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
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
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
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
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
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