM production, prices and sales fared during the year. Supplies were adversely affected by COVID-19 related mine disruptions read more »
Reweighting and rebasing of the producer price index
19 February 2021 The producer price indices (PPIs) for January 2021 will reflect updates to the basket and weights, and will be rebased to December 2020 = 100. Tracking price changes of locally produced goods, the PPIs cover the following industries: manufacturing; water and electricity; mining and quarrying; and agriculture, forestry and fishing. Industry-level weights read more »
Three facts about small business turnover in South Africa
As government introduces new legislation to further support small, medium and micro-sized enterprises (SMMEs), recently released data from the 2019 Annual Financial Statistics (AFS) survey shows the growing role that small businesses play in the formal business sector. The National Small Enterprise Amendment Bill 2020, gazetted recently, outlines the establishment of an ombud service that read more »
Quarterly Labour Force Survey (QLFS) – Q3:2020
MEDIA RELEASE 12 November 2020 Quarterly Labour Force Survey (QLFS) – Q3:2020 The results of the Quarterly Labour Force Survey (QLFS) for the third quarter of 2020 indicate large movements out of the “other not economically active” category to “employed” and “unemployed” between quarter 2 and quarter 3 2020. The number of employed read more »