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Inflation slows in September

Inflation slows in September

23/10/2019 - 13:38
Inflation moderated to an annualised 4.1% in September, surprising analysts, and boosting the expectation that SA’s embattled consumers may get another interest rate cut in 2019. read more
Retail sales up 1.1% in August

Retail sales up 1.1% in August

18/10/2019 - 09:28
Measured in real terms, retail sales increased by 1.1% year-on-year in August, following a 2% jump in July, figures released on Wednesday by Statistics South Africa showed. read more
SA economy at risk of third-quarter contraction

SA economy at risk of third-quarter contraction

11/10/2019 - 09:54
Dismal mining and manufacturing figures for August have raised the prospect of a third-quarter economic contraction. read more
Stats SA’s seasonal adjustment models are part of regular rebasing

Stats SA’s seasonal adjustment models are part of regular rebasing

08/10/2019 - 10:53
Every year, SA’s economic activity peaks in the fourth quarter (October-December). On the production (or industry) side of GDP, this pattern is driven mainly by three industries: manufacturing; trade, catering and accommodation; and transport, storage, and communication. read more
Producer inflation decelerates in August

Producer inflation decelerates in August

01/10/2019 - 11:02
Producer inflation continued to slow in August, reaching 4.5% year on year, down from July’s 4.9%, Statistics SA said. read more
Retail sales remain muted with consumers under pressure

Retail sales remain muted with consumers under pressure

20/09/2019 - 14:31
Retail sales for July marginally declined to 2 percent year on year as sales growth continued to reflect a muted demand in South Africa, with consumers’ discretionary income under strain.  read more
Increase in sales reflect stronger second quarter

Increase in sales reflect stronger second quarter

13/06/2019 - 10:41
Data from Statistics South Africa (StatsSA) showed that retail sales in April increased 2.4percent year-on-year - the strongest gain in retail trade in six months, providing further evidence that the economy began the second quarter on a firmer footing following the first quarter’s 3.2percent plunge. read more
Retail sales recover in January after dismal December figures

Retail sales recover in January after dismal December figures

22/03/2019 - 09:23
Retail spending showed signs of recovery in January, growing 1.2% on an annualised basis, slightly faster than analysts had expected. read more
Manufacturing growth far lower than expected

Manufacturing growth far lower than expected

14/03/2019 - 15:46
The manufacturing sector saw tepid growth at the start of 2019. read more
Inflation falls to 4.5% for December

Inflation falls to 4.5% for December

23/01/2019 - 10:04
Annual headline consumer price inflation moderated to 4.5% for December, according to Statistics South Africa.  read more
Farm and factory gate inflation slows slightly

Farm and factory gate inflation slows slightly

14/12/2018 - 09:00
Falling fruit and vegetable prices helped slow producer inflation in November. read more
Global unemployment at lowest level in almost 40 years

Global unemployment at lowest level in almost 40 years

10/12/2018 - 09:32
While global unemployment has fallen to its lowest level in almost 40 years, SA is among four countries with an unemployment rate higher than that immediately preceding the 2007/08 global financial crisis. read more
Green shoots for SA's manufacturing sector

Green shoots for SA's manufacturing sector

04/12/2018 - 10:04
As manufacturing looks set to boost GDP in the third quarter, a survey has showed that factory owners are more upbeat about the sector. read more
Inflation accelerates in October, as expected

Inflation accelerates in October, as expected

21/11/2018 - 11:01
Inflation accelerated slightly to 5.1% in October from 4.9% in September, matching the economists’ consensus.  read more
Retail sector shows a glimmer of growth

Retail sector shows a glimmer of growth

17/10/2018 - 13:32
Retailers surprised economists in August, with annual sales growth of 2.5% — far higher than the consensus 0.3%. read more
SA’s factories returning to health

SA’s factories returning to health

11/10/2018 - 14:19
South African manufacturing output grew 1.3% in August from the same month in 2017, a slowdown from July’s 2.8% but beating the economists’ consensus of 0.6%. read more
Producer inflation accelerates in August

Producer inflation accelerates in August

28/09/2018 - 09:37
Factory and farm gate inflation, as measured by the annual change in the producer price index (PPI), accelerated to 6.3% in August from 6.1% in July. read more
Low business confidence bodes ill for SA

Low business confidence bodes ill for SA

18/09/2018 - 14:33
SA’s battered economy will come under further strain as business confidence reached its lowest level in a year. read more
Retail trade sales up by 1.3% as appliances, clothing show growth - Stats SA

Retail trade sales up by 1.3% as appliances, clothing show growth - Stats SA

12/09/2018 - 16:25
Retail trade sales for July grew by 1.3% year-on-year in real terms - with appliances and clothing indicating significant growth, Stats SA. read more
Consumer inflation rises slightly faster than expected, led by fuel

Consumer inflation rises slightly faster than expected, led by fuel

23/08/2018 - 09:42
Inflation accelerated to a 10-month high of 5.1% in July from 4.6% in June, coming in slightly higher than economists anticipated. read more
June’s retail growth just a third of that expected, raising recession risk

June’s retail growth just a third of that expected, raising recession risk

16/08/2018 - 09:26
June’s retail sales growth was only a third of what economists expected, raising the risk that SA entered a technical recession in the second quarter.  read more
Wholesaler sales lift in May after two months of contraction

Wholesaler sales lift in May after two months of contraction

23/07/2018 - 13:49
Wholesalers sold R168.5bn worth of goods in May, double the R84.7bn sold by retailers, Statistics SA says. read more
Inflation is contained and an interest rate rise is unlikely, say analysts

Inflation is contained and an interest rate rise is unlikely, say analysts

19/07/2018 - 10:13
The Reserve Bank could take a more hawkish stance, though, as a weakening currency puts upward pressure on inflation. read more
How to simplify your mobile checkout

How to simplify your mobile checkout

09/07/2018 - 13:59
Statistics show that as screen sizes decrease so do mobile checkout rates. In fact, only about 15% of mobile checkouts result in sales. Why is this? Could it be that global ecommerce has yet to successfully optimise for mobile checkout?  read more
Factory inflation rises in May from April’s figure

Factory inflation rises in May from April’s figure

28/06/2018 - 14:53
Producer inflation accelerated slightly to 4.6% in May from 4.4% in April, Statistics SA reported. By contrast, consumer inflation slowed to 4.4% in May from 4.5% in April. read more
Surprise dip in inflation offers relief to consumers

Surprise dip in inflation offers relief to consumers

22/06/2018 - 08:49
Inflation is hitting the rich hardest, Stats SA's figures show.  read more
Higher taxes take a toll as retail index slumps to a three-month low

Higher taxes take a toll as retail index slumps to a three-month low

21/06/2018 - 08:53
The JSE’s general retail index, which includes the likes of Woolworths and Mr Price, has posted its worst rolling three-month period since the end of 2013, as depressed consumer confidence and a brewing US-China trade war ruin projections of a significant uptick in consumer spending. read more
Agri SA pleased with slowing inflation

Agri SA pleased with slowing inflation

20/06/2018 - 15:01
Consumer Price Index (CPI) data released by Stats SA shows that annual consumer inflation slowed from 4,5% in April 2018 to 4,4% in May 2018. Month-on-month, the consumer price index increased by 0,2% in May 2018. read more
Wholesale trade drops as fuel levies and VAT increase take effect

Wholesale trade drops as fuel levies and VAT increase take effect

15/06/2018 - 10:22
April’s wholesale trade declined 2.6% from the same month in 2017, Statistics SA reported. read more
Enabling Generation Z to drive entrepreneurship in South Africa

Enabling Generation Z to drive entrepreneurship in South Africa

13/06/2018 - 09:53
According to the latest research by Statistics South Africa, youth unemployment in the country stands at a disappointing 52,4% for the first quarter of 2018. This number could, however, be minimised if the public and private sector join forces to build a supportive entrepreneurial ecosystem for the younger generation, which statistics show are more open-minded to entrepreneurship as a career choice than generations before them.  read more
SA economy shrinks in Q1 of 2018

SA economy shrinks in Q1 of 2018

07/06/2018 - 14:27
South Africa's economy shrunk by 2.2% in the first quarter of 2018 after expanding by 3.1% in the final quarter of last year, Statistics South Africa said, knocking more than half a percent off the rand.  read more
Shock fall in factory output delivers second blow to growth outlook

Shock fall in factory output delivers second blow to growth outlook

17/05/2018 - 09:14
The unexpected contraction follows a much steeper than expected decline in mining production. read more
SA retail industry generates R1 trillion in sales

SA retail industry generates R1 trillion in sales

15/05/2018 - 10:43
Following the recent release of its latest retail trade sales publication, Statistics South Africa has compiled a new fact sheet focusing on the biggest aspects of the retail industry. read more
Retail sales growth increases 4.9% in February, says Stats SA

Retail sales growth increases 4.9% in February, says Stats SA

19/04/2018 - 10:55
Retail sales growth increased 4.9% in February from the same month in 2017, Statistics SA reported.  read more
‘Leaner and fitter’ Pick n Pay reaps rewards of cost-cutting programme

‘Leaner and fitter’ Pick n Pay reaps rewards of cost-cutting programme

19/04/2018 - 09:08
CEO Richard Brasher says the retailer has kept its average selling price inflation in check and well below Statistics SA’s official figure. read more
High red meat prices fuelled by inflation, says Stats SA

High red meat prices fuelled by inflation, says Stats SA

17/04/2018 - 15:16
Red meat prices in South Africa have increased at the highest rate of all food products year-on-year, despite a marked slowdown in food inflation, according to a statement by Statistics SA. read more
PPI moderates slightly in January

PPI moderates slightly in January

01/03/2018 - 10:25
Farm and factory gate inflation, as measured by the annual change in the producer price index (PPI), decelerated slightly to 5.1% in January from 5.2% in December. read more
Helping SA’s SMEs gear up for the summer season

Helping SA’s SMEs gear up for the summer season

17/11/2017 - 13:33
South Africa’s economy is not faring well. The country’s GDP declined 0.3% in the fourth quarter of 2016 and 0.7% in the first quarter of 2017. Second-quarter data for 2017 shows year-on-year GDP growth was 1.1%, and for the six months growth has remained at 1.1%.  read more
Retail sales grow more than expected in June

Retail sales grow more than expected in June

18/08/2017 - 14:56
June’s retail sales grew 2.9% from the same month in 2016, taking its growth for the second quarter to 2.2%, Statistics SA reported on Wednesday. read more
Retail sales provide a positive surprise

Retail sales provide a positive surprise

21/07/2017 - 12:03
SA’s retail sector not only confounded economists who had expected a contraction in May, but growth accelerated from April, despite the economy being in recession. read more
Producer inflation set to continue dropping

Producer inflation set to continue dropping

24/04/2017 - 08:56
Private-sector credit extension figures are expected to reflect the poor state of the consumer read more
Food and beverages inflation falls to lowest level in 14 months

Food and beverages inflation falls to lowest level in 14 months

20/04/2017 - 09:07
Annual food and beverages inflation fell to 8.7% year-on-year in March, but the good news may be short-lived as downgrades threaten agribusiness read more
Building blocks of CPI tap into our evolving lifestyles

Building blocks of CPI tap into our evolving lifestyles

17/02/2017 - 09:35
The January inflation figure is based on a new updated product basket and weights. Patrick Kelly explores what this means. read more
South African retail industry gears up for the holiday season

South African retail industry gears up for the holiday season

09/11/2016 - 09:46
Data released by Statistics South Africa in mid-September shows that the pace of retail sales growth eased in July, rising just 0.8% year-on-year (y-o-y). The July growth rate was well down on the 1.4% posted the previous month, though retail sales rose overall 2% y-o-y in the three months through to the end of July. read more
Retail sales grow 0.2% year on year in August

Retail sales grow 0.2% year on year in August

20/10/2016 - 10:32
Retail sales growth slowed further in August, deepening the disappointing slowdown reported for July. read more
Shock as GDP shrinks 1.2%

Shock as GDP shrinks 1.2%

09/06/2016 - 12:06
SA’s worse than expected economic growth performance in the first quarter of 2016 presages a bleak year ahead. read more
All eyes on GDP and ratings agency Fitch

All eyes on GDP and ratings agency Fitch

08/06/2016 - 11:00
Cape Town - Economists expect a negative GDP reading for the first quarter of 2016, while ratings agency Fitch should follow Moody’s and Standard Poor's decision to not downgrade SA to junk status. read more
How rising food costs affect your shopping bill

How rising food costs affect your shopping bill

21/04/2016 - 12:48
Consumer Price Inflation (CPI) decelerated from 7% year-on-year (y/y) in February to 6.3% in March, Statistics South Africa announced on Wednesday, while food costs in March were nearly 10% higher than in March 2015. read more
Producer inflation accelerates at highest pace in more than a year

Producer inflation accelerates at highest pace in more than a year

06/04/2016 - 10:02
Producer inflation accelerated to its highest level in more than a year to 8.1% in February compared with a year ago, from 7.6% year on year in January, Statistics SA data showed on Thursday. read more
Wider consumer price inflation coming - economist

Wider consumer price inflation coming - economist

14/03/2016 - 10:10
Cape Town - A sharp move higher in average purchasing price and selling price inflation indicators in the latest Business Confidence Index (BCI) of the Bureau of Economic Research (BER) suggests a wider increase in consumer price inflation in upcoming months, MMI economist Sanisha Packirisamy warned on Sunday (13 March). read more
Business confidence: No reason for optimism

Business confidence: No reason for optimism

11/03/2016 - 09:35
Cape Town - About two thirds of the 1 750 respondents surveyed in the RMB/BER Business Confidence Index (BCI) remained unsatisfied with business conditions early in the year. read more
Food may become “unaffordable”

Food may become “unaffordable”

03/03/2016 - 10:17
Johannesburg - South Africa's agriculture sector, which has been ravaged by the worst drought in recent times, has seen its input to gross domestic product (GDP) shrink by 14 percent. read more
Three more interest rate hikes coming in 2016: analyst

Three more interest rate hikes coming in 2016: analyst

03/03/2016 - 08:57
South Africa’s challenges are now, more than ever, homegrown, Jason Muscat, FNB senior industry analyst at FNB, said in reaction to the latest gross domestic product (GDP) data released on Tuesday (1 March). read more
Retail sales quicken slightly

Retail sales quicken slightly

18/02/2016 - 14:31
Johannesburg - Retail sales growth quickened slightly year-on-year in December to 4.1 percent, from 3.8 percent in November. read more
Food inflation in shock rise to 8.7%

Food inflation in shock rise to 8.7%

04/02/2016 - 10:07
Johannesburg - Food prices in South Africa rose by an average of 8.7 percent between December 2014 and December 2015, and neighbouring Lesotho yesterday declared a national emergency as the drought continued to hit farming communities across the southern African region. read more
Clothing and textile industry shakes off cobwebs

Clothing and textile industry shakes off cobwebs

21/12/2015 - 11:12
The Southern African Clothing and Textile Workers’ Union (Sactwu) says the clothing, textile, footwear, and leather manufacturing industry is entering a period of greater stability and higher levels of growth. read more
Sales growth slump dents retailer confidence

Sales growth slump dents retailer confidence

28/09/2015 - 12:10
Cape Town - Results from the latest EY/Bureau for Economic Research (BER) Retail Survey signal a substantial deterioration in trading conditions in the retail sector during the third quarter of 2015. read more
Producer inflation accelerates in March

Producer inflation accelerates in March

04/05/2015 - 10:38
Producer inflation accelerated in March amid higher food, beverage, and tobacco prices, Statistics SA reported. read more
Inside South Africa’s informal economy

Inside South Africa’s informal economy

18/08/2014 - 15:13
In 2013 there were 1.5 million people running an informal business in South Africa, according to the Survey of Employers and Self-Employed (SESE) released by Statistics South Africa (Stats SA). read more
How much money informal traders really make

How much money informal traders really make

15/08/2014 - 10:16
Almost 70% of people who start an informal business do so because they are unemployed and have no alternative source of income. read more
SA workforce shrinks - survey

SA workforce shrinks - survey

06/02/2013 - 08:09
Cape Town - South Africa's labour force decreased by 235 000 people between the third and fourth quarters of 2012, the latest Quarterly Labour Force Survey (QLFS) revealed on Tuesday. read more
Jobless rate dip spoiled by shocks at factories

Jobless rate dip spoiled by shocks at factories

01/08/2012 - 08:06
Heavy job losses in the manufacturing and trade sectors of the economy marred news yesterday that unemployment dipped unexpectedly during the second quarter of this year. read more
Economists eye 7.0% growth in November retail

Economists eye 7.0% growth in November retail

16/01/2012 - 08:50
Growth in SA's retail trade sales at constant (2008) prices for November is expected to lose a bit of momentum and clock in at 7.0% year on year, from a y/y growth of 7.4% in October, according to a survey of leading economists by I-Net Bridge. read more
SA factories run at 79,8% capacity in August

SA factories run at 79,8% capacity in August

04/11/2011 - 07:27
Factories in South Africa run at 79,8% capacity, led by manufacturing in the division for radio, television and communication apparatus and professional equipment read more