Browsing: Pali Lehohla

Recession fears as SA’s GDP plunges

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South Africa recorded a negative growth rate of -1,2% in the first quarter of 2016, according to the latest figures released by Stats SA on Wednesday. Statistician general Pali Lehohla announced the official GDP in Pretoria

Huge spike in unemployment in SA

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Unemployment increased by 2,2 percentage points to 26,7% in the first quarter of 2016, compared to the fourth quarter of 2015. This is the highest rate since 2008. Employment levels declined in all industries, except community and

Internet revenues on the rise: Stats SA

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Income from Internet services rose by 8,6% between 2010 and 2013, with data bringing in the most money, Statistics South Africa said on Monday. Of the R35,1bn which was raked in for Internet services in 2013, the last year surveyed by Stats South Africa, wireless data revenue came to R19,7bn and fixed data R11bn

GDP contracts by 1,3%

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South Africa’s real GDP contracted by 1,3% in the second quarter of 2015, Statistics South Africa announced on Tuesday. “The economy has performed negatively in second quarter of 2015,” said statistician-general Pali Lehohla. Real GDP increased by 1,2% year-on-year