Formal sector remains biggest job contributor in SA
On Tuesday, Stats SA released results from the second Quarterly Labour Force Survey that showed a slight decrease in the country’s unemployment rate – which now stands at 32.6%.
Source: ewn.co.za
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SA 'technically in a recession' with low growth, high unemployment
The economy lost another 97 000 jobs in the formal nonagricultural sector between March last year and March this year.
Source: citizen.co.za
Stats SA: GDP growth below peak
South Africa’s 0.4% gross domestic product (GDP) growth in the first quarter (Q1) of 2023 is nothing to be excited about.
Source: citizen.co.za
SA averts technical recession by the seat of its pants
While gross domestic product rose by 0.4% in the three months to March, economic growth in South Africa could detract sharply in the second quarter on the back of intensified power cuts.
Source: iol.co.za
Imports and exports among contributors to SA's GDP increase
Statistician-General Risenga Maluleke said the export growth was mainly driven by increased trade in base metals, food (vegetable products, prepared foodstuffs and beverages) and machinery and electrical equipment.
Source: iol.co.za