Browsing: Statistics South Africa

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

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

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

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

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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