Tag: StatsSA

StatsSA reaches tipping point over budget freeze. Here’s how this could impact investment into the country

In just 2015 alone StatsSA had R160 million stripped from its budget and a freeze on all posts was imposed by government. Both have remained in place since then. By early 2020, the situation has reached crisis point. David Everatt, the Chairperson of the South African Statistics Council says lack of funding results in inaccurate data from Stats SA which could lead the country driving investors and business away.

Manufacturing, mining major contributors to third quarter job losses

Manufacturing and construction industries have been the main sectors to shed most jobs. This has been reported in the third quarter employment numbers released by Statistics SA. These results show a decrease of 16 thousand jobs in formal non-agricultural sector the quarter ended in September. Joining CNBC Africa to unpack the employment survey for the third quarter is Matlapane Masupye, Director Employment Statistics at StatsSA.

South Africa out of recession as GDP grows by 2.2 percent in Q3

In September, South Africa entered a technical recession after the country's GDP decreased by 0.7% in Q2.

What you need to know about the rise of South Africa’s Q2 unemployment rate

JOHANNESBURG (Reuters) - South Africa’s unemployment rate rose to 27.2 percent of the labour force in the second quarter from 26.7 percent in the first quarter, the statistics office said on Tuesday. In...

South Africa's economy grows 0.2 pct in third quarter

Gross domestic product rose 0.7 percent on an unadjusted year-on-year basis in the third quarter.

KPMG: Inflation climbs in September, ends Q3 below SARB expectations

September’s number translated into an average inflation of 6% during 2016 Q3 – lower than the 6.2% recently forecast by the SARB.

S.Africa's June retail sales slow as economy flirts with recession

S.A's economy is on the verge of a second consecutive quarter of contraction after shrinking 1.2 percent in the first quarter.