Statistics South Africa - ●北京赛车助赢 The South Africa I Know, The Home I Understand Mon, 15 Jan 2018 06:28:07 +0000 en-US hourly 1 QUARTERLY EMPLOYMENT STATISTICS - ●北京赛车助赢 Wed, 13 Dec 2017 09:13:39 +0000 read more »
Media Release???????????????????????????????????????????????????????????????????????????????????????? 12 December 2017


The results of the Quarterly Employment Survey for the third quarter of 2017 released by Statistics South Africa today, show a decline of 31 000 jobs (or -0.3%) to 9 589 000? in the formal non-agricultural sector in the quarter ended in September 2017.? This is a loss of 83 000
(or -0.9%) jobs when compared to the same period last year (September 2016).

Quarterly employment declines were mainly driven by community services industry with 10 000 jobs (or -0.4%). Additional job losses were also observed in mining and quarrying industry with 9 000 jobs (or -1.9%), trade industry with 7?000 (or -0.3%), business services with 6?000 (or -0.3%), manufacturing with 5?000 (or -0.4%), and electricity industry which lost 1 000 jobs (or -1.6%).

However, increases in employment were observed in the construction industry as well as the transport industry with 4 000 and 3?000 jobs respectively.

Gross earnings and average monthly earnings

Total earnings paid to employees increased by R20 billion (3.3%) to R606 billion in September 2017. However, this is R34.4 billion higher compared to the same period of last year (September 2016).

The increase in gross earnings was led by business services industry with R9.9 billion (or 6.8%) quarter-to-quarter. The quarterly increase was followed by community services industry with R4.8 billion (or 2.5%), electricity, gas and water supply industry with R2.2 billion, trade industry with R1.1 billion, manufacturing industry with R1.0 billion, mining and quarrying with R729 million and construction industry with R38 million.

The transport industry paid R223 million less gross earnings than the previous quarter.

There was a quarter-on-quarter increase of 2,2% in average monthly earnings paid to employees in the formal non-agricultural sector from R19?189 in May 2017 to R19 608 in August 2017. On an annual basis, average monthly earnings paid to employees increased by 8,7% from R18 035 in August 2016 to R19 608 in August 2017.


Issued by Statistics South Africa

For technical enquiries contact:

Ms Gwen Lehloenya

Acting Deputy Director-General: Population and Social Statistics

Tel: 012 310 8333



Mr Matlapane Masupye

Acting Chief Director: Labour Statistics

Tel:? 012 337 6427



For media enquiries contact:

Lesedi Dibakwane

Director: Media and Public Relations

(012) 310 8578

082 805 7088

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Businesses bleed jobs for third consecutive quarter - ●北京赛车助赢 Tue, 12 Dec 2017 09:30:03 +0000 read more »
New figures from the QES showed that South Africa’s formal non-agricultural sector shed 31?000 jobs in the third quarter of 2017. With losses of 41?000 in March 2017 and 31?000 in June 2017, this marks the third straight quarter of job losses across South Africa.

The job market has experienced notable pressure in the last year, with 83?000 formal jobs lost from September 2016 to September 2017.











The greatest losses were reported in the community and personal services industry, down 10?000 for the quarter and 106?000 for the year. This is the fourth consecutive quarter where the industry has shed jobs. These losses, to a large extent, were driven by the government sector.

Other losses were seen in the mining and quarrying industry, down 9?000 for the quarter. The trade industry shed 7?000 jobs for the quarter but gained 38?000 for the year. Quarterly losses were also observed in the services industry, 6?000 jobs, manufacturing industry, 5?000 jobs and electricity industry, 1?000 jobs.

Growth was seen in the construction industry where 4?000 jobs were created in September 2017 following a decline of 15?000 jobs in June 2017.

Moderate gains were also reported in the transport industry with 3?000 jobs added in the current quarter following five quarters of consecutive job shedding.

Gross earnings for the quarter ended September 2017 increased by R19,5 billion. The total amount of gross earnings measured for the quarter was R606 billion. This is up from R587 billion in the previous quarter. There was a 6,0% year-on-year increase in earnings in the current quarter compared with September 2016, amounting to R34 billion.

The increase in earnings was dominated by the business services industry with R10 billion. This is followed by the community services industry with R5 billion, the electricity industry with R2 billion, the trade industry and manufacturing industry with R1 billion each, the mining and quarrying industry with R729 million, and the construction industry with R38 million.

Earnings in the transport industry decreased by R223 million.

Average monthly earnings measured at R19?608 in the formal non-agricultural sector of the economy for the September 2017 quarter. It only increased by 2,2% from the previous quarter and by 8,7% from the same quarter in 2016.



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GDP in the third quarter of 2017 grew by 2,0% - ●北京赛车助赢 Tue, 05 Dec 2017 13:33:15 +0000 read more »

Press statement??????? ? ? ?? ? Embargo: Tuesday 5 December 2017, 11:30


GDP in the third quarter of 2017 grew by 2,0%

Gross domestic product (measured by production)

South Africa’s real gross domestic product (GDP) growth rate was 2,0% in the third quarter of 2017.

Second quarter GDP growth was revised from 2,5% to 2,8% after the incorporation of revised data sources.

The largest contributor to growth in GDP in the third quarter was the agriculture, forestry and fishing industry, which increased by 44,2% and contributed 0,9 of a percentage point to GDP growth.

Mining and quarrying increased by 6,6% and contributed 0,5 of a percentage point to GDP growth. Manufacturing increased by 4,3%, which contributed a further 0,5 of a percentage point.

Three industries each contributed -0,1 of a percentage point to GDP growth, namely electricity, gas and water (-5,5% growth rate), trade (-0,4% growth rate) and general government (-0,7% growth rate).

Expenditure on GDP

Expenditure on real gross domestic product grew by 2,1% in the third quarter of 2017. The second quarter growth rate was revised from 2,4% to 2,7% after the incorporation of revised data sources.

Final consumption expenditure by households increased by 2,6% in the third quarter 2017, contributing 1,6 percentage points to total growth. The four largest contributors were household furnishings and equipment (5,5% growth rate and contributing 0,4 of a percentage point), health (5,4% and 0,4 of a percentage point), transport (5,4% and 0,8 of a percentage point) and communication (9,7% and 0,4 of a percentage point). The positive growth in transport followed seven consecutive quarters of contraction.

Final consumption expenditure by general government decreased by 0,5%. A decrease in employment numbers was reported.

Gross fixed capital formation increased by 4,3% in the third quarter of 2017. The largest contributor to growth was transport equipment, which increased by 37,5% and contributed 3,7 percentage points to growth in GFCF. Machinery and equipment increased by 7,9% and contributed 2,5 percentage points.

There was a R5,5 billion drawdown of inventories in the third quarter of 2017.

Net exports contributed positively to the growth rate of expenditure on GDP. Exports of goods and services decreased by 10,3% and imports decreased by 13,7%.

Exports of mineral products, base metals and precious metals were down, while exports of agricultural products were up in the third quarter of 2017.

Imports of mineral products, machinery and equipment and vehicles and transport equipment contributed to the decline in imports in the third quarter of 2017.


Media enquiries:?????????????????????????????????????????????? Technical enquiries:

Trevor Oosterwyk??????????????????????????????????????????????????????? ? ? ? ? ? ? ? ? ??????????????? ? ? ? ? ? ?? ????? ? ? ? ? ? ? ?? Michael Manamela

Chief Director: Communications???????????????????????????????? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?? ? ? Chief Director: National Accounts ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ??? ?

012 310 4687 / 082 908 9104??????????????????????????????????? ? ? ? ? ? ? ? ?? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?? ?? ? 012 310 8520 / 082 888 2205






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Bumper harvest helps keep economy afloat - ●北京赛车助赢 Tue, 05 Dec 2017 09:38:15 +0000 read more »
The South African economy grew by 2,0% in the third quarter of 2017 (seasonally adjusted and annualised), down from a revised 2,8% in the second quarter. Agriculture, mining and manufacturing were the main drivers of the expansion, while there was a contraction in general government services resulting from low employment numbers in the public sector.

After recording an increase of 38,7% in the second quarter, the agriculture industry continued to power ahead, expanding by 44,2% in the third quarter.1


This is the largest quarterly jump in agriculture production since the second quarter of 1996. Increased production of field crops and horticultural products were the main contributors to growth, with notable increases in the production of maize and vegetable products.

This season’s maize crop is expected to be the largest on record. The Crop Estimates Committee? have pegged commercial maize production for this season at 16,74 million tonnes, more than double the 7,78 million tonnes produced last year (2015/16), and higher than the current record of 14,66 million tonnes harvested in 1980/81.2

Mining and manufacturing were the other major contributors to economic growth in the third quarter. Increased gold and platinum production saw the mining industry grow by 6,6%, while the 4,3% rise in manufacturing was spurred on by increased production of both petroleum and metal products.

Finance and business grew by 1,2%, helped along by increased activity in financial mediation, insurance and auxiliary services. There was also positive growth in personal services (0,9%) and transport and communication (0,6%).

Four industries, however, saw a decline in economic activity in the third quarter. Falling employment numbers in the public sector saw general government services posting its third consecutive quarter of negative growth, contracting by 0,7%. Other notable industries that saw a decline were trade and electricity, water and gas. Despite a rebound in retail trade sales, falling wholesale trade sales pulled the trade industry down by 0,4%. The electricity, water and gas industry experienced a 5,5% contraction, a result of falling electricity generation and demand.

Other highlights from the third quarter 2017 GDP release:

  • Unadjusted real GDP was up by 0,8% year-on-year in the third quarter of 2017.
  • The South African economy grew by 1,0% in the first nine months of 2017 compared with the first nine months of 2016.
  • Nominal GDP in the third quarter was estimated at R1,17 trillion.
  • Expenditure on GDP grew by 2,1% in the third quarter, spurred on by a rise in household consumption spending and fixed investment. There was, however, a fall in government consumption spending. Exports were down, but imports were down more, resulting in an improvement in net exports (i.e. exports less imports) and, consequently, a positive contribution to total growth from the external sector.

Download the latest GDP release and media presentation here.

1 Unless otherwise stated, growth rates are quarter-on-quarter, seasonally adjusted and annualised, and in real (volume) terms.

2 Crop Estimates Committee (CEC) data are available here.

An overview of the various ways in which GDP is measured is covered here.

Similar thematic stories are available on the Stats SA website and can be accessed?here.



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Stats Biz – November 2017 - ●北京赛车助赢 Mon, 04 Dec 2017 07:00:22 +0000 read more »
Want to know how your taxes are spent? Stats SA recently published a breakdown of government spending for 2015/16. Did you know that more money was spent on servicing debt than on tertiary education, and more on defence than on environmental protection? Explore what else government spends money on, as well as other stories, in this edition of Stats Biz.

Download Stats Biz – November 2017

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Infographic: Government’s spending priorities - ●北京赛车助赢 Fri, 24 Nov 2017 06:44:59 +0000 read more »
Stats SA recently released a complete overview of total government spending for 2015/16, providing insight into where your tax contributions have gone. Did you know that more money was spent on the police than on primary education, and more on defence than on environmental protection? Have a look at this infographic for more.


According to the latest Financial statistics of consolidated general government report,1 general services accounted for a quarter of government spending in 2015/16 (click on the infographic to enlarge). Within this, debt payments accounted for 9% (of the total) and executive, legislative and financial services accounted for 12%. The latter includes the funding of general government services provided by institutions such as SARS, the National Treasury, the Auditor-General of South Africa (AGSA), the Financial and Fiscal Commission (FFC), parliament, and the various legislatures.

Not surprisingly, big priorities for government are education and social protection (which includes the payment of social grants). Together these two items contributed 32% of total spending.

Total government spending amounted to R1,52 trillion in 2015/16. To put this into perspective, that’s an average of R27 600 per person if we consider South Africa’s population of 54,96 million people (2015 estimate).2

If you look a little closer at the infographic, you will notice that government spent more money on servicing its debt than it did on items such as housing, police, tertiary education and hospital services. Almost R129 billion was spent on public debt payments in 2015/16.

In fact, the contribution of debt payments has slowly crept up over the years. In 2011/12, it was 7,2%, rising in 2012/13 (7,4%), 2013/14 (7,8%) and 2014/15 (8,4%). In 2015/16 it rose only slightly to 8,5% (rounded off to 9% in the infographic).

While the infographic breaks expenditure down by function, spending can also be expressed in economic terms, providing an indication of how much money was paid towards salaries and goods and services. If we remove capital expenditure from the R1,52 trillion in 2015/16, we’re left with R1,37 trillion.

Compensation of employees contributed 40,6% of the R1,37 trillion, the largest expenditure item in economic terms. The second largest item was purchases of goods and services, contributing 21,9%.

How does this compare with other industries? Other than government, real estate and business services recorded the highest percentage of spending on employment costs.3











Where did the South African government get the money to fund the spending outlined above? From taxes, mostly. For the 2014/15 release of the Financial statistics of consolidated government, Stats SA published an article outlining the different types of taxes that government relies on the most.4

Not much changed in 2015/16. For every rand of total revenue generated in 2015/16, 86c was received in the form of tax. Breaking this down further, 29c of the 86c was collected in the form of personal tax, 21c from VAT, 16c from businesses, 10c from excises and 10c from other taxes.

Total government revenue, which includes taxes and other forms of income, amounted to R1,35 trillion in 2015/16. Immediately you can see that, with total spending of R1,52 trillion, the South African government spent more than it earned.

For more information, download the latest Financial statistics of consolidated general government report here.


1 The Financial statistics of consolidated general government report consolidates financial data from five levels of government: national, provincial, local, extra-budgetary accounts and higher education institutions, providing an overarching picture of total government income and expenditure. The report measures the impact of both the economic and functional effect of general government spending, gauging the extent of the cost of certain functions (for example, health, education, defence) against their economic impacts (for example, compensation of employees and interest paid).

2 Mid-year population estimates, 2015 (download the report here).

3 Financial data for the formal business sector are available from the Annual financial statistics (AFS) report for 2016. Download it here.

4 How important is your tax money? (read the article here).

Similar thematic stories are available on the Stats SA website and can be accessed?here.

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African Statistics Day 2017: 4 facts about our economy - ●北京赛车助赢 Fri, 17 Nov 2017 13:47:41 +0000 read more »
“Better lives with better economic statistics.” This is the theme for African Statistics Day 2017, taking place on 18 November. In celebration of this prestigious day, Stats SA explores the archives to find four facts on the South African economy that you might have missed.

African Statistics Day was initiated by the United Nations to raise awareness about the critical role that statistics play in social and economic development on the continent. The theme for 2017 focuses on “the critical role economic statistics plays in underpinning economic governance that leads to durable growth”.1

These four facts cover aspects of the South African economy that have an influence on issues around employment, poverty and the natural environment.


Fact #1: South Africa has had 8 recessions since 1961


Using the widely accepted measure of ‘recession’ as two (or more) consecutive quarters of negative growth (real GDP quarter-on-quarter), South Africa has experienced eight economic recessions since 1961. The longest recession occurred over 1991 and 1992, mainly as result of a global economic downturn.2

There have been two recessions since 1994. The first, in 2008–2009, spanned three quarters as the country became caught up in the global financial crisis.

The most recent occurred over the last quarter of 2016 and the first quarter of 2017. By the second quarter the South African economy was out of recession, with agriculture being the prominent industry aiding recovery, spurred on by increased crop production after the drought.3

The Crop Estimates Committee (CEC) is estimating a record crop for 2017. The CEC expects the country to produce 16,7 million tonnes of commercial maize in 2017, more than double than last year’s harvest, and higher than the current record of 14,7 million tonnes produced in 1981.4

Stats SA will publish updated GDP figures for the third quarter of 2017 on 5 December 2017 at 11h30. So watch this space to see how the economy is doing.


Fact #2: We have 39 years of gold left


At current production levels, South Africa has only 39 years of accessible gold reserves remaining, whereas the country still has 335 years of platinum group metal reserves and 256 years of coal reserves. This is according to Stats SA’s latest Environmental Economic Accounts Compendium.5

Once the world’s top producer of gold, dwindling gold reserves have implications for future policies related to the economy, mining and employment.

The influence of mining, as well as manufacturing, on the economy has waned over the decades. Manufacturing was the largest industry in 1980, contributing 22% to GDP. In other words, for every R100 of value add that the South African economy produced that year, R22 was due to manufacturing. By 2016, its contribution had fallen to 13%.

Mining’s contribution increased during the 1970s and peaked at 21% in 1980. Contributing to the upward surge in 1980 was a relatively high gold price. In 1987, mining employed just over 760?000 individuals. In 2016, the industry contributed only 8% to GDP, employing 438?000 individuals in the third quarter of that year.6

Agriculture also slipped in economic ranking to fall from seventh to tenth place, contributing 2% to GDP in 2016.


Fact #3: Once king, mining has lost ground

As the primary and secondary sectors of the economy have waned, tertiary industries have taken centre stage. The most notable climber in the graphic above is finance and business services, rising from fourth place in 1980 to become the largest industry in 2016. Government is not far behind, rising in the ranks to take second spot.


The tertiary sector, which includes finance, business, trade, government, transport and personal services, currently contributes the bulk of South African economic production.7

The cosmograph above (click on the image to enlarge) provides a perspective on the size of the country’s three sectors as well as the provincial economies. Tertiary sector activities are concentrated in Gauteng, KwaZulu-Natal and Western Cape. The same three provinces host the bulk of secondary sector activities, which include manufacturing, construction and utilities. The primary sector is the smallest, concentrated in provinces such as Mpumalanga, Limpopo and North West.

Gauteng is the largest economy, having contributed R34 for every R100 of national economic production in 2015. KwaZulu-Natal comes in second (R16), followed by Western Cape (R14).


Fact #4: River quality has dropped

Water is a vital resource for the economy. No water, no agriculture. No agriculture, no food. Yet the expansion of agriculture, as well as other industries, which are often harmful to rivers, presents us with trade-offs that need to be carefully weighed. Feeding our dams with precious water, our river ecosystems carry life into our fields, homes and factories.

The National River Ecosystem Accounts for South Africa discussion document shows that our rivers were worse off in 2011 than they were in 1999.8 The Ecological Condition Index (ECI), introduced for the first time as a pilot index in this document, provides an indication of overall ecological health on a scale from 0 to 100, where 100 is the reference condition prior to human modification, and 0 is where natural ecosystem function has become totally lost.


River health declined overall, with the ECI falling from 83 in 1999 to 72 in 2011. The graph shows that lowland rivers have borne the brunt of the decline, exhibiting the largest drop in the ecological index compared with other river types.

The Limpopo Water Management area experienced the most dramatic fall, with its ECI dropping by 21 points, from 83 in 1999 to 62 in 2011. The evidence suggests that increased pressure from mining activities and agriculture in that region, as well as poor waste water management, contributed to the decline.

The state of the economy has an impact on your life, as well as on the lives of others living in your home and in your community. Stats SA will continue to provide a wide range of economic statistics. As the United Nations has stated for African Statistics Day 2017: “Availability and appropriate use of good economic statistics can translate into better lives for people through providing evidence as a base for policy and decision-making by the nation or by firms, households, and citizens.”


1 For more information on African Statistics Day, visit

2 The South African economy shrinks by 0,7% (read here).

3 Agriculture and finance help lift SA out of recession (read here).

4 Current Crop Estimates Committee (CEC) data are available?here. Historical data are available?here.

5 Mining: a brief history (read here).

6 Quarterly Labour Force Survey (QLFS), 3rd quarter 2016 (download here).

7 Your job, your economy, your province (read here).

8 Four facts about our rivers you probably didn’t know (read here).

Similar thematic stories are available on the Stats SA website and can be accessed?here.



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Formal business sector debt in 2016 - ●北京赛车助赢 Thu, 16 Nov 2017 13:31:25 +0000 read more »
South African businesses are borrowing more money. The amount of debt held by the formal business sector1 was up 5,9% in 2016 compared with 2015. Total debt amounted to R5,7 trillion in 2016.

The rise in debt was observed in eight of the nine industries, according to Stats SA’s latest Annual financial statistics (AFS) release2. Industries reporting an increase in debt in 2016 compared with 2015 were forestry and fishing (up 19,4%), construction (up 16,9%), transport and communication (up 12,2%), trade (up 11,8%), community, social and personal services (up 11,6%), electricity and water supply (up 11,4%), manufacturing (up 8,9%) and business services (up 1,4%).

The mining industry, however, saw its total debt decline by 10,8%.

Is an increase in debt a good or a bad thing? The answer is, it depends. Businesses borrow money for various reasons. Debt can be used to increase operating capacity to meet future demand, by investing in machinery and equipment, for example. Debt can also be used to meet urgent financial requirements without issuing shares, or to keep a business afloat in difficult times.

Why do companies choose debt knowing how costly it can be? Companies can instead opt to offer additional shares to raise funds. With debt, a company is legally required to pay back the principal amount of a loan as well as any additional interest. There is no requirement to repay money that shareholders have invested. Dividends, which might be paid to shareholders when a profit is made, are issued at the discretion of the business.

Share financing might seem like the cheaper option, but it comes with particular disadvantages that can make it less attractive over the long term. During an economic downturn, shareholders might not want to take on the risk of investing in a business, leaving debt financing as the only option. Share financing can be quite volatile as it depends on shareholder decisions on when to buy and sell shares.

When investors buy shares in a business, they effectively become part owners. In some cases they also become involved in a business’s decision making processes. This might seem unattractive to businesses who might not want to dilute ownership.

So debt remains an attractive option for many businesses.

The rand value of debt on its own does not give an indication of whether debt is contributing to business performance. Something more is required, and this comes in the form of accounting ratios. Accounting ratios are widely used to compare two or more variables on a financial statement that have a relationship with one other. When it comes to debt, some of the most commonly used accounting ratios are the debt-to-equity ratio and the quick ratio.

The debt-to-equity ratio provides a measure of how much debt (both current and non-current liabilities) a business or industry has incurred to finance its operations relative to equity. Equity refers to the total value of shares held by all shareholders and profits retained from previous years.

The debt-to-equity ratio is an indication of reliance. It answers the question: how much does a business depend on debt? A ratio higher than 1 indicates that more debt (e.g. bank loans) is being used to finance operations. A ratio lower than 1 indicates more reliance on capital from investors.












Since 2009, South African businesses have relied more on debt than on equity to fund their operations. For every rand of equity used in 2009, businesses utilised R1,74 in the form of debt. This has fluctuated over the years, with the ratio at R1,86 in 2016.











The construction and trade industries had the highest debt-to-equity ratios for both 2009 and 2016. All industries increased their dependence on debt, with the exception of manufacturing, business services, and community and social services.

The quick ratio, the second accounting measure explored here, provides an indication of how easily a business can meet its short-term (current) debt obligations using assets that can be quickly turned into cash. If the ratio is above 1, a business is in a position to immediately pay off its short-term debt if it’s forced to do so. The higher the ratio, the better a business’s liquidity position.











The quick ratio for the South African formal business sector was 0,87 in 2016, lower than the ratio of 1,01 recorded in 2009. For every rand of short-term debt in 2016, businesses had 87c in the form of liquid assets. This is not enough to immediately pay back short-term liabilities.











Forestry and fishing, community and social services and construction were the only industries that recorded a quick ratio higher than 1 in 2016, while trade and mining had the lowest. Business services saw a decline in its quick ratio from 1,43 in 2009 to 0,99 in 2016, and mining fell from 0,92 to 0,69.


1 Formal business includes private businesses and public corporations.

2 Download the latest Annual financial statistics (AFS) release here. The AFS survey measures the financial health and performance of each industry, including information on turnover, purchases, and capital expenditure. The report sources data from the financial statements of enterprises (i.e. private businesses and public corporations) in all industries, with the exclusion of agriculture and hunting; government and educational institutions; and financial intermediation, insurance and business services not elsewhere classified.

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Mbalo Brief – November 2017 - ●北京赛车助赢 Thu, 16 Nov 2017 06:38:30 +0000 read more »
Black Friday is coming to our stores once again. This is one holiday that is known to usher in the festive season shopping and most shoppers always welcome it with excitement as it gives them a perfect opportunity to do their Christmas shopping or buy the goods they have been eyeing for a while at a discount and save a few Rand. Many stores offer great deals from clothing, gadgets, food and even flight discounts and most retailers have already started sending out the Black Friday catalogues to help shoppers plan their purchases beforehand. Black Friday started in the Unites States in the 1950s and from 2011, it started catching on in South Africa. With such discount deals, it’s always best to budget well and to make a shopping list to avoid spontaneous purchases that will be regretted later.
This Month’s issue of Mbalo Brief is our last issue for the year. We hope that you had as much pleasure in reading our newsletter as we had in producing it for you. To all those in Matric, all the best with your final exams and may your new journey in 2018 be a fruitful and productive one. Ensure to buckle up this festive season, keep safe and most importantly, have lots of fun.
Included in this month’s issue of Mbalo Brief are our monthly articles such as the Retail trade sales, Tourist accommodation, Food and beverages and others. Once again, we have our monthly crossword puzzle to tickle those brain cells and we also provide the solutions to the October 2017 puzzle.
Articles published in this issue are based on results of industry surveys conducted for the months ranging from August to September 2017.

Download:?Mbalo Brief – November 2017

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The SA business sector: turnover and profit - ●北京赛车助赢 Wed, 08 Nov 2017 11:29:58 +0000 read more »
The formal business sector, excluding agriculture and financial intermediation, generated R2,3 trillion in turnover during the second quarter of 2017, i.e. the months of April, May and June. Who was responsible for generating this amount?

Stats SA’s Quarterly Financial Statistics (QFS) report, which provides regular updates on the financial state and makeup of South Africa’s formal business sector, provides us with a breakdown.

According to the report, the trade sector is the largest player in the business landscape, contributing 36% to the R2,3 trillion. Manufacturing takes second place, followed by business services (click on the image to enlarge).


But simply taking turnover on its own as a measure of commercial success doesn’t provide a complete account. As in all areas of life, costs are inevitable, eroding any turnover that is generated.

The two largest expenditure items faced by South African businesses are purchases, taking up 61% of total spending, and employment costs (14%). Other items measured (including interest on debt, hiring of vehicles and machinery, royalties, and renting of buildings) contribute about 10%. The miscellaneous category, referred to as “other expenditure”, is responsible for the remaining amount.

After all this spending, including tax and adjustments for inventories, the R2,3 trillion in turnover generated by the South African business sector was whittled down to R256 billion. This is profit earned after tax.

Simply knowing how much profit was generated doesn’t provide us with a full indication of business performance. Context is required, and this is achieved by using a handy accounting measure called the profit margin ratio.

By comparing two or more financial values where a relationship exists, accounting measures allow the analyst to dig a little deeper into the financial data.

The profit margin ratio is calculated by dividing the profit or loss after tax by total sales or turnover. Simply stated, the ratio indicates how much of each rand earned by the industry in turnover is translated into profit.

Overall, the South African business sector earned 11 cents of profit for every rand of turnover generated in the second quarter of 2017.

As mentioned earlier, trade earned the bulk of total turnover. In terms of profit margin, the industry was ranked fifth in the second quarter of 2017, at 4 cents for every rand of turnover generated. Business services took the top spot as the industry with the highest profit margin ratio, followed by personal services, manufacturing and transport. Construction was in sixth place, with 2 cents of profit for every rand of turnover generated.

The electricity, gas and water supply industry, as well as mining, experienced losses, however. For electricity gas and water, it was the third consecutive quarter in which the industry spent more than it earned.

An annual review of how formal business sector has performed, for the year 2016, will be published in Stats SA’s Annual Financial Statistics (AFS) report. This is due for release on 15 November 2017. So watch this space!

Download the latest Quarterly Financial Statistics (QFS) report 北京赛车助赢.

Similar thematic stories are available on the Stats SA website and can be accessed?here.


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