Economy

Manufacturing Slumps: May 2024 Production Down 0.6%, Sales Decline 3.5%

Economy / Lethabo Ntsoane

Manufacturing production declined by 0.6% in May 2024 compared to May 2023.
Seasonally adjusted production dropped 3.2% in May 2024 versus April 2024.
Food and beverages saw the largest positive sales contribution, increasing by 3.6%.

Manufacturing Slumps: May 2024 Production Down 0.6%, Sales Decline 3.5% Read More »

May 2024: Mining Production Flat, Sales Plummet 19.1%

Economy / Lethabo Ntsoane

Mining production in May 2024 showed flat growth compared to the previous year.
Coal and chromium ore saw positive production trends, while gold and PGMs declined.
Mineral sales plummeted significantly, with gold and PGMs contributing majorly to the decline.

May 2024: Mining Production Flat, Sales Plummet 19.1% Read More »

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

Economy / Lethabo Ntsoane

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%.

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

SA Quarterly Capital Expenditure Declines in Q1 2024

Economy / Lethabo Ntsoane

Q1 2024 capital expenditure on new assets totaled R83.2 billion, down 12.4% from Q4 2023.
Year-on-year, capital expenditure increased by 2.8%, with notable growth in construction and IT equipment.
Plant, machinery, and equipment dominated spending, constituting 62.4% of total expenditure in Q1 2024.

SA Quarterly Capital Expenditure Declines in Q1 2024 Read More »

South Africa’s PPI Drops to 4.6% in May, Down from 5.1% in April

Economy / Lethabo Ntsoane

Producer Price Index (PPI) in South Africa fell to 4.6% in May, down from 5.1% in April.
This decline reflects easing inflationary pressures in the manufacturing sector.
Economists attribute the drop to lower fuel prices and stable exchange rates.

South Africa’s PPI Drops to 4.6% in May, Down from 5.1% in April Read More »

South Africa Employment Dips 0.6% in Q1 2024: Industry Insights

Economy / Lethabo Ntsoane

Total employment in South Africa decreased by 67,000 jobs, or 0.6%, in Q1 2024.
Industries like trade, community services, and mining saw significant job losses.
Gross earnings fell by R35.1 billion, while average monthly earnings showed a slight decrease.

South Africa Employment Dips 0.6% in Q1 2024: Industry Insights Read More »

Land Transport Trends: Freight Volumes Drop 6.5%, Passenger Journeys Surge 38.1% in April 2024

Economy / Lethabo Ntsoane

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.

Land Transport Trends: Freight Volumes Drop 6.5%, Passenger Journeys Surge 38.1% in April 2024 Read More »

Tourist Accommodation Sector Thrives: 7.0% Income Surge in April 2024

Economy / Lethabo Ntsoane

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

Tourist Accommodation Sector Thrives: 7.0% Income Surge in April 2024 Read More »

Food and Beverage Industry Income Declines 4.6% in April 2024

Business News, Economy / Lethabo Ntsoane

Food and beverage industry saw a 4.6% income decline in April 2024.
Significant drops in “other” income (-15.4%) and bar sales (-9.2%) contributed to the decline.
Restaurants and coffee shops recorded a 4.6% decrease, impacting the industry’s overall performance.

Food and Beverage Industry Income Declines 4.6% in April 2024 Read More »

South Africa’s Export Prices Drop 1.9% Annually, Import Prices Rise 3.3%

Economy, Finance News / Lethabo Ntsoane

Export prices in South Africa decreased by 1.9% annually in April 2024.
Import prices saw a 3.3% annual increase during the same period.
Crude petroleum was a significant contributor to the rise in import prices.

South Africa’s Export Prices Drop 1.9% Annually, Import Prices Rise 3.3% Read More »

Notice: ob_end_flush(): Failed to send buffer of zlib output compression (0) in /home/dubeshephard/public_html/wp-includes/functions.php on line 5427