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As a central knowledge portal to the retirement and related industries, EBnet publishes a range of daily articles submitted by a range of industry organisations, experts and contributors. Readers can also comment on and contribute to articles.

May 28, 2020

The second wave of Stats SA’s COVID-19 business impact survey provides an update on how South African businesses are currently faring under lockdown.

The first impact survey covered the period 30 March to 13 April 2020, and the results were published on 21 April.1 The survey asked firms in the formal sector how the COVID-19 crisis was affecting their operations in terms of turnover, trading, workforce, imports and exports, purchases, prices, and business survival.

Stats SA quickly followed up with a second survey, covering the period 14 April to 30 April 2020. The number of responses for the sec...

April 30, 2020

Respondents were staying indoors and only left their houses to get food or medicine, according to the COVID-19 behavioural and health perception survey results released by Statistics South Africa (Stats SA).

The survey was conducted in the week of 13 to 26 April 2020.

More than half (60,1%) of respondents were very concerned or extremely concerned about the impact of COVID-19 on their own health. Many of the respondents (93,2%) were very concerned or extremely concerned about the possible economic collapse of the country due to the COVID-19 epidemic, while 79,7% were concerned about the civil di...

April 22, 2020

The results of a rapid response survey conducted by Stats SA during the lockdown was released today. Businesses were asked how the current crisis affected their operations in the two-week period from 30 March to 13 April 2020.

707 businesses in the formal sector responded to the survey, outlining the pandemic’s impact on turnover, trading, workforce, imports and exports, purchases, prices, and business survival.

According to the report, five in six businesses surveyed experienced a drop in turnover over the reference period. 85,4% of businesses surveyed reported turnover below the normal ra...

February 25, 2020

Two out of ten (19,9%) of the total South African population were Generation X adults, while more than one-third of the population (35,3%), were Millennials, and the majority (45,5%) were the Born-free generation, this is according to the 2018 Education and Labour Market Outcomes in South Africa report released by Statistics South Africa today. The Born-free Millennials aged 19–24 years make 10,2% of the total population. Millennials  made the largest share of the working-age population (54,1%) followed by Generation X adults (30,5%) and Born-free Millennials aged 19–24 years who made up 15,7%...

February 4, 2020

Formal sector employment decreased by 28 000 in September 2019, with 11 000 full-time and 17 000 part-time jobs shed during the quarter.

The September 2019 Quarterly Employment Statistics (QES) survey showed that an estimated 10 142 000 people were employed in the formal non-agricultural sector of the South African economy, which is down by 28 000 from 10 170 000 in the previous quarter.

The quarterly decrease in total employment was driven by job losses in construction (-12 000); manufacturing (-12 000); community services (-11 000); business services (-9 000); an...

September 3, 2019

Gross domestic product (measured by production)

South Africa’s gross domestic product (GDP) increased by 3,1% in the second quarter of 2019. [1]

The mining and quarrying industry increased by 14,4% and contributed 1,0 percentage point to GDP growth. Increased production was reported for mining of iron ore, manganese ore, coal and ‘other’ metal ores including platinum.

Finance, real estate and business services increased by 4,1% in the second quarter. Increased economic activity was reported for financial intermediation, real estate activities and business services.

The trade, catering and accommod...

August 13, 2019

The estimated population of South Africa stands at 58,78 million, according to the recently released 2019 mid-year population estimates (MYPE). The MYPE report provides population estimates at national and provincial levels, disaggregated by age and sex.

World Population Day, which took place on the 11th July, focused on enabling the youth with the necessary skills to reach their potential and economic growth. According to the mid-year estimates of 2019, the youth (aged 18–34) constitute almost a third of the population (17,84 million) in South Africa, with 9,04 million males and 8,80 million f...

August 5, 2019

The results of the Quarterly Labour Force Survey (QLFS) for the second quarter of 2019, released by Statistics South Africa (Stats SA), indicate that the official unemployment rate increased by 1,4 percentage points to 29,0% compared to the first quarter of 2019. The number of unemployed persons increased by 455 000 to 6,7 million in Q2: 2019 compared to Q1: 2019, resulting in an increase of 476 000 in the labour force.

The South African working-age population increased by 150 000 in Q2: 2019 compared to Q1: 2019. The number of employed persons increased by 21 000 to 16,3 million in Q2: 20...

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