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South Africa’s recession: a threat or opportunity for business travel?

17th September 2018 South Africa has officially slipped into a technical recession for the first time since 2009, based on Statistics South Africa’s revelation of a 0.7 percent decline in the second quarter GDP figures. On the back of a poor Q1‚ when GDP shrank by a revised 2.6 percent, are businesses prioritising... 

South African mining sees considerable decline of 5.2% in July – Stats SA

By: Simone Liedtke     13th September 2018 Mining production in South Africa decreased by 5.2% year-on-year in July, following a 3.7% year-on-year rise in June, mainly as a result of declines in the production of gold, iron-ore, coal and platinum-group metals (PGMs). According to Statistics South Africa (Stats SA), gold decreased by 15%,... 

ANC worries over elections as SA enters recession

By: News24Wire      6th September 2018 The chairperson of the African National Congress's (ANC's) subcommittee on economic transformation Enoch Godongwana has admitted that the ruling party is worried about going into the 2019 national elections while the country's reeling from an economic recession. He made the comments to... 

Mantashe pleased with mining contribution to GDP

By: African News Agency      4th September 2018 The mining and quarrying sector contribution to the gross domestic product (GDP) bode well for the sector and indicated a commodity boom may be imminent, Mineral Resources Minister, Gwede Mantashe, said on Tuesday. Statistics South Africa said on Tuesday that mining and quarrying industry... 

South Africa in recession for first time since 2009; rand slumps

By: Reuters     4th September 2018 South Africa entered recession in the second quarter for the first time since 2009, data showed on Tuesday, in a stinging blow to President Cyril Ramaphosa's efforts to revive the economy after a decade of stagnation. Statistics South Africa said the economy contracted by 0.7% quarter-on-quarter,... 

Mining production increases 2.8% y/y in June

By: Marleny Arnoldi     14th August 2018 Mining production increased by 2.8% year-on-year in June, from a 1.8% decline in May, with the largest positive contributor being platinum group metals (PGMs), which rose by 28.2% and contributed 5.9 percentage points, says Statistics South Africa (Stats SA). Other positive contributors were... 

June manufacturing output up 0.7%

By: Reuters     7th August 2018 South Africa's manufacturing output rose by 0.7% year-on-year in June, following a revised 2% expansion in May, the statistics agency said on Tuesday. Statistics South Africa said factory production on a month-on-month basis rose 0.3% in June, and in the three months to June it fell by 0.1%... 

Expropriation will advance economic development, increase food security – Ramaphosa

By: News24Wire      1st August 2018 President Cyril Ramaphosa announced that the ANC would propose an amendment of the Constitution to Parliament, outlining conditions for expropriation of land without compensation. His late-night announcement came following the political party's two-day national executive committee lekgotla, which... 

SA population rises above 57m

By: African News Agency      23rd July 2018 South Africa's population has risen to 57.73-million according to the 2018 mid-year population estimates released by Statistics South Africa (StatsSA) on Monday. "We are talking about mid-year population estimates which use the latest fertility, mortality and migration data to estimate the size... 

SA annual consumer inflation accelerates to 4.6 percent in June - stats agency

By: African News Agency      18th July 2018 South Africa’s annual consumer price inflation quickened to 4.6 percent in June from 4.4 percent in May, data from the national statistics agency showed on Wednesday. On average, prices increased by 0.4 percent between May and June, Statistics South Africa said. 

M&A advisory firm aims to use SA as gateway to African market

By: Nadine James     13th July 2018 Washington DC-headquartered mergers and acquisition advisory firm Taylor Advisory announced last week that it was entering the African market through South Africa with the appointment of Francois Baird as its Africa co-chairperson and Riaan Rademan as its South Africa co-chairperson. This is... 

SEIFSA Cautiously Optimistic Following a Rebound in Metals and Engineering Sector Output in May.

By: Creamer Media Reporter      12th July 2018 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is cautiously optimistic following the release of production data reflecting an increase in output in the Metals and Engineering (M&E) sector, despite a corresponding decline in business confidence and a volatile rand,... 

South African gold output falls most since February 2017 in May

By: Bloomberg     12th July 2018 Gold output in South Africa, once the world’s biggest producer of the metal, declined the most since February 2017 in May. Production dropped 16.2% from a year earlier, compared with a revised 5.8% contraction in April, Pretoria-based Statistics South Africa said Thursday in a statement on its... 

Gradual producer price index improvement for intermediate manufactured goods bodes well for the metals and engineering cluster - SEIFSA

By: Creamer Media Reporter      12th July 2018 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the latest Producer Price Index (PPI) data for intermediate manufactured goods released by Statistics South Africa today, which affirm the gradual improvement in selling price inflation for sub-industries in the... 

Corruption’s heavy toll

By: Martin Zhuwakinyu     6th July 2018 Picture this scene: you are driving along a road in suburban Johannesburg and a stern-looking cop pulls you over, informing you, as you wind down your window, that you have exceeded the speed limit or committed any of several traffic infractions. In a tone that can put the fear of God into any... 

More must be done for youth development, job creation – Mabuza

By: Anine Kilian     22nd June 2018 The Human Resource Development Council (HRDC) should be able to contribute meaningfully in answering why South Africa’s unemployment rate remains stubbornly high, at 27.7%, Deputy President David Mabuza said on Friday.   Addressing delegates at the twentieth HRDC meeting, in Johannesburg, he... 

South Africa's mining production down 4.3% y/y in April

By: African News Agency      14th June 2018 South Africa' mining output fell by decreased by 4.3% in April compared with the same month last year, the national statistics agency said on Thursday. Statistics South Africa said the largest negative contributors to the decline were platinum group metals (PGMs), which slid 6.5%, deducting 1.5... 

Q2 business confidence falls six points to 39 – RMB/BER

By: Reuters     13th June 2018 A South African business confidence index fell in the second quarter by six points, a survey showed on Wednesday, a sign the economy was struggling amid hopes that President Cyril Ramaphosa would help revitalise the country and attract investment. The Rand Merchant Bank (RMB) business confidence... 

April manufacturing output up 1.1% Y/Y

By: Reuters     7th June 2018 South Africa's manufacturing output expanded by 1.1% year-on-year in April following a revised 1.6% contraction in March, the statistics agency said on Thursday. Statistics South Africa said factory production on a month-on-month basis shrunk 0.6% in April, decreased by 3% in the three months to... 

Local govt service delivery improved in 2016/17 – Stats SA

By: News24Wire      5th June 2018 The number of people receiving services from municipalities increased between 2016 and 2017, Statistics South Africa has found. "For the period under review, the highest percentage increase was recorded in the provision of sewerage and sanitation (3.8%), followed by solid waste management (2.6%),... 

Agriculture, mining and manufacturing drag South Africa into dramatic Q1 slump 

By: Reuters     5th June 2018 South Africa suffered its worst quarterly contraction in nine years, data showed on Tuesday, in a reminder to investors of the huge challenge President Cyril Ramaphosa faces to deliver long term economic growth. After Jacob Zuma was forced out as leader by the ruling party in February, Ramaphosa... 

SA's annual consumer inflation accelerates to 4.5 percent in April

By: African News Agency      23rd May 2018 South Africa's consumer price inflation bounced up 4.5 percent year-on-year in April from a multi-year low of 3.8 percent in March, the statistics agency said on Wednesday. The consumer price index increased by 0.8 percent on a month-on-month basis in April, Statistics South Africa said. 

Mantashe prioritises policy, laments ‘inadequate’ budget allocation

By: Marleny Arnoldi     15th May 2018 The Department of Mineral Resources (DMR) will make policy and legislation one of its key priorities this year and has committed to finalising the Mining Charter in June, Minister Gwede Mantashe said on Tuesday. Mantashe, who tabled the DMR’s Budget Vote in Parliament, listed the department’s... 

Unemployment rate steady at 26.7% in Q1

By: Reuters     15th May 2018 South Africa's unemployment rate was unchanged at 26.7% of the labour force in the first quarter of 2018 compared with the last quarter of 2017, the statistics office said on Tuesday. In its quarterly labour force survey which polls households, Statistics South Africa said there were six-million... 

Positive sentiment remains, despite 8.4% y/y fall in March mining production

By: Simone Liedtke     10th May 2018 The 8.4% year-on-year decrease in South Africa’s mining production in March is not necessarily an accurate reflection of the state of the mining industry, says international law firm Hogan Lovells mining head Warren Beech. He hopes that figures will have “smoothed out by June or July”, as at... 

Weak mining, manufacturing data put pressure on South Africa recovery

By: Reuters     10th May 2018 South Africa's mining and manufacturing industries contracted in March as policy uncertainty and lukewarm demand weighed on output, threatening to reverse a fragile economic rebound. Mining production in March suffered its sharpest fall in two years and industrial output dropped, Statistics South... 

Stats SA to roll out digital data collection solution, starts preparation for 2021 census

By: Simone Liedtke     9th May 2018 Statistics South Africa (Stats SA) continues to focus on its mandate of providing credible statistics to guide South Africa’s push for a better life for its citizens. Priorities for Stats SA include maintaining basis statistics which, according to Minister in the Presidency for Planning,... 

Exciting new mining research thrust 

By: Martin Creamer     27th April 2018 The new Mandela Mining Precinct will be officially opened on May 4 to revitalise and modernise South Africa’s high-potential but struggling mining industry. 

Former Statistician-General Pali Lehohla honoured by University of KZN

By: African News Agency      24th April 2018 The University of KwaZulu-Natal (UKZN) has awarded Dr Pali Lehohla, former Statistician General and head of Statistics South Africa, with an honorary doctorate, the university said on Tuesday . The university made the award on Monday night in recognition of his unprecedented role in... 

Afrox secures contract to supply medical gases to State healthcare facilities

By: Simone Liedtke     11th April 2018 JSE-listed African Oxygen (Afrox) has been awarded a contract to supply medical gases to government hospitals and clinics across all provinces. 

Survey shows market confidence flat among general builders, civil contractors

By: Anine Kilian     4th April 2018 General building confidence, as measured by the Construction Industry Development Board (CIDB) SME Business Conditions Survey, was flat at 36 index points in the first quarter of this year. Only Grades 3 and 4 reported lower confidence in line with weaker underlying indicators among general... 

Iron-ore gives South Africa’s January mining output a boost

By: Marleny Arnoldi     16th March 2018 Mining production increased by 2.4% year-on-year in January, bolstered by strong growth in iron-ore production and “other” non-metallic minerals, Statistics South Africa figures how. The January growth compares with a contraction of 0.5% in December. 

January manufacturing output up 2.5% y/y

By: Reuters     13th March 2018 South Africa's manufacturing output rose 2.5% year-on-year in January after expanding by a revised 1.8% in December, Statistics South Africa said on Tuesday. Factory production on a month-on-month basis was down 1.6% and rose 1.8% in the three months to January compared with the previous three... 

Agriculture leads as SA economic growth quickens in fourth quarter of 2017

By: African News Agency      6th March 2018 Growth in South Africa's economy accelerated in the fourth quarter of 2017, helped by the agriculture sector, the statistics agency said on Tuesday. Gross domestic product expanded by 3.1% during the quarter, after increasing by an upwardly revised 2.3% in the previous three months, Statistics... 

Signs of manufacturing recovery, despite ongoing metals industry pressures

By: Megan van Wyngaardt     8th February 2018 The latest preliminary production data for the metals and engineering sector, released by Statistics South Africa (Stats SA) on Thursday, reflected a slowdown in production in December, despite a 2% increase in the broader manufacturing production during the same period, Steel and Engineering... 

Lehohla joins 22 on Sloane

By: Natasha Odendaal     22nd January 2018 Former Statistician-General Dr Pali Lehohla has joined 22 on Sloane as a research resident adviser, effective March 1. Following a 17-year career as Statistician-General of Statistics South Africa, Lehohla will settle into his new role of training, guiding and mentoring the team of researchers... 

November manufacturing output up 1.7% y/y

By: Reuters     11th January 2018 South Africa's manufacturing output rose 1.7% year-on-year in November, after rising by a revised 2.3% in October, Statistics South Africa said on Thursday. Economists polled by Reuters had forecast manufacturing volumes would rise by 0.45% year-on-year in November. 

State of local mining regulations shun investment, says CoM report 

By: Dylan Slater     14th December 2017 The findings of a recently conducted Chamber of Mines (CoM) survey indicate that if South Africa’s mining industry shifts its focus to create an attractive policy, regulatory and governance environment – through ethical leadership, good governance and the adoption of competitive, stable and... 

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