While crime levels have stabilised, perceptions that crime is increasing persist, Statistics South Africa (Stats SA) said on Wednesday. "The crime levels show that crime has stabilised, it is moving in a path where it has stabilised. The perceptions are that crime has indeed increased; 43% of people believe that crime has increased and 38% believe that it has gone down and about 12% feel that it is staying the same," Statistician General Pali Lehohla said in a response to a question. This, … [Read more...] about Stats SA says that Crime Levels have stabilised
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CPI inflation rate up to 4.7%
The headline CPI annual inflation rate in June 2015 was 4.7%, Stats SA announced today. "This rate was 0.1 of a percentage point higher than the corresponding annual rate of 4.6% in May 2015," Stats SA said in a statement. "On average, prices increased by 0.4% between May 2015 and June 2015." The increase in the CPI will be important to note as the SA Reserve Bank's Monetary Policy Committee meets this week to determine whether to increase the country's repo rate. An announcement is … [Read more...] about CPI inflation rate up to 4.7%
PPI at 5.8% in January
South Africa's new headline producer Price Inflation was at 5.8% in January, Statistics South Africa (Stats SA) said on Tuesday. "The annual percentage change in the Producer Price Index (PPI) for final manufactured goods was 5.8% in January 2013. From December 2012 to January 2013 the PPI for final manufactured goods increased by 0.5%," said Stats SA. The January number slowed to 5.8% from a recalculated 6.3% in December 2012. The January 2013 release is the first one to feature five … [Read more...] about PPI at 5.8% in January
GDP rises 2.1% in fourth quarter of 2012
South Africa’s Gross Domestic Product (GDP) rose by 2.1% in the fourth quarter of 2012 - up from 1.2% in the third quarter, Statistics South Africa said on Tuesday. "The seasonally adjusted real GDP for the fourth quarter of 2012 increased at an annualised rate of 2.1%," said Gerhardt Bouwer, executive manager for national accounts at Stats SA. On a quarter-on-quarter basis, the 2.1% growth beat market expectation of a 1.6% growth. The main contributors to the 2.1% increase in the … [Read more...] about GDP rises 2.1% in fourth quarter of 2012
Retail trade sales up on expectations
Retail trade sales came in at 2.3% year-on-year in December 2012 from 3.6% in November, Statistics South Africa (Stats SA) said on Wednesday. The market expectation was that it would slow down to 1.2% year-on-year in December. The main contributors to the higher-than-expected 2.3% were general dealers, retailers in textiles, clothing, footwear and leather goods and all ‘other' retailers. Seasonally adjusted retail trade sales increased by 1% in December 2012. For 2012, retail sales … [Read more...] about Retail trade sales up on expectations
Retail trade sales show 8.3% growth
The June Retail trade sales increased more than expected by 8.3% from an upwardly revised 7.1% in June, Statistics South Africa (Stats SA) said. Market expectation was that sales would rise by 4.7%. Textiles, clothing, footwear and leather goods were at 16.4% as well as pharmaceutical and medical goods, cosmetics and toiletries were the major contributors to the increase, said Stats SA on Wednesday. Measured in real terms‚ seasonally adjusted retail trade sales increased 1.9% in June … [Read more...] about Retail trade sales show 8.3% growth
CPI eases to 6% in March
The Consumer Price Index (CPI) eased to 6% in March, Statistics South Africa (Stats SA) said on Wednesday. Expectation was that it would ease to 6%, off from 6.1% in February, which was above the Reserve Bank's inflation target of between 3% and 6. "On average, prices increased by 1.1% between February 2012 and March 2012," said Stats SA. This was due mainly to increases in the housing and utilities index, as well as rises in the alcoholic beverages and tobacco index. Nedbank … [Read more...] about CPI eases to 6% in March
February CPI eases
The Consumer Price Index (CPI) slowed to 6.1% in February, down from 6.3% in January, Statistics South Africa (Stats SA) said. Bloomberg consensus was that inflation would tick-up to 6.4% year-on-year. "On average, prices increased by 0.6% between January 2012 and February 2012," said Stats SA on Thursday. This increase was mainly due to a 6.4% monthly increase in medical services as well as a 34 cents hike in the petrol price. The price of several food items fell over the … [Read more...] about February CPI eases
SA’s 4th Quarter GDP rises to 3.2%
South Africa's real Gross Domestic Product (GDP) in the fourth quarter of 2011 rose to 3.2%, says Statistics South Africa (Stats SA). "The seasonally adjusted real GDP at market prices for the fourth quarter of 2011 increased an annualised rate of 3.2% compared with an increase of 1.7% revised from an increase of 1.4% during the third quarter of 2011," Stats SA's executive manager of national accounts, Gerhardt Bouwer, said on Tuesday. The 3.2% was slightly better than the market … [Read more...] about SA’s 4th Quarter GDP rises to 3.2%
January CPI rises above expectations
The Consumer Price Index (CPI) continued its upward trend, rising to 6.3% in January, Statistics South Africa (Stats SA) announced on Wednesday. Market expectation was that it would rise to 6.2% from December's 6.1%. "On average, prices increased by 0.6% between December 2011 and January 2012," said Stats SA. According to Stats SA, the food and non-alcoholic beverages index increased by 1.5% between December and January, while the housing and utilities index also rose. Between December … [Read more...] about January CPI rises above expectations
Unemployment falls to 23.9%
South Africa's unemployment rate fell to 23.9% in the fourth quarter of 2011, Statistics South Africa (Stats SA) said on Tuesday. Releasing the Quarterly Labour Force Survey for the fourth quarter, Stats SA said the unemployment rate was down by 1.1% to 23.9% down from the third quarter's 25%. There were 13.5 million people employed in the fourth quarter. Compared to the fourth quarter in 2010, employment increased by 365 000 in the fourth quarter of 2011. "Comparing the same period … [Read more...] about Unemployment falls to 23.9%
PPI Slows to 9.8%
The Producer Price Index (PPI) slowed to 9.8% year-on-year in December, Statistics South Africa (Stats SA) said on Thursday. "This rate is 0.3 of a percentage point lower than the corresponding annual rate of 10.1% in November 2011," said Stats SA. PPI - which is the price of goods leaving factories and mines - was expected to have eased to 10.0 % year-on-year. Stats SA attributed the lower rate to decreases in mining and quarrying, electrical machinery and apparatus components, among … [Read more...] about PPI Slows to 9.8%
November Retail Trade Sales up by 6.8%
Retail trade sales in November grew by 6.8% year-on-year, Statistics South Africa (Stats SA) said. Analysts had expected it to come in at 7.5% year-on-year. The highest annual growth rate was recorded for retailers in hardware, paint and glass as well as retailers in household furniture, appliances and equipment as well as retailers in textiles, clothing, footwear and leather goods. The 6.8% increase follows a revised 7.5% increase in October. In real terms, retail trade sales for … [Read more...] about November Retail Trade Sales up by 6.8%
PPI at 10.1% in November
The Producer Price Index (PPI) slowed to 10.1% in November, Statistics South Africa (Stats SA) said on Thursday. Analysts had expected it to come in at 10.6% year-on-year. "This rate is 0.5 of a percentage point lower than the corresponding annual rate of 10.6% in October 2011," said Stats SA. It attributed the reduction to decreases in mining and quarrying and electricity. "These decreases were partially counteracted by increases in the annual rate of change for products of … [Read more...] about PPI at 10.1% in November
November CPI up to 6.1%
The Consumer Price Index (CPI) in November came out lower than market expectation, rising to 6.1%. "The headline CPI annual inflation rate in November 2011 was 6.1%. This rate was 0.1 of a percentage point higher than the corresponding annual rate of 6% in October 2011," said Statistics South Africa on Wednesday. CPI breached the Reserve Bank's target range of between three and six percent. On average, prices increased by 0.3% between October 2011 and November 2011. The food and … [Read more...] about November CPI up to 6.1%
