The South African Gross Domestic Product (GDP) has decreased by 0.6% in the third quarter of 2019, Statistician-General Risenga Maluleke has revealed. “The economy of the country went into a [0.6% slump] in the third quarter of 2019, while year-on-year it is sitting at 0.1% and 0.3% at nine-months-on-nine-months,” he said on Tuesday at a briefing. The Statistics South Africa (Stats SA) report revealed that the community and social services sector accounted for 22.5% (23.9% share of nominal … [Read more...] about GDP decreases by 0.6%
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SA GDP grows by 2% … And the largest negative contributor was?
South Africa’s Gross Domestic Product (GDP) grew by 2% in the third quarter of 2017. “In quarter three of 2017, the economy grew by 2% and we can see that year-on-year [it came in at] 0.8% and on a nine-month to nine-month basis, it came in at 1%,” said Statistician General Risenga Maluleke. Maluleke on Tuesday addressed his first GDP media briefing as Statistician General since taking over from his predecessor Pali Lehohla on 1 November. “Looking at growth rates over time, from quarter … [Read more...] about SA GDP grows by 2% … And the largest negative contributor was?
Sugar Tax, GDP and quantifying quality
I don't eat much sugar at all. In my experience, sugar and starch cause me to become fat and lazy. So I drink bitter coffee by day, red wine at night and water when I train. So I'm personally not too stressed about government's plans to tax the consumption of sugar in the same way it taxes cigarettes and alcohol. Selfish of me perhaps? (for the record though, I don't think the amount of sugar I put in my tea, or how many hours I spend watching TV or whether I spend enough time in gym are the … [Read more...] about Sugar Tax, GDP and quantifying quality
SA’s economy grows by 0.2% in 3rd quarter of 2016
South Africa's Gross Domestic Product (GDP) grew by 0.2% in the third quarter of 2016, Statistics South Africa's Joe de Beer said on Tuesday. The economy, however, grew by a rate of 3.5% in the second quarter. GDP had expanded by 0.3% in the third quarter of 2015. "The main contributors to the GDP growth rate were the mining and quarrying industry, finance, real estate and business services, and general government services," said De Beer, who is the Deputy Director-General of … [Read more...] about SA’s economy grows by 0.2% in 3rd quarter of 2016
GDP Figures Guaranteed to make you feel inferior
The Gross domestic product (GDP) of a country is a monetary measure of the market value of all final goods and services produced in a period. Our theory is that the amount of goods produced is in direct relation to the sentiment of the citizens of a country - the more positive and confident people are, the more goods that are produced. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. South … [Read more...] about GDP Figures Guaranteed to make you feel inferior
3.3% GDP Growth
Statistics South Africa (Stats SA) Deputy Director-General Joe de Beer says the country's headline figure, the real gross domestic product (GDP), grew by 3.3% in the second quarter of 2016. This is after the real GDP production decreased by 1.2% in the first quarter. "The main contributors to the GDP growth rate were the manufacturing industry and the mining and quarrying industry," the Deputy Director-General said. The primary sector grew by 8.8%, with mining and quarrying growing by … [Read more...] about 3.3% GDP Growth
SA GDP grows marginally by 0.7% in third quarter
South Africa's economy grew marginally by 0.7% in the third quarter of 2015, Statistics SA announced on Tuesday. The gross domestic product (GDP) announcement comes after a second-quarter contraction of 1.3%. The mining (-9.8), electricity (-8%) and agriculture (-12.6%) sectors contracted in the third quarter, which has been expected due to lower commodity demand (mining and electricity) and the drought that has affected the country (agriculture). The manufacturing (6.2%), finance (2.8%) … [Read more...] about SA GDP grows marginally by 0.7% in third quarter
How SA can boost GDP by R260bn
South Africa could boost annual gross domestic product (GDP) by R260bn by 2030 through smarter infrastructure delivery, according to a McKinsey report. On Tuesday, McKinsey Global Institute released its latest report on South Africa titled, South Africa's Big Five: Bold priorities to unleash inclusive growth. "The country could save up to R1.4trn over the next decade and boost annual GDP by R260bn by 2030 if it invests these savings in additional infrastructure, creating 660 000 jobs," … [Read more...] about How SA can boost GDP by R260bn
GDP increases by 4.1%
South Africa's gross domestic product (GDP) increased by 4.1% in the fourth quarter of 2014, Statistics South Africa (Stats SA) said on Tuesday. “Real gross domestic product at market prices increased by 4.1% quarter-on-quarter, seasonally adjusted and annualised,” said Stats SA. This growth was more than what markets had expected. “GDP growth accelerated by much more than the markets expected in the final quarter of 2014, growing by a seasonally adjusted and annualised 4.1% … [Read more...] about GDP increases by 4.1%
SA’s GDP increases by 1.4%
South Africa's Gross Domestic Product (GDP) increased by 1.4% in the third quarter, Statistics South Africa (Stats SA) said on Tuesday. "The seasonally adjusted real GDP at market prices for the third quarter of 2014 increased by an annualised rate of 1.4% compared with an increase of 0.5% (revised from 0.6%) during the second quarter of 2014," said Stats SA. The main contributors to the quarterly growth of 1.4% was the finance, real estate and business services and the wholesale, retail … [Read more...] about SA’s GDP increases by 1.4%
SA GDP increases by 0.6% in 2nd quarter
South Africa's Gross Domestic Product (GDP) at market prices increased by 0.6% in the second quarter of 2014, Statistics South Africa, said today. This means that the South African economy has avoided a recession following on a -0.6% decrease in the first quarter of 2014. Briefing reporters, Executive Manager for National Accounts at Stats SA, Gerhardt Bouwer, said that the largest contributors to the quarter on quarter increase of 0.6% was general government services and the transport, … [Read more...] about SA GDP increases by 0.6% in 2nd quarter
GDP decreases by 0.6% in first quarter
The seasonally adjusted Gross Domestic Product (GDP) at market prices slumped at an annualised rate of 0.6% for the first quarter of 2014, Statistician General Pali Lehohla announced on Tuesday morning. This decrease in growth - the worst since the second quarter of 2009 when the world's economy dipped as a result of the global recession - comes after the GDP grew by an annualised rate of 3.8% in the fourth quarter of 2013. Releasing the latest GDP results at the Government Communication … [Read more...] about GDP decreases by 0.6% in first quarter
Fourth quarter GDP up by 3.8%
Statistics South Africa (StatsSA) has announced that the seasonally adjusted real Gross Domestic Product (GDP) at market prices for the fourth quarter of 2013 increased at an annualised rate of 3.8 percent. It said in a statement on Tuesday that the first preliminary annual estimates of GDP for 2013 were derived as the sum of the GDP for the four quarters - estimates indicate that the real annual GDP at market prices for 2013 increased by 1.9 percent. "The nominal GDP at market prices in … [Read more...] about Fourth quarter GDP up by 3.8%
Third quarter GDP rises by 0.7%
South Africa’s real Gross Domestic Product (GDP) increased by 0.7% in the third quarter of 2013 compared to a revised 3.2% growth in the second quarter, said Statistics South Africa (Stats SA). "Real gross domestic product at market prices increased by 0.7% quarter-on-quarter, seasonally adjusted and annualised," said Stats SA on Tuesday. Mining and quarrying, finance, real estate and business services, the wholesale, retail and motor trade, catering as well as the transport, storage and … [Read more...] about Third quarter GDP rises by 0.7%
GDP increases by 3 percent in second quarter
The Gross Domestic Product (GDP) at market prices increased by 3.0 percent during the second quarter of 2013, Statistics South Africa (StatsSA) has announced. "The seasonally adjusted real GDP at market prices for the second quarter of 2013 increased by an annualised rate of 3.0 percent compared with an increase of 0.9 percent during the first quarter of 2013," it said on Tuesday. The nominal GDP at market prices during the second quarter of 2013 was R836 billion, which is R23 billion more … [Read more...] about GDP increases by 3 percent in second quarter
