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Jan 07, 2010
Business confidence, which had shown considerable volatility in 2009, would likely reach a higher average this year, after reaching a seven-year low in 2009, the South African Chamber of Commerce and Industry (Sacci) said on Thursday. Reporting on the results of its...
Dec 07, 2009
Article contains comments
Science and Technology Minister Naledi Pandor on Monday expressed concern about a decline in the percentage of gross domestic product (GDP) spent by South Africa on research and development (R&D) in the 2007/8 financial year. She pointed out during a media briefing...
Dec 03, 2009
Business confidence remained under pressure, despite the South African Chamber of Commerce and Industry (Sacci) business confidence index (BCI) having improved by 1,9 index points to 84,1 points in November, Sacci economist Richard Downing pointed out on Thursday....
Dec 01, 2009
The Kagiso Purchasing Managers Index (PMI), which is a key measure of manufacturing activity, has finally risen back above the neutral 50-index point level in November, but the rebound in South Africa’s manufacturing sector could be muted compared with historic...
Nov 25, 2009
The Rand Merchant Bank (RMB) Bureau of Economic Research (BER) business confidence index rose to 28 points during the fourth quarter of this year, its first increase since “sharp and persistent” declines saw the index drop from 85 points in the third quarter of 2006...
Nov 18, 2009
Despite dropping two points to 51 in October, the South African Chamber of Commerce and Industry’s (Sacci’s) Trade Activity Index (TAI) remained in positive territory, a trend that was expected to continue in the short term. Sacci on Wednesday reported that the TAI...
Oct 16, 2009
Although South Africa has experienced slight improvements over past few years in areas, such as the availability of qualified engineers and an uptick in skilled labour, more work is needed in support of efforts to build a highly competitive economy, said Productivity...
Oct 13, 2009
The downward spiral in the residential building sector was probably close to a bottom, First National Bank (FNB) chief economist Cees Bruggemans reported on Tuesday, adding that the normalisation of the destocking cycle of building merchants at the retail level had...
Oct 13, 2009
Oct 09, 2009
Oct 09, 2009
Article contains comments
Oct 06, 2009
Oct 01, 2009
Article contains comments
It is imperative that business and investor confidence be prioritised in new policy proposals and policy implementation in order for South Africa to “raise the tempo” of fixed investment and to “provoke a stronger path” to economic recovery, South African Chamber of...
Oct 01, 2009
September’s Kagiso Purchasing Manager’s Index (PMI), which jumped to 48 points, had shown signs of life in the domestic manufacturing sector for the first time since September last year, Kagiso Securities head of fixed income André Coetzee said on Thursday. The...
Sep 22, 2009
Employment in the formal nonagricultural sector declined by 0,8%, or 67 000 jobs, between the quarter ended March 31, 2009, and the quarter ended June 30, 2009, Statistics South Africa (Stats SA) reported on Tuesday. Stats SA’s quarterly employment survey (QES) had...
Sep 14, 2009
The Bureau for Economic Research (BER) on Monday said that its latest Manufacturing Survey has revealed a notable improvement in manufacturing business confidence, although it remains at low levels. The business confidence index came in at 22 index points, up from...
Sep 10, 2009
The Trade Activity Index (TAI) reached its highest level, so far, in 2009, in August, registering 44 points, the South African Chamber of Commerce and Industry (Sacci) reported on Thursday. Although still below the neutral 50 point level, this was two points higher...
Sep 09, 2009
The Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) Business Confidence Index slipped to a ten-year low of 23 points in the third quarter of the year. The three-point quarter-on-quarter decline was a result of a continued decline in the retail sector,...
Sep 09, 2009
South Africa fell two places in the latest Doing Business report, published by the International Finance Corporation (IFC) and currently ranked at 34 out of 183 countries. The annual survey analyses regulations that apply to an economy’s businesses, including...
Sep 03, 2009
South Africans consumed 19 484 GWh of electricity in July, 2,1% less than the electricity the country consumed in July 2008, Statistics South Africa (Stats SA) said in a statement on Thursday. Electricity consumption was also down by 2,1% month-on-month, while...
Sep 03, 2009
With the South African economy finding it difficult to gain momentum, the South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) remained “virtually unchanged” at 83 points in August. This was 0,2 points lower than the July figure,...
Aug 26, 2009
South Africa's targeted consumer inflation slowed to 6,7% year-on-year in July, slightly above expectations, from 6,9% in June, official data showed on Wednesday. Statistics South Africa said headline CPI stood at 1,1% on a monthly basis in July compared with 0,4%...
Aug 18, 2009
Economists were hopeful on Tuesday that the third quarter of the year would produce an even smaller contraction in gross domestic product (GDP) than the 3% quarter-on-quarter contraction recorded in the second quarter, while the final quarter would likely show a...
Aug 18, 2009
South Africa's economy remains stuck in a recession, according to gross domestic product (GDP) data released by Statistics SA on Tuesday. The economy contracted once again in the second quarter of the year, according to the Pretoria-based agency.
Aug 12, 2009
Despite trade conditions remaining in negative territory and the Trade Activity Index (TAI) staying below the 50 point index level, it improved to 42 points in July, compared with 39 points in June, the South African Chamber of Commerce and Industry (Sacci) reported...
Aug 06, 2009
Article contains comments
South Africa’s electricity consumption dropped by 3,4%, or 699 GWh, year-on-year in June, with 19 816 GWh consumed, Statistics South Africa (Stats SA) reported on Thursday. This was 1% higher than the electricity used the month before. Consumption in the second...
Aug 05, 2009
South Africa’s economy was at a “tipping point” and could be adversely affected if it was not appropriately managed and if restraint was not exercised in terms of a number of issues, the South African Chamber of Commerce and Industry (Sacci) said on Wednesday....
Aug 03, 2009
The Kagiso Purchasing Managers Index (PMI) in July dropped back to its May level of 37,3 index points, a “disappointing” performance in comparison with the global PMI, Kagiso Securities said on Monday. The PMI, which is a key measure of manufacturing activity, in...
Jul 30, 2009
South Africa’s producer price inflation (PPI) declined by a record 4,1% in June, Statistics South Africa (Stats SA) reported on Thursday, with an analyst saying that the PPI would likely continue on a deflationary trend for the rest of the year. The June PPI was...
Jun 29, 2009
The number liquidations in May increased by 6,8% year-on-year to 283, while the total number of liquidations recorded between January and May had now increased to 1 640, Statistics South Africa (Stats SA) reported on Monday. This 36,8% increase over the past five...
Jun 23, 2009
The number of people employed in the formal non-agricultural business sector in South Africa declined by 2,1% or 179 000 people in the first quarter of 2009, Statistics South Africa’s (Stats SA’s) Quarterly Employment Statistics (QES) survey shows. At the end of...
May 18, 2009
In what is arguably the first significant confirmed shift in economic reporting responsibilities to take shape under the new government structure outlined by President Jacob Zuma on May 10, South Africa’s statistical agency, Statistics South Africa, or Stats SA, will...
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