Economy Archives

South Africa’s Electricity Generation Up 5.6%, Consumption Rises 4.8% in May 2024

South Africa’s electricity generation increased by 5.6% year-on-year in May 2024.
Electricity consumption rose by 4.8% year-on-year in May 2024.
From January to May 2024, electricity generation increased by 3.2%, and distribution increased by 3.3%.

Freight volumes declined by 6.5% in April 2024 compared to April 2023, with income slightly down.
Income from freight transportation rose by 2.1% in the three months ending April 2024.
Passenger journeys soared by 38.1% in April 2024, accompanied by a 17.1% income increase.

Tourist accommodation income rose by 7.0% in April 2024, driven by increased stay unit nights and higher average income.
Hotels and ‘other’ accommodations were major contributors to the income growth.
Quarterly performance showed a 9.1% increase, with hotels leading the surge

South African households, businesses, and the government have been hit hard by an alarming decline in national savings rates, which

The BankservAfrica Take-home Index (BTPI) recorded a slight recovery in February 2023, indicating the potential stabilization of the job market

As 2023 unfolds, food prices in South Africa are anticipated to remain high, but a more favorable long-term outlook could

A recent survey shows that nearly two-thirds of South Africans agree with the idea of taxing the wealthy at higher

There comes a time when a person requires emergency cash to cover a life expense, whether medical or otherwise. Even

In 2024, the average general worker salary in South Africa earns R11,564.00. A General Worker’s salary is primarily determined by