Posts tagged with 'Statistics SA'

 

SA in crisis while ANC eats cake, celebrating its 108 years

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The ruling Anc party,was holding a rally in Kimberley celebrating its 108 years.This celebration, which is usually accompanied by a jovial mood of song and dance by party leaders, members and supporters, happens during a time when the country has been plunged into several crises of epidemic proportions. Can the ANC really afford to celebrate? Can it afford to pop Champagne during such difficult times faced by the country?

Poverty levels are accelerating, inequality is deepening, unemployment levels have reached the highest percentage of 29.1% in the last quarter of 2019, the highest recorded by Statistics SA since 2008, with 9.6 million South Africans currently unemployed, 8.6 million of these being black.

The economy is battling to recover from a technical recession, with the country constantly facing a threat of being given junk status by rating agencies.

One of the major crises facing the country is the power utility Eskom, which has struggle
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We are in big trouble! With more firms shutting their doors ‘South Africa is getting poorer’ and paints a bleak picture of the state of the economy

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According to the figures released by Statistics SA the number of liquidations increased by 24.9% in the second quarter of this year compared with the same period for last year.

The estimated number of insolvencies increased by 4.6% in May and a 15.2% increase was estimated in the first five months of this year.

Economist Mike Schussler said: “We are in trouble. A lot of firms are in trouble and South Africa is getting poorer. I think we are in a space where its not going to get easy getting the economy going.”

Schussler said the companies have felt a pinch where there has been little to no growth,

“There is no demand any more for certain industries and when there is no demand its difficult to match prices compared to other companies. We are not on our last leg just yet but we are in a very vulnerable position,” he said.

The StatsSA figures showed that the three worst-hit industries were agriculture with nine business closin
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Nearly Half of Households in SA on Welfare – Rainbow Nation has become welfare state with over 45% of households relying on SASSA

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More than 17 million “residents” of South Africa are currently receiving government grants. According to Statistics SA, more than 45% of households are dependent on state grants.

The rainbow country has become a well-being country and this means, among other things, that more and more non-marital children are growing.

Western Cape households are dependent on unmarried “children” who bring three to four children to life, who support the entire household, from Grandpa and Grandma to grandchildren.

-Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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Worrying news for the local economy – Statistics show that the South African tourism sector is in decline

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Report from Statistics South Africa has shown a negative trend in the tourism sector.

The South African attraction
South Africa is a beautiful and diverse country. It, therefore, comes as no surprise that it has been a popular tourist destination with global travellers since it rejoined the international stage in 1994.

So much so, in fact, that is has become a crucial sector of the economy and provides strong social and economic value to millions of locals in South Africa every year.

The net result of this is that facts and figures pertaining to the industry are keenly watched and the published findings from Stats SA do not make for optimistic reading.

Problems affecting the tourism industry in South Africa
Unfortunately, the country has its problems, both self-made and natural, and it seems the combination is starting to take its toll on the tourism sector.

Certain issues faced by the industry are unavoidable, such as
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