Tag Archives: GDP

Zuma Left South Africa on an Upward Growth Path

  While the “Ramaforia” continues in SA following the renewed positive sentiments and increased investor confidence due to the election  of president Cyril Ramaphosa, yesterday’s release of GDP figures points to the fact that Zuma left SA on a positive upward growth path. According to Stats SA, the economy expanded 1.3 percent last year, exceeding the National Treasury’s forecast of […]

» Read more

Ghana GDP up 4.9 Percent in Q1, 2016

The Ghanaian economy expanded by 4.9 percent year-on-year in the three months to March of 2016, following a downwarldly revised 4.1% percent expansion in the previous period. The agriculture sector advanced 2.8 percent (+1.7 percent in Q4), services expanded by 8.8 percent (+5.2 percent in Q4), while industry contracted by 1.1 percent, following a 7.2 percent growth in previous quarter. […]

» Read more

The South African Public Sector Now Consumes 40.6 % of Gross National Revenue in Public Sector Wage Bill.

By Sunburst Staff Johannesburg – Sunburst Africa –The south African public sector now employs 23.3 percent ( 2, 161,000) people out of the close to 9,000,000 non-farm formal sector employees- according to  Statistics South Africa (Stats SA) annual report. This is more than double what it was in 2005- a decade ago. One may argue that the government is creating […]

» Read more

The GDP figure for the 1st quarter 2015 shows that South Africa urgently needs Growth

By Vivian Atud If you know anything about statistics- you would know the saying “let the data speak”. Contrary to rhetoric by politicians and government officials that things are getting better, data released by Stats SA on Tuesday showed that South Africa’s real gross domestic product (GDP) at market prices increased by a mere 1,3 per cent during the first […]

» Read more

South African Market Review Quarter 1

By Vivian Atud   Johannesburg– Sunburst Africa–During the first quarter of 2015, SOUTH AFRICAN stock markets were buffeted by two substantial shocks. One may argue that the impact of these factors will continue into the second quarter. The all-share index lost 2.59 percent in the last 30 days of the first quarter and the trend may continue into the second […]

» Read more

Why Capital Flows into South Africa slowed in Fourth Quarter of 2014

By Vivian Atud What: According to the Reserve Bank’s Quarterly bulletin released earlier today- Tuesday March 17th 2015, capital into South Africa Slowed in fourth quarter as a proportion of GDP. The figures showed capital flows slowing down to 2.4 percent of Gross Domestic Product (GDP), or R23.3 billion from 6.1%, or R58.3bn, in the third quarter, the report showed […]

» Read more

Global Economic Data Expected this Week

Monday 2 February Worldwide manufacturing PMI data are issued by Markit. Fourth quarter GDP numbers are released in Russia. Building permits data are issued by Eurostat for the currency bloc. In Brazil, trade data are out. Spending data are meanwhile issued by the Bureau of Economic Analysis in the US. Tuesday 3 February A number of whole economy PMI surveys […]

» Read more

Expect an Increase in the Manufacturing & Sales Figures for November 2014 to be Released Later Today.

By Vivian Atud What: Statistics South Africa (Stats SA) will today at 13:00 p.m. release the manufacturing and sales figures for November 2014. Manufacturing remains a key sector of the South African economy. Figure 1: Breakdown of gross value added by industry, 2012 (proportions) (Source: Stats SA, 2013) According to figure one, manufacturing is a key sector and second biggest […]

» Read more

The MPC keeps Repo Rate Unchanged- What does this mean for ordinary consumers?

Following the announcement that the South African Reserve Bank has unanimously decided to keep the repo rate on hold – at 5.75% due to the lower trajectory of headline inflation and continued weak state of the economy, many south African are grappling with what this means for them and their consumption. Let me start by introducing my readers to the […]

» Read more