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Statistical Releases

Report reveals drop in insolvencies for South Africa, but challenges remain
4th March 2024 By: Sabrina Jardim

Trade credit insurance company Allianz Trade has released its latest ‘Global Insolvency Report’, unveiling updated forecasts for 2024 and 2025. According to Allianz, global insolvencies are set to... 


Consumers
South African inflation picks up in January
21st February 2024 By: Reuters

South Africa's headline consumer inflation quickened to 5.3% year on year in January from 5.1% in December, data showed on Wednesday. Key contributors to the annual inflation rate included food,... 


metal works with sparks
Metals, engineering output up 1.7% but still far below 2008/9 peak
20th February 2024 By: Darren Parker

While aggregate production in the South African metals and engineering sector increased by 1.7% last year, which is slightly higher than the 1.5% increase in 2022, it remains 18% below where it was... 


African flags
Africa's economic growth fell to 3.2% in 2023, says AfDB
16th February 2024 By: Reuters

Africa's economic growth fell to 3.2% last year from 4.1% in 2022, the African Development Bank said on Friday, but it projected higher growth this year for all regions except central Africa. The... 


Sasol Secunda
Sasol warns of lacklustre interim results amid volatile macroeconomic environment
9th February 2024 By: Darren Parker

Energy and chemicals company Sasol has attributed its “underwhelming” upcoming financial results for the six months ended December 31, 2023, to continued volatility in the macroeconomic... 


South African flag and R2 coin
Sacci business confidence index shows incremental improvements
8th February 2024 By: Darren Parker

The South African Chamber of Commerce and Industry (Sacci) has revealed that its business confidence index (BCI) for December last year reached a notable 112.1, marking the second-highest level for... 


petrol pumps
Petrol, diesel prices to go up by more than 70c/ℓ on Wednesday
6th February 2024 By: Darren Parker

Both 93 and 95 unleaded petrol (ULP) and lead replacement petrol (LRP) are going to cost an additional 75c/ℓ from February 7. The cost of diesel is also going to increase. For 0.05% sulphur diesel,... 


Report reveals decline in entrepreneurial activity in South Africa post-pandemic
1st February 2024 By: Sabrina Jardim

According to the latest ‘2023 Global Entrepreneurship Monitor South Africa’ (GEM SA) report, released on February 1, South Africa’s early-stage entrepreneurial activity has declined to below... 


coal fired power stations
Global climate action insufficient to meet 2050 goal of 1.5 °C limit – report
8th January 2024 By: Darren Parker

Global emissions, which are continuing to rise by 1.5% a year, must be cut by 7% every year until 2030 to limit global warming to 1.5 °C, as agreed by countries that signed the Paris Agreement in... 


The Durban Container Terminal
Absa PMI ends 2023 on stronger footing as December business activity rises
8th January 2024 By: Darren Parker

Financial institution Absa’s Purchasing Managers’ Index (PMI) closed out 2023 on a somewhat stronger footing, rising by 2.7 points to 50.9 index points in December.  Absa said on January 8 that... 


Basic income grant can reduce poverty, boost economic growth – Study
12th December 2023 By: Sane Dhlamini

A new report titled 'Macroeconomic and Developmental Impacts of Selected Basic Income Grant (BIG) Pathways for South Africa' by Applied Development Research Solution (ADRS) and the Institute for... 


Image of NRF CEO Professor Fulufhelo Nelwamondo at the u'GOOD launch
NRF launches youth-centred research programme in partnership with Swiss Fondation Botnar
8th December 2023 By: Sane Dhlamini

South Africa’s National Research Foundation (NRF) CEO Professor Fulufhelo Nelwamondo on Friday stressed the vulnerability of African youth in terms of their well-being, as he announced the launch... 


A glass glob perched on green moss signifying a global drive to a greener economy
COP 28 to host fossil fuels debate
1st December 2023 By: Halima Frost

This year’s Conference of the Parties to the United Nations Framework Convention on Climate Change, referred to globally as COP 28 and being held from November 30 to December 12 in Dubai in the... 


factory emissions
Global emissions growing instead of diminishing – survey
16th November 2023 By: Darren Parker

The world needs to reduce its emissions by 70% a year until 2030 in order to reach the goal of keeping the global temperature increase to 1.5 °C above preindustrial levels, but global emissions... 


South Africa shows economic resilience – Allianz report
13th November 2023 By: Darren Parker

According to a new global insolvency report published by credit insurer Allianz Trade, operating in South Africa through the Allianz Commercial licence, economic resilience has been tested and... 


BLSA CEO Busi Mavuso
Visa backlogs causing critical skills deficit, undermining economy
13th November 2023 By: Darren Parker

A lack of critical skills is holding back the South African economy, Business Leadership South Africa (BLSA) CEO Busi Mavuso has said, adding that the country is not solving the problem as fast as... 


South African economy to slow down this year before stabilising in 2024
30th October 2023 By: Darren Parker

South Africa's economic growth is projected to decelerate from 1.9% in 2022 to 0.4% this year, before picking up to 1.3% in 2024, according to data and analytics company GlobalData.  This comes as... 


Finance Minister Enoch Godongwana
Tax shortfall lumps South Africa with no-good-news Budget
30th October 2023 By: Bloomberg

South African Finance Minister Enoch Godongwana is in a bind as he reworks the nation’s budget in the face of lower-than-expected tax revenue and pressure from the ruling party to bolster... 


Consumers
Inflation rises sharply, raising concern about interest rates
18th October 2023 By: News24Wire

Annual consumer price inflation ticked up to 5.4% in September from 4.8% in August, the second consecutive increase. It was in line with economists' expectations. The main contributors to the... 


South African Rand
South Africa set to topple Nigeria to regain mantle as continent’s biggest economy
17th October 2023 By: Bloomberg

South Africa is set to briefly overtake Nigeria and Egypt as the continent’s largest economy next year, International Monetary Fund forecasts show. The IMF’s World Economic Outlook envisions South... 


Business confidence remains passive – Sacci
12th October 2023 By: Simone Liedtke

The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) continues to “lack substantial upward momentum”, the chamber said on October 12, reporting that the index... 


Bleak outlook for third-quarter economic growth in South Africa
11th October 2023 By: Darren Parker

September reflected another month of weakened economic activity in South Africa, indicating bleak prospects for the economy’s growth in the third quarter, automated clearing house BankservAfrica’s... 


Corruption watch
Massive deviation in public entity procurement procedures not necessarily cause for alarm – report
20th September 2023 By: Thabi Shomolekae

Stellenbosch University expert Professor Geo Quinot noted on Wednesday that with public procurement being susceptible to corruption, with large sums of money involved, pressure must continue to be... 


cement being smoothed
PPC reports 5% y/y growth in South Africa and Botswana cement business
20th September 2023 By: Darren Parker

The revenue for cement manufacturer PPC’s South Africa and Botswana divisions for the five months ended August 31 increased by 5% year-on-year, the company reported in an operating update on... 


Consumers
Inflation ticks higher - despite lower food prices
20th September 2023 By: News24Wire

Annual consumer price inflation picked up slightly to 4.8% in August from 4.7% in July - the first increase in four months. After many months of big hikes, some food prices started to fall, but... 


Forex shortage challenging intra-Africa trade
19th September 2023 By: Cameron Mackay

Intra-country trade across Africa is stuttering as businesses struggle to find the foreign currency, most notably the dollar, needed to pay for imports. This shortage has been caused by the... 


CAMM founding director and GIBS economics lecturer Dr Adrian Saville, Business Unity South Africa CEO Cas Coovadia, Industry Insight CEO Elsie Snyman, PPC South Africa and Botswana MD Njombo Lekula, CAMM research associate Francois Fouche, and Cement and Concrete South Africa CEO Bryan Perrie
New report highlights how imported cement destabilises the economy
13th September 2023 By: Darren Parker

The negative impact on the South African economy caused by substituting local cement production with imported cement was highlighted in a report released by cement manufacturer PPC in conjunction... 


CAMM founding director and GIBS economics lecturer Dr Adrian Saville
Economist gives bleak outlook for South Africa’s economic future
13th September 2023 By: Darren Parker

In a stark assessment of South Africa's economic performance Centre for African Management and Markets (CAMM) founding director and Gordon Institute of Business Science (GIBS) economics lecturer Dr... 


Just Share reports slow progress on gender diversity in leadership roles at JSE Top 40
12th September 2023 By: Cameron Mackay

Nonprofit organisation Just Share has released the results of a study assessing gender equality at board and executive level at the JSE Top 40. “While women make up 46% of South Africa’s... 


Survey shows improved Southern African private equity performance
7th September 2023 By: Cameron Mackay

Management consulting company EY Africa private capital leader and partner Graham Stokoe on September 7 discussed key findings of the Southern African Venture Capital and Private Equity... 


A solar and battery powered microgrid developed and built by Eskom at the Swartkop dam in the Northern Cape
Microgrid roll-out gaining traction
25th August 2023 By: Halima Frost

After the successful commissioning of State-owned power utility Eskom’s third microgrid, at the Swartkop dam, in the Northern Cape, the company aims to launch its next two microgrids at Nomalengena... 


Steel rolls
Global crude steel production up 6.6% y/y in July
22nd August 2023 By: Darren Parker

Global crude steel production for the 63 countries reporting to the World Steel Association increased by 6.6% year-on-year to 158.5-million tonnes in July. Africa witnessed a surge in production to... 


Youth employment initiative results in 85 placements
28th July 2023 By: Darren Parker

The South African Property Owners Association (Sapoa) and the National Business Initiative (NBI) Youth Employment Initiative, which was launched earlier this year in a bid to help unemployed... 


DTIC aims to improve awareness on AfCFTA through outreach programme
25th July 2023 By: Darren Parker

The Department of Trade, Industry and Competition (DTIC) has embarked on provincial outreach and awareness workshops in collaboration with provincial governments, wherein it hopes to have engaged... 


Manufacturing production increased by 2.5% y/y in May
11th July 2023 By: Cameron Mackay

Statistics South Africa has reported that manufacturing production increased by 2.5% in May this year compared with May last year. The largest contributions were made by the motor vehicles, parts... 


The Joburg CBD
Global economic slowdown will not be as severe as initially thought – BMI
7th July 2023 By: Darren Parker

The global economy is on track for a significant slowdown compared with last year, although the deceleration is not expected to be as severe as initially anticipated, research company BMI, a Fitch... 


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