Browsing: Statistics South Africa

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SA’s economic growth grinds to a halt

Continued political instability that hurt investor confidence and saw South Africa’s economy expand at the slowest rate since 2009 last year could threaten a recovery in 2017, economists said. GDP expanded by 0,3% last

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SA avoids a recession

South Africa’s economy avoided a second recession in seven years as mining and factory output rebounded. GDP rose an annualised 3,3% in the second quarter, compared with a 1,2% contraction the previous three months, the statistics office said in a report released

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Inflation slows for third consecutive month

South African inflation slowed for a third consecutive month in May, giving the Reserve Bank room to continue the pause in its interest-rate increase cycle. The inflation rate fell to 6,1% from 6,2% a month earlier, Statistics South Africa said

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Recession fears as SA’s GDP plunges

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

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Huge spike in unemployment in SA

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

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Inflation shocker for SA

Consumer price inflation has breached the upper limit of the South African Reserve Bank’s target range by accelerating to 6,2% year on year in January 2016. The consensus forecast for headline CPI, which includes the volatile food and

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