Consumer inflation stabilised at 3.2% in February 2025: Here’s what this actually means
South Africa’s consumer inflation remained at 3.2% in February, with food and medical costs rising. Here’s what that means for consumers.
South Africa’s consumer inflation remained at 3.2% in February, with food and medical costs rising. Here’s what that means for consumers.
South Africa’s gross domestic product (GDP) increased by 0.6% in the fourth quarter of 2024, following a decrease of 0.1% in the third quarter of 2024. This is according to Statistics South Africa (Stats SA), which attributed the growth to, among others, an increase by 17.2% in the agriculture, forestry and fishing industry, which contributed
A lower inflation rate means that the prices of goods and services are not increasing as quickly, which can have several positive effects on everyday life.
The headline inflation rate for all urban areas in South Africa dropped to 5.2% in April 2024, down from 5.3% in March 2024.
South Africa’s expanded unemployment rate increased to 41.9% in Q1:2024, showcasing ongoing challenges in the labour market.
The food and beverage industry in South Africa experienced notable growth in February 2024, with substantial contributions from catering services
South Africa’s expanded unemployment rate decreased by 0.1 of a percentage point to 41.1% in Q4: 2023 compared to Q3: 2023.
SA employment rates experienced a notable boost in the third quarter of 2023, marked by increases in both full-time and part-time jobs.
SA experienced a significant boost in tourism with a notable increase in foreign travellers in November 2023.
Hotels played a crucial role in the resurgence of South Africa’s tourist accommodation sector in 2023.
South African deaths caused by cancer, diabetes, and heart attacks have surged by 59% over 20 years, unveiling a pressing health crisis.
The surge in the annual national residential property price was significantly influenced by the Western Cape and Gauteng.
The recently unveiled Census 2022 disclosed that the population of South Africa burgeoned to 62.02 million individuals.
Census 2022, according to the Presidency, was the fourth population and housing count in post-apartheid South Africa, with the first conducted in 1996, with subsequent censuses being conducted in 2001 and 2011.
In August, the annual inflation rate for goods reached 5.6%, slightly up from the 5.5% observed in July.
Between April and June 2023, these industries contributed the most jobs and, effectrively, had a positive impact on employment in South Africa.