South African retail sales fell more than expected in November, despite deeper Black Friday discounts and month-long promotions, pointing to lingering weakness in the economy
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South Africa came out of its longest recession in 28 years as the economy rebounded more than projected in the third quarter.
South Africa’s headline consumer price inflation quickened to 3.3% year on year in October from 3% in September, data from Statistics South Africa showed on Wednesday.
South Africa’s unemployment rate jumped to 30.8% in the third quarter from 23.3% in the second quarter, the government statistics agency said on Thursday.
The number of employed people in South Africa dropped by 2.2 million to 14.1 million in the second quarter, according to a report from Statistics South Africa.
South Africa’s GDP slumped by 51% in the second quarter of 2020 as the result of one of the hardest Covid-19-related government lockdowns anywhere in the world.
Key South African data released this week suggests a record economic contraction in the second quarter as the damage wrought by a nationwide lockdown becomes clear.
Statistics South Africa is set to conduct a trial of the first digital census. The Census 2021 trial will test online and telephonic data collection to prepare for remote data collection in next year’s census.
South Africa’s recession deepened in the first quarter of 2020, with official data on Tuesday showing that GDP contracted 2% from the previous three months.
South Africa’s headline consumer inflation rate slowed to 3% year on year in April, its lowest in nearly 15 years, from 4.1% in March, data from Statistics South Africa showed.