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Mining production sees 5.2% increase in October

By: Anine Kilian     7th December 2017 Mining production increased by 5.2% year-on-year in October 2017, according to the most recent findings from Statistics south Africa. The largest positive contributors were iron-ore, which contributed 2.4 percentage points and coal, which contributed 1.5 percentage points. 

Q3 GDP expands by 2% q/q as agriculture soars

By: Reuters     5th December 2017 South Africa's economy grew more than expected in the third quarter as agricultural sector continued to recover from a severe drought while mining and finance also improved, lifting hopes the country may avoid further credit downgrades. Last month S&P Global Ratings cut Pretoria's local currency... 

South African manufacturing declines, but could recuperate in new year

By: Megan van Wyngaardt     9th November 2017 Difficult trading conditions in the country are reflected in Statistics South Africa’s latest manufacturing numbers, with production having decreased by 1.6% year-on-year in September. However, Nedbank analysts said in a release that the latest set of production figures suggests that the economic... 

Mining production contracts while sales soar – Stats SA

By: Megan van Wyngaardt     9th November 2017 Local mining production decreased by 0.9% year-on-year in September, Statistics South Africa Statistician-General Risenga Maluleke revealed on Thursday. The largest negative contributors were platinum-group metals (PGMs), with output down 8.3%, followed by iron-ore, which was down by 7.5%. 

Cidb concerned over 140 000 construction job losses

By: Megan van Wyngaardt     7th November 2017 Construction Industry Development Board (cidb) monitoring and evaluation project manager Ntando Skosana on Tuesday described the loss of 140 000 jobs in the local construction industry between the first and third quarters of this year as “disheartening”. The construction industry is an important... 

Credit default index offers visibility of pressures faced by consumer segments

By: Schalk Burger     27th October 2017 Consumer credit multinational Experian South Africa’s local consumer default index is a highly accurate tool to assess the economic pressures on different segments of the population, says Experian South Africa MD Simon Russell. The index functions as a business and policy formulation tool, and... 

New Statistician-General and head of Statistics South Africa appointed

By: Natasha Odendaal     20th October 2017 Statistics South Africa (Stats SA) deputy director-general for statistical collections and outreach Risenga Maluleke has been appointed as successor to Statistician-General and Stats SA head Dr Pali Lehohla. Lehohla’s tenure expires at the end of October. 

South African mining production surges 6.9% in August, exceeds expectations

By: African News Agency      12th October 2017 Mining production in South Africa increased by 6.9% year-on-year in August whilst seasonally adjusted mining production increased by 5.3% in the same month compared with July, Statistics South Africa (StatsSA) said on Thursday. StatsSA said the biggest contributors to the jump in production were... 

Even Stats SA could fall to State capture – Gordhan, Jonas 

By: News24Wire      12th October 2017 Statistics South Africa is not immune to the State capture project, former finance minister Pravin Gordhan and his former deputy Mcebisi Jonas said on Thursday. The warning comes as Statistician-General Pali Lehohla is set to step down in October, after 17 years in charge of Stats SA. 

Decline in insured construction activity to continue – Bryte

By: Mia Breytenbach     3rd October 2017 Insured construction activity contracted by 15% year-on-year in the second quarter. Southern African proactive business risk specialist Bryte Insurance (formerly known as Zurich Insurance) this week released its Construction Activity Monitor for the three months to June 30. 

SEZ receives recognition, contributes to SMME participation

By: Marleny Arnoldi     29th September 2017 Special economic zone (SEZ) developer and operator Coega Development Corporation (CDC) has been recognised by export assistance company Exporters Club for its dedication to job creation initiatives and excellent services to export orientated investors.  

South Africa sheds 34 000 jobs so far in 2017 – StatsSA

By: African News Agency      28th September 2017 A decline of 34 000 jobs was recorded in the second quarter of 2017 in South Africa’s formal non-agricultural sector, the Quarterly Employment Survey, released by StatsSA on Thursday, revealed. “That decrease is in manufacturing, construction, community services, transport … only mining and... 

Mining production growth slows to 0.9% y/y in July

By: Anine Kilian     7th September 2017 Mining production growth slowed to 0.9% year-on-year in July, compared with production growth of 1.3% year-on-year in June. Statistics South Africa’s (Stats SA’s) latest mining production report, published on Thursday, showed that manganese ore, chromium ore, diamonds and gold were the main... 

National Treasury welcomes end of recession but says country not in clear yet

By: African News Agency      5th September 2017 National Treasury on Tuesday welcomed the news that the economy grew by 2.5% in the second quarter, technically signalling that South Africa was emerging from a recession, but said it was too soon to suggest a long-term upswing in the economy. “Although it is still too early to suggest a longer... 

SA out of recession but growth far from NDP ambitions

By: African News Agency      5th September 2017 The South African economy is out of recession at the moment, owing to a gross domestic product (GDP) growth of 2.5% in the second quarter of 2017, StatsSA announced on Tuesday. “Let’s go straight into the numbers … the GDP quarter-on-quarter [growth rate] is 2.5%. I saw that analysts in the media... 

Domestic travel shrinks in South Africa due to financial hardship – Stats SA

By: African News Agency      4th September 2017 Domestic tourism within South Africa has declined over the past two years due to economic hardships, the Domestic Tourism Survey 2016 (DTS 2016) released by Statistics South Africa on Monday shows. According to the survey, the total number of day trips undertaken within the country decreased from... 

Expect taxi fare increases between R1 to R5 following petrol price hike

By: News24Wire      4th September 2017 Taxi fares will possibly increase by between R1 and R5 per journey, depending on the region, following a petrol price increase of 67c per litre, Santaco warned on Sunday. The taxi-industry will try its best to try and reduce the blow to consumers while keeping operators afloat, South African... 

Manufacturers on receiving end of weak economy

     18th August 2017 Manufacturers in South Africa are on the receiving end of the weak economy as there is little room to pass on cost increases, says Steel and Engineering Industries Federation of Southern Africa (Seifsa) economist Marique Kruger. 

Politics jeopardising employment in South Africa – Solidarity

By: Anine Kilian     8th August 2017 Trade union Solidarity on Tuesday expressed concern about South Africa’s persistent weak unemployment statistics.  This comes after Monday’s release, by Statistics South Africa, of its Quarterly Labour Force Survey, which showed that the expanded definition of unemployment had widened from 36.4%... 

Rail is the future of Africa’s industrialisation

     4th August 2017 Rail infrastructure upgrades remain a core focus of the ongoing industrialisation of Africa, where the transportation of goods and commodities is often difficult and costly, owing to underinvestment in rail infrastructure, says multinational power and engine manufacturer and distributor Cummins. 

Seifsa appoints new economists

By: Anine Kilian     17th July 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has appointed Dr Michael Ade chief economist and Marique-Mari Kruger economist with effect from July 17 and August 1, respectively. Ade will join Seifsa from the South African Revenue Service where he is capacity director... 

Farmers still face headwinds despite return to growth

By: David Oliveira     14th July 2017 Despite the recent positive news from Statistics South Africa (Stats SA) indicating that the agriculture sector had increased 22.2% in the first quarter of 2017 and that a record maize harvest is on the horizon for this year, the recent sovereign downgrades by credit agencies and news that the... 

Mining ups y/y output in May, but down again month on month

By: Mia Breytenbach     13th July 2017 South Africa’s headline mining production grew 3.6% year-on-year in May, but contracted -0.2% from the downwardly revised month-on-month decrease in April over March, of -1.4%. The three largest positive contributors to the headline improvement in mining activity came from iron-ore production,... 

May mining output falters on uncertain commodity prices

By: Martin Creamer     13th July 2017 Mining production data released by Statistics South Africa on Thursday revealed a second consecutive month of production contraction. The -0.2% contraction and the -1.4% contraction in April are viewed as concerning by Chamber of Mines of South Africa chief economist Henk Langenhoven, owing to... 

Tight market conditions put demand for LSFB under pressure

By: Nica Schreuder     7th July 2017 The light steel frame building (LSFB) industry is experiencing the same hardship as the building and construction industry. According to Statistics South Africa, the area of buildings completed during 2016, excluding additions and alterations, matched that of 2015, meaning that no growth was... 

Billions more in municipal coffers – Stats SA

By: African News Agency      29th June 2017 The revenue collected by municipalities across South Africa increased by R27-billion in the financial year ending June 2016, in comparison with the previous year, according to the Financial Census of Municipalities results released by Statistics South Africa (StatsSA) on Wednesday. The report,... 

Civil confidence falls to lowest level since 2011 – BER

By: Megan van Wyngaardt     28th June 2017 The First National Bank (FNB)/Bureau for Economic Research’s (BER’s) Civil Confidence Index fell to 28 in the second quarter, from 40 in the first quarter, indicating that more than 70% of respondents are dissatisfied with prevailing business conditions. This, along with the first quarter of... 

Formal jobs decline by 48 000 in Q1 – Stats SA

By: Megan van Wyngaardt     27th June 2017 Jobs in the formal nonagricultural sector declined by 48 000, or 0.5%, to 9.64-million in the quarter ended March 31, Statistics South Africa’s (Stats SA’s) Quarterly Employment Statistics (QES) report has revealed. This was mainly driven by trade and finance and business services, which lost 32... 

Maile’s 2017 budget to focus on jobs

By: Natasha Odendaal     22nd June 2017 Gauteng will continue its focus on intervening decisively to resolve the bottlenecks facing various industry sectors to save and create jobs at a time when the unemployment rate in the province remains high. Economic Development and Agriculture and Rural Development MEC Lebogang Maile on Thursday... 

Meat, petrol price increases drive up May CPI food inflation

By: African News Agency      21st June 2017 The headline Consumer Price Index (CPI) inflation lifted slightly in May to 5.4 percent from 5.3 percent year-on-year in April on food and petrol prices, Statistics South Africa said on Wednesday. Figures released on Wednesday, showed that South African food and non-alcoholic beverages price... 

Innovation, entrepreneurship key to tackling unemployment

By: Anine Kilian     9th June 2017 South Africa needs to promote innovation and entrepreneurship if it wants to tackle mass unemployment, South African Youth Chamber of Commerce (SAYCC) president Thapelo Maleke has said. “In an era of radical transformation, the focus should be on digital change,” he noted at the Youth in Science,... 

Chamber of Mines not lulled by 12.8% growth in mining sector in Q1

By: Megan van Wyngaardt     7th June 2017 Positive international macroeconomic trends over the last few months should have had a greater positive outcome for the local mining sector than the 12.8% improvement recorded in the first quarter, as reported in Statistics South Africa’s (StatsSA’s) latest gross domestic product (GDP)... 

South African economy enters recession as Q1 GDP contracts 0.7% 

By: Megan van Wyngaardt     6th June 2017 South Africa’s gross domestic product (GDP) contracted by 0.7% in the first quarter of the year, pushing the country in a technical recession. This followed on the 0.3% contraction in GDP in the fourth quarter of last year. 

Unemployment rate rises to 14-year high of 27.7%

By: Anine Kilian     1st June 2017 South Africa’s unemployment rate rose to 27.7% in the first quarter of this year, the highest level since September 2003. Statistics South Africa’s latest Quarterly Labour Force Survey, released on Thursday, reveals that the growth in employment, of 144 000 people, was offset by the growth in the... 

CoM sees green shoots in mining industry as job losses wane

By: Megan van Wyngaardt     13th April 2017 The Chamber of Mines (CoM) on Thursday said that, despite general uncertainty about the global economy and the direction and sustainability of commodity prices, as well as domestic cost and policy pressures, it seems as if there are “green shoots” of improvements “if one [looks] carefully”. Its... 

Rail – The Future of Africa’s Industrialisation

     11th April 2017 Rail infrastructure upgrades remain a core focus of the ongoing industrialisation of Africa, where the transportation of goods and commodities is often difficult and costly, due to underinvestment in rail infrastructure. China’s October 2015 announcement to pledge US$50-billion towards the... 

Mining showing tentative improvement off low base – chamber

By: Martin Creamer     30th March 2017 The fourth quarter mining financial statistics data released by Statistics South Africa (Stats SA) confirm the tentative improvement in the sector’s financial conditions during 2016, but off a very low 2015 base and with huge swings in performance. In 2016 rand terms, mining’s profits before... 

Higher Education Minister extends skills strategy to reach goals

By: Megan van Wyngaardt     23rd March 2017 Four years after its 2013 conference, the National Skills Authority is still implementing recommendations aimed at improving the mandate it is tasked with, enhancing national skills development, including the systemic study of the implementation of the third National Skills Development Strategy,... 

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