Economy edges up by 0,8% in 2018

The South African economy grew by 1,4%¹ in the fourth quarter of 2018, contributing to an overall growth rate of 0,8% for the entire year. The latest set of gross domestic product (GDP) figures released by Stats SA provides an overview of economic performance in 2018. South Africa found itself in economic recession in 2018, its second since the early 1990s. The 2018 recession spanned the first two quarters of the year, with the econ...

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Falling fuel prices drag inflation down

Consumer inflation dropped to 4,0% in January 2019 from 4,5% in December 2018. This is the lowest annual rate since March?2018, when headline inflation came in at 3,8%. The actual index level is now lower than it was in October 2018, according to Stats SA’s latest Consumer Price Index release¹. This means that, on average, consumer prices in January?2019 were lower than they were in October?2018.

Mining production stumbles in 2018

The Investing in African Mining Indaba, the world’s largest mining conference, ended a week ago in Cape Town. Investment promises made at the conference might have a positive impact on the future of the industry. Stats SA takes a look at how mining fared in 2018. Mining had a lacklustre year. Production fell by 1,6% in 2018 compared with 2017, down from the 3,9% rise in 2017. Gold, copper and iron ore were the biggest drags on activity in 20...