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Economic wrap-up for November 2023

Economic wrap-up for November 2023

Stats SA published 25 statistical releases in November. Here is a quick overview of the latest economic indicators. Employment surpasses pre-COVID-19 levels Covering a sample of about 30 000 households across the country, the Quarterly Labour Force Survey reported a rise in employment figures in the South African workforce. The economy created 399 000 jobs in the   read more »


Employment surpasses pre-COVID levels in SA

Employment surpasses pre-COVID levels in SA

Millions of people’s livelihoods, jobs, and health were in jeopardy because of the health crisis caused by COVID-19.  The global economic crisis that emerged was a result of the impact of COVID-19. The impact of the pandemic and the related containment measures led to a severe contraction in economic activity as many people were unable   read more »


Economic wrap-up for September 2023

Economic wrap-up for September 2023

Stats SA published a variety of reports, statistical releases and discussion documents in September. Here is a rundown of key economic indicators. GDP: SA invests in machinery & equipment and households cut back on spending In September, Stats SA released both national and provincial gross domestic product (GDP) figures. On the national front, GDP recorded   read more »


Recent shifts in company income tax

Recent shifts in company income tax

Although the mining industry strengthened company tax collections after the COVID-19 pandemic, its momentum has recently waned. The importance of CIT Company income tax (CIT) was the third largest source of government tax revenue in 2021/22, according to the South African Revenue Service (SARS).1 Personal income tax was the largest contributor (35,5%), followed by value-added   read more »


Jobs in the non-agricultural sector rise in the second quarter of 2023

Jobs in the non-agricultural sector rise in the second quarter of 2023

The formal non-agricultural sector added 39 000 jobs in the second quarter of 2023, reaching almost 10,1 million jobs. According to the latest Quarterly Employment Statistics (QES, Q2:2023) survey released by Stats SA, there was a year-on year net increase of 104 000 jobs. Between March and June 2023, total (full- and part-time) employment rose   read more »


Economic wrap-up for June 2023

Economic wrap-up for June 2023

Stats SA published 26 statistical releases in June, shedding light on the current state of the economy. SA narrowly averts recession The month began with the release of the latest gross domestic product (GDP) figures. After faltering in the fourth quarter of 2022, the South African economy expanded by 0,4% in the first quarter of   read more »


South African economy expands by 0,4%

South African economy expands by 0,4%

After contracting by a revised 1,1% in the fourth quarter of 2022, real gross domestic product (GDP) edged higher in the first quarter of 2023 (January‒March), expanding by an estimated 0,4%.1 The manufacturing and finance industries were the major drivers of growth on the supply side of the economy. The demand side was lifted by   read more »


The South African tourism sector struggled in 2020

The South African tourism sector struggled in 2020

Even though 2020 seems like a lifetime ago, the true extent of the COVID-19 pandemic’s impact is still being pieced together. The recent Tourism Satellite Account (TSA) for South Africa report1 sheds light on how the pandemic affected the tourism sector over the period January 2020 to December 2020, most notably in terms of production,   read more »


GDP declines in the fourth quarter

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 »


Business turnover and expenditure decline for the first time in a decade

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 »


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Mandeni

Mandeni Local Municipality (formerly eNdondakusuka Local Municipality) is an administrative area in the iLembe District of KwaZulu-Natal in South Africa. Manufacturing, elementary work and plant and machine work are the highest non-farming categories of labour. Mandeni includes substantial areas of commercial agriculture, with the bulk of these areas under sugar-cane. Agriculture is the main employment sector in the area. Tourism industry in Mandeni is also observable at the Tugela Mouth area. The history of the area cannot be divorced from the tourism potential. Great battles have been fought by the Zulus against the British in this area through the involvement of King Cetshwayo. The area was one of the most important agricultural areas of the Kingdom of KwaZulu since the reigns of Kings Malandela, Jama, Senzangakhona, Shaka, Dingane and Mpande. During the reigns of Kings Shaka and Dingane, the eNdondakusuka area formed part of the area regarded as Prince Mpande’s sphere of influence. He had his house kwaMfemfeeGcotsheni in Ndulinde, which is where Prince Shingana was born and buried in 1911.read more »


KwaDukuza

KwaDukuza Municipality forms part of the iLembe District Municipality area (DC29), and lies on the east coast of KwaZulu-Natal, between eThekwini Metro in the south and Tugela River mouth in the north. The KwaDukuza municipal area stretches from the Zinkwazi River in the north to the UThongathi River in the South. The name KwaDukuza epitomizes the historical background of the area being the home to King Shaka’s Gravesite and Memorial. The town KwaDukuza is built on the original site of King Shaka‘s Royal settlement called Dukuza. The KwaDukuza museum is situated opposite the site of the King Shaka Memorial and is dedicated to the sugar industry and colonialism, the cultural heritage of the early settlers of the town Stanger.read more »


Musina

Musina in the Limpopo Valley is the northernmost town in South Africa. Situated close to the Beit Bridge border post between South Africa and Zimbabwe, it is the main entry point into the country from countries north of South Africa. The town developed around the copper mining industry in the area. Copper was first discovered in pre-historic times by the Musina people who named it ‘musina’, meaning ‘spoiler’, because they considered it a poor substitute for iron, which is what they were after. The mineral was later re-discovered and mined by 20th century miners. Today iron, coal, magnetite, graphite, asbestos, diamonds and copper are mined here. With fascinating attractions and many game farms in the area, tourism and hunting play an important role in the economy of the town. The recently declared world heritage site of Mapungubwe (meaning ‘Hill of the Jackal’) is one of the richest archaeological sites in the country. Botanical highlights of the region include fine specimens of baobab trees and impala lilies which are both protected species. Agricultural products include citrus, mangoes, tomatoes and dates.read more »


Thabazimbi

Thabazimbi Municipality is located in the south-western part of the Limpopo Province and has Botswana as its international neighbour. It is two hours drive from the City of Tshwane. The municipality has Marakele National Park, which is a subsidiary of the National Parks Board, and in the same standard as the Kruger National Park and Mapungube. The game lodges scattered around the area helps to promote environmental sustainability.read more »


Greater Taung

Greater Taung Local Municipality (NW 394) is situated in the western part of North West in the area of jurisdiction of Dr Ruth S Mompati District Municipality. The municipality is one of the five local municipalities in Dr Ruth S Mompati District Municipality.The municipality covers an area of 5 639 Km2, which accounts for 11,8 % of the total area of Dr Ruth S Mompati District Municipality.The main rural towns/townships in the municipal area are Reivilo, Pudimoe and Taung Central. About 95% of the municipal area is predominantly rural. There are about 106 widely-scattered villages in the municipal area. There are Northern Cape areas that one passes when going from one village to the other within the municipality, namely Pampierstad township and Northern Cape farms. These areas previously formed part of the municipality but were later moved to the Northern Cape during the last demarcation process. The municipality is divided into 26 administration wards and has a total of 52 councillors (both ward and PR councillors). As the municipality is predominantly rural, villages have been divided under the three tribal authorities under three paramount chiefs, namely Mankuroane, Mothibi and Motlhabane. The agricultural sector, both commercial and subsistence, is the major employer and contributor to the municipal economy. The municipal population stands at 177 642 (the largest in the district), with a total of 48 612 households.When compared to the 2001 population statistics, the population size has declined from a total of 182 164 to 177 642 in 2011. The average population density stands at 31,5km2.read more »


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