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.

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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.

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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 »

Wholesale Trade Sales Rise 6.9% in April, Fall 0.6% Over Three Months

Economy, Finance News, Stock Market / Lethabo Ntsoane

Wholesale trade sales increased by 6.9% in April 2024, showing month-on-month growth.
The three-month comparison saw a 0.4% increase, indicating stability in the sector.
Solid, liquid, and gaseous fuels sales declined, impacting overall sector performance negatively.

Wholesale Trade Sales Rise 6.9% in April, Fall 0.6% Over Three Months Read More »

Motor Trade Sales Rise 3.9% in April 2024; Used Vehicles Lead the Way

Economy / Lethabo Ntsoane

Motor trade sales surged by 3.9% in April 2024, driven by used vehicle and accessory sales.
Quarterly analysis shows a 1.9% decrease, primarily due to a slump in new vehicle sales.
Seasonally adjusted sales saw a 2.2% decline, mainly attributed to drops in new vehicle and fuel sales.

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