Eskom announced earlier this year that it would roll out power cuts to several defaulting municipalities.1 The inability of particular municipalities to honour debt payments has been a thorn in the flesh of local government administration. The following are a few key facts about municipal debt, from Statistics South Africa’s latest Financial census of municipalities   read more »

The total number of jobs reported in the first quarter showed an increase of 56 000 from the previous quarter, bringing the total number of persons employed in the formal non-agricultural sector to 9 838 000. According to the figures from the Quarterly Employment Statistics (QES) Survey, formal sector jobs rose year-on-year by 74 000 in the first quarter   read more »

Service delivery protests in South Africa have become a widespread occurrence in recent years. Residents take to the streets in protest against poor services received in their communities, hoping that their voices will be heard and their problems fixed. Communities are raising their voices about issues such as access to electricity, housing, water and sanitation,   read more »

The South African Reserve Bank (SARB) will be launching its first commemorative Nelson Mandela banknote series in celebration of the first democratically elected president’s birth centenary. These notes will be issued into circulation by 18 July 2018 and will cover all denominations of R10, R20, R50, R100 and R200. As part of the celebrations, the   read more »

Fuel, meat, beer and wine. These are products that have increased the most in price over the last year. South Africa’s consumer inflation rate jumped to 4,5% in April after reaching a seven-year low of 3,8% in March. Explore the list of products that you are now paying more for, as well as other stories,   read more »

Press statement                         Embargo: Tuesday 5 June 2018, 11:30   GDP in the first quarter of 2018 contracted by 2,2% Gross domestic product (measured by production) South Africa’s gross domestic product (GDP) fell by 2,2% in the first quarter of 2018.1 The manufacturing industry and the mining and quarrying industry were the largest negative contributors to   read more »

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 »

Media Release                                                                                                    04 June 2018   Non-financial census of municipalities, 2017                                                                 The number of consumer units receiving services from municipalities increased between 2016 and 2017. The highest percentage   read more »

The recent royal wedding between Prince Harry and Meghan Markle cast the spotlight on fairy-tale weddings. Images of a young couple who are madly in love and vow to spend the rest of their lives together, filled with expectations of a perfect marriage, are what fairy-tale weddings are made of. The truth is that not   read more »

In April, government reaffirmed its commitment to renewable energy. The Department of Energy signed agreements with 27 independent power producers (IPPs), effectively unlocking R56 billion that will be invested in renewable energy projects across the country, predominantly in rural areas. Jeff Radebe, the Minister of Energy, outlined the importance of moving forward with renewable energy   read more »