Mail & Guardian
Mail & Guardian
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Spending on durable, semi-durable and nondurable goods declined. (Reuters)
QES

Stretched households battle as the economy shrinks

According to the Reserve Bank the household real final consumption expenditure shrank by 1.3% in the second quarter of 2018.

  • Lynley Donnelly
3 min read
Job creation was a major topic in last week’s budget, which was released the day after South Africa’s devastating unemployment statistics made headlines.
AGENCY

Stats SA reports 69 000 jobs lost in second quarter

Stats SA reported that non-agricultural formal sector employment dropped from 9 817 000 in March 2018 to 9 748 000 in June 2018

  • Agency
1 min read