1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW...

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EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW THE KWAZULU-NATAL QUARTERLY ECONOMIC AND ST ATISTICAL OVERVIEW 1st Quarter 2014

Transcript of 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW...

Page 1: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all”

THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

1st Quarter 2014

Page 2: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

“Building an economy that creates opportunities for all and making tourism to work for us all”

Page 3: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all”

Page 4: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all”

Page 5: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all”

1. INTRODUCTION 1.1 Foreword �)E� K?<��K?�F=�'8P�� ��� -FLK?��=I@:8� KFFB� KF� K?<�GFCCJ� =FI� K?<� =@=K?� K@D<� @E� @KJ� PFLE>�9LK�D8KLI@E>� KN<EKP� P<8IJ� F=� ;<DF:I8:P�� �D@;� GI<<C<:K@FE� :?8CC<E><J� K?<� � ��� �C<:K@FEJ�N<I<�8�JL::<JJ��.?<��=I@:8E�/E@FE�F9J<IM<IJ�?<I8C;<;�K?<�#���=FI�8�JK<IC@E>�AF9�8E;�8MFN<;�K?8K� K?<� -FLK?� �=I@:8E� <C<:K@FEJ� ?8M<� J<K� K?<� 98I� ?@>?� =FI� FLI� �=I@:8E� G<<IJ�� #K� NFLC;�K?<I<=FI<� 9<� =@KK@E>� KF� =FID8CCP� :FE>I8KLC8K<� K?<� #��� FE� <EJLI@E>� =I<<� 8E;� =8@I� <C<:K@FEJ�N?@:?�8>8@E�;<G@:K<;�K?<�D8KLI@KP�8E;�;<M<CFGD<EK�F=�-FLK?��=I@:8�8J�8�:FLEKIP�FM<I�K?<�G8JK�KN<EKP�P<8IJ���#�NFLC;�8CJF�C@B<�KF�:FE>I8KLC8K<�K?<��=I@:8E�(8K@FE8C��FE>I<JJ�N?F�J<8C<;�M@:KFIP�><KK@E>�ALJK� FM<I� ��� G<I:<EK� F=� K?<� MFK<J� K?LJ� <EJLI@E>� K?8K� K?<P� I<D8@E� 8J� >FM<IED<EK� =FI� P<K�8EFK?<I�K<ID��.?<�G<FGC<�?8M<�JGFB<E�8E;�EFN�K?<�NFIB�F=�8�:FEK@EL<;�JKIL>>C<�8>8@EJK�K?<�JF:@8C� @CCJ� �GFM<IKP�LE<DGCFPD<EK�8E;�@E<HL8C@KP�� K?8K�GC8>L<�FLI�JF:@<KP�K?<I<=FI<�:FEK@EL<J����CFK�F=�>IFLE;�?8J�9<<E�:FM<I<;�@E�K?@J�I<>8I;�J@E:<�K?<�;8NE�F=�;<DF:I8:P�

8E;�8�CFK�JK@CC�?8J�KF�9<�;FE<���#E� FI;<I� KF� 8;;I<JJ� K?<� 89FM<� J8@;� :?8CC<E><J� @K� @J� @DGFIK8EK� KF� KI8:B� K?<� <OK<EK� F=� K?<� GIF9C<DJ� 8E;� ?FN� K?<P� ?8M<�:?8E><;� FM<I� K@D<�� ,<C@89C<� 8E;� <8J@CP� 8::<JJ@9C<� @E=FID8K@FE� <E89C<� GFC@:P�D8B<IJ� I<J<8I:?<IJ� G8IC@8D<EK8I@8EJ� :@M@C�JF:@<KP�8E;�FK?<I�JK8B<?FC;<IJ�KF�;<98K<�8E;�<M8CL8K<�GFC@:P�:?F@:<J�8E;�J<IM@:<�;<C@M<IP�G<I=FID8E:<���#K� @J�8>8@EJK�K?@J�98:B>IFLE;�K?8K�K?<�%N84LCL(8K8C��<G8IKD<EK�F=��:FEFD@:��<M<CFGD<EK�.FLI@JD�8E;��EM@IFED<EK8C��==8@IJ� ���.���� @E@K@8K<;� K?<� Ezomnotho� GL9C@:8K@FE� @E� � ��� Ezomnotho� @J� 8� HL8IK<ICP� GL9C@:8K@FE� K?8K� KI8:BJ� <:FEFD@:�;<M<CFGD<EK� @E� K?<� CF:8C� E8K@FE8C� 8E;� >CF98C� <:FEFDP� 8E;� GIFM@;<J� M8CL89C<� <:FEFD@:� JK8K@JK@:8C� @E=FID8K@FE� KF� FLI�JK8B<?FC;<IJ�?@>?C@>?K<;� @E� K?<�GI<:<;@E>�G8I8>I8G?��.?<�;<G8IKD<EK� @J�:?8I><;�N@K?� K?<� I<JGFEJ@9@C@KP�F=�:?8DG@FE@E>�<:FEFD@:�;<M<CFGD<EK� @E� K?<�GIFM@E:<� 8E;� K?@J� @J� 8:?@<M<;� K?IFL>?�;<M<CFGD<EK�F=�GFC@:@<J� 8E;� @DGC<D<EK@E>� JFLE;�@EK<IM<EK@FEJ�KF�8II<JK�K?<�:?8CC<E><J�F=�GFM<IKP�8E;�LE<DGCFPD<EK��#E�<O<:LK@E>�K?@J�D8E;8K<�JFLE;�<:FEFD@:�JK8K@JK@:J�9<:FD<�><ID8E<�@E�K?<�=FIDLC8K@FE�F=�IF9LJK�<:FEFD@:�GFC@:@<J�8E;�JKI8K<>@<J�K?8K�I<JGFE;�KF�K?<�E<<;J�F=�FLI�GIFM@E:<���.?<�GL9C@:8K@FE�GIFM@;<J�8E8CPJ@J�F=�<:FEFD@:�@E;@:8KFIJ�K?8K�8I<�<JJ<EK@8C�=FI�;<M<CFGD<EK�8E;�GFC@:P�@DGC<D<EK8K@FE�@E�K?<�GIFM@E:<��@K�8CJF�J<IM<J�8J�8�GF@EK�F=�I<=<I<E:<�@E�KI8:B@E>�;<M<CFGD<EK�GIF>I<JJ��#E�K?@J�GL9C@:8K@FE�PFL�N@CC�=@E;�M@K8C�8E;� <O:@K@E>� JK8K@JK@:8C� ;8K8� 8E;� @E;@:8KFIJ� :I@K@:8C� =FI�D<8JLI@E>� <:FEFD@:� GIF>I<JJ� FE� 8� HL8IK<ICP� 98J@J�� .?<J<� @E:CL;<�;<M<CFGD<EKJ�@E�K?<�C89FLI�D8IB<K�K?<�KI8;<�J<:KFI�8E;�FLKGLK�KI<E;J�8DFE>�D8EP�D8:IF<:FEFD@:�@JJL<J���#K�@J�FLI�?FG<�K?8K�K?IFL>?�K?@J�GL9C@:8K@FE�K?<�@E=FID8K@FE�:FEJKI8@EKJ�K?8K�?8M<�F=K<E�?@E;<I<;�K?<�K@D<FLJ�8E;�I<C<M8EK�;<J@>E�F=�<:FEFD@:�GFC@:@<J�KF�D@K@>8K<�JF:@8C�8E;�<:FEFD@:�:?8CC<E><J�8==<:K@E>�K?<�G<FGC<�F=�%N84LCL(8K8C�9<:FD<�8�P<JK<IP<8I� @DG<;@D<EK�� #E�Ezomnotho� PFL�N@CC� =@E;� LGKF;8K<� 8E8CPJ<J� F=�DFJK�D8:IF<:FEFD@:� @JJL<J� I<C<M8EK� KF� FLI�GIFM@E:<���

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',��'#�"��&�'��/3�%"/&/�'*& MEC FOR DEPARTMENT OF ECONOMIC DEVELOPMENT, TOURISM AND ENVIRONMENTAL AFFAIRS

1.2 About this Publication �.?<� GL9C@:8K@FE� 8@DJ� KF� GI<J<EK� <:FEFD@:� KI<E;J� =FI� K?<� GIFM@E:<� KF� FLI� I<JG<:K@M<� JK8B<?FC;<IJ� 8E;� GFC@:P� D8B<IJ��(FK89CP� K?<� GL9C@:8K@FE� GIFM@;<J� ;<K8@C<;� HL8IK<ICP� JK8K@JK@:J� FE� !IFJJ� �FD<JK@:� *IF;L:K� �!�*�� <DGCFPD<EK� @E=C8K@FE�=FI<@>E� 8E;� ;FD<JK@:� @EM<JKD<EK� 8E;� @EK<IE8K@FE8C� KI8;<�� LIK?<IDFI<� K?<� GL9C@:8K@FE� ?@>?C@>?KJ� ;<M<CFGD<EKJ� @E� K?<�-FLK?��=I@:8E�8E;�GIFM@E:@8C�<:FEFD@<J�N@K?�<DG?8J@J�FE�GI@FI@KP�J<:KFIJ�@E�%N84LCL(8K8C��%4(��*IFM@E:<���.?<� ;8K8� LJ<;� @J� DFJKCP� =IFD� -K8K@JK@:J� -FLK?� �=I@:8� �-K8KJ� -��� 8E;� K?<� -FLK?� �=I@:8E� ,<J<IM<� �8EB� �-�,���� )K?<I� ;8K8�JFLI:<J� LJ<;� @E� K?@J� I<GFIK� @E:CL;<� +L8EK<:� ,<J<8I:?� #"-� !CF98C� #EJ@>?K� #EK<IE8K@FE8C� 'FE<K8IP� LE;� (88DJ8� 8E;��<G8IKD<EK�F=�.I8;<�8E;�#E;LJKIP�K?<�(8K@FE8C�.I<8JLIP�8E;�K?<� @E8E:@8C�.@D<J��� 1.3 Authorship of the Publication �QFDEFK?F� @J� 8� :FCC89FI8K@M<� <==FIK� 9P� K?<� �:FEFD@:� *C8EE@E>� LE@K� FE<� F=� K?<� =@M<� GIF>I8DD<J� F=� K?<� %N84LCL(8K8C��<G8IKD<EK�F=��:FEFD@:��<M<CFGD<EK�.FLI@JD�8E;��EM@IFED<EK8C��==8@IJ� ���.����8E;�.I8;<�8E;� #EM<JKD<EK�%N84LCL(8K8C��.#%4(�����.?<� �:FEFD@:� *C8EE@E>� *IF>I8DD<� @J� :I@K@:8C� KF� <E?8E:<� <==@:@<E:P� 8E;� <==<:K@M<E<JJ� F=� K?<� ��.���� � .?@J� @J�D8@ECP� K?IFL>?�=8:@C@K8K@FE�8E;�GIFDFK@FE�F=�<:FEFD@:�;<M<CFGD<EK�GFC@:@<J�JKI8K<>@<J�8E;�GIF>I8DD<J��.?<�GIF>I8DD<�:FDGI@J<J�=FLI�JL9GIF>I8DD<J�E8D<CP�*FC@:P�8E;�*C8EE@E>�,<J<8I:?�8E;��<M<CFGD<EK�%EFNC<;><�'8E8><D<EK�8E;�'FE@KFI@E>�8E;��M8CL8K@FE�����.?<�GIF>I8DD<�8@DJ�KF���� *IFM@;<�<:FEFD@:�8E;�@EM<JKD<EK�FGGFIKLE@KP�@E=FID8K@FE�KF�M8I@FLJ�JK8B<?FC;<IJ���� *IFM@;<�C<8;<IJ?@G�8E;�>L@;8E:<�@E�K?<�;<M<CFGD<EK�F=�GIFM@E:@8C�<:FEFD@:�GFC@:@<J�8E;�JKI8K<>@<J����� 'FE@KFI� K?<� @DGC<D<EK8K@FE� F=� <:FEFD@:� GFC@:@<J� 8E;� JKI8K<>@<J� 8E;� G<I@F;@:8CCP� <M8CL8K@E>� K?<D� N@K?� 8� M@<N� KF�

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Page 6: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all”

1.4 KwaZulu-Natal at a Glance ��JLDD8IP�F=�K?<�D8AFI�@E;@:8KFIJ�F=�%N84LCL(8K8C�M@JVM@J�-FLK?��=I@:8�@J�GI<J<EK<;�@E�K?<�K89C<�9<CFN�=FCCFN<;�9P�K?<�GIFM@E:@8C�<:FEFD@:�J@Q<�I<C8K@M<�J@Q<�KF�-FLK?��=I@:8�8E;�K?<�J<:KFI8C�:FEKI@9LKFIJ�KF�K?<@I�I<JG<:K@M<�<:FEFD@<J���Table 1.1: Various Economic Indicators, KwaZulu-Natal & South Africa

Figure 1.1: Provincial Contribution (%) to South Africa, 1st Quarter 2014

Source: Stats SA, IHS Global Insight, Quantec Research, ACSA, Transnet, Forward Keys Database, 2014

Indicator KwaZulu-Natal South Africa

GDP (R'000s) 8K�� ��:FEJK8EK�GI@:<J�-<8JFE8CCP��;ALJK<;����EEL8C@J<;��JK�HL8IK<I�� ����,R�D@C� ������������ �� �� � �����

GDP Growth ���JK�HL8IK<I�� ��� ����� ����

Population (000s) �� ��� � ����� �������

Working Age Population (000s)�������P<8IJ� ������ �������

Unemployment (000s) �+& -��JK�HL8IK<I�� ��� ���� �� ���

Unemployment Rate ��JK�HL8IK<I�� ��� � ���� ������

Labour Force (000’s) ��JK�HL8IK<I�� ����� ������ � �����

Absorption Rate �<DGCFP<;�GFGLC8K@FE�I8K@F���JK�HL8IK<I�� ���� ������ ������

Gini Coefficient �� ��� ���� ����

Human development Index (HDI)- (� ��� ���� ����

Functional literacy �� ��� ������ � ����

Inflation �'8P�� ��� ����� �����

Foreign tourists per annum �� ��� �������� ���D�

Cargo tonnage handled at ports (000s)-��JK�HL8IK<I�� ���� ����� � ��� ���

Number of containers handled at ports -��JK�HL8IK<I�� ��� �������� �� �������

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Total Air Passenger Movements at King Shaka International- ��JK�HL8IK<I�F=�� ��� �� � �����

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Source: Quantec Research, 2014

Figure 1.2: Sectoral Contribution (%) to GDP-R, KwaZulu-Natal & South Africa, 1st Quarter 2014

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Source: Quantec Research, 2013 �

Page 7: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all”

KwaZulu-Natal's Comparative Advantages �� %N84LCL(8K8C�@J�J<:FE;�FECP�KF�!8LK<E>�@E�K<IDJ�F=�G<I:<EK8><�:FEKI@9LK@FE�KF�-FLK?��=I@:8�J�!�*���� .?<�GIFM@E:<�9F8JKJ�8�?@>?CP�8;M8E:<;�D8EL=8:KLI@E>�J<:KFI�K?8K�:FEKI@9LK<J�:CFJ<�KF�� ��F=�K?<�GIFM@E:<�J�!�*���� #K� 8CJF� 9F8JKJ� F=� 8� ?@>?CP� ;@M<IJ@=@<;� 8>I@:LCKLI8C� J<:KFI�� .?<� GIFM@E:<� @J� K?<� :FLEKIP�J� C<8;@E>� GIF;L:<I� F=� K@D9<I�

GIF:<JJ@E>�FM<I�?8C=�F=�8CC� K@D9<I�LJ<;� @E�K?<�:FLEKIP�8E;�8::FLEK@E>�=FI�8�J@>E@=@:8EK�G<I:<EK8><�F=�K?<�:FLEKIP�J�NFF;� <OGFIKJ�� -L>8I� :8E<� @J� 8CJF� 8� GI<D@<I� GIF;L:<� @E� K?<� GIFM@E:<� N@K?� JFD<� F=� K?<� :FLEKIP�J� C8I><JK� JL>8I�GIF:<JJ@E>�GC8EKJ��

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KF><K?<I�?8E;C<�FM<I�� ��F=�-FLK?��=I@:8�J� :8I>F� KFEE8><��%N84LCL(8K8C�8CJF�9F8JKJ� K?<�E<NCP�9L@CK�%@E>�-?8B8�#EK<IE8K@FE8C��@IGFIK��%-#���N?@:?�?8E;C<;�FM<I���� ��D@CC@FE�G8JJ<E><IJ�@E�� ���8E;�K?<��L9<�.I8;<�*FIK�8@D<;�8K�JK@DLC8K@E>�8E;�GIFDFK@E>�K?<�<OGFIKJ� =IFD�%-#��?8J� C8LE:?<;�8�E<N�8@IC@E<�%?LG?LB8�%@E>J��@IN8PJ�FNE<;�9P�%?LG?LB8� #EM<JKD<EKJ� "FC;@E>J� KF� ILE� J:?<;LC<;� =C@>?KJ� 9<KN<<E� �LI98E� 8E;� &L9LD98J?@� @E� K?<� �<DF:I8K@:�,<GL9C@:�F=��FE>F�N@K?�JKFGFM<IJ�8K�(;FC8�48D9@8��

�� ,@:?8I;J��8P�@J�K?<�:<EKI<�F=�K?<�:FLEKIP�J�8CLD@E@LD�@E;LJKIP�FG<I8K@FEJ�GIF;L:@E>�FM<I����F=�K?<�NFIC;�J�<OGFIK�F=�8CLD@E@LD��#K�@J�8CJF�K?<�J<8K�F=�K?<�NFIC;�J�C8I><JK�J8E;�D@E@E>�8E;�D@E<I8CGIF;L:@E>�FG<I8K@FEJ��

�� %N84LCL(8K8C� @J�8�GI<D@<I� KFLI@JK�;<JK@E8K@FE� I<:FI;@E>�������� =FI<@>E� KFLI@JK�M@J@KJ� @E�� ���8E;�?8J�FE<�F=� K?<�9<JK�?FK<C�F::LG8E:P�I8K<J�@E�K?<�:FLEKIP��.?<�GIFM@E:<�9F8JKJ�K?<�@:FE@:�'FJ<J�'89?@;8�-K8;@LD�M<EL<�F=�K?<�� � �JF::<I�1FIC;��LG�J<D@=@E8C��8J�N<CC�8J�KNF�1FIC;�"<I@K8><�-@K<J�@E�K?<�=FID�F=�K?<��I8B<EJ9<I>�'FLEK8@EJ�8E;�K?<�#J@D8E>8C@JF�1<KC8E;�*8IB��

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Source: IMF, 2014

Country Group Name�

World

Advanced

Euro-Area

Emerging & developing

Sub-Saharan Africa

Latin America and the Caribbean

Middle East, North Africa, Afghanistan & Pakistan

2. GLOBAL ECONOMIC DEVELOPMENTS AND OUTLOOK ��2.1 Recent Global Developments��1?@C<� K?<�>CF98C�>IFNK?� I<:FM<IP�GIFJG<:KJ� I<D8@E�JKIFE>� K?<�LGK@:B� @E� I<:FM<IP� I<D8@EJ�LE<M<E�8E;�D@O<;�8:IFJJ� K?<�9F8I;��'L:?�F=�K?<�@DGIFM<;�>CF98C�>IFNK?�:FD<J�=IFD�8;M8E:<;�<:FEFD@<J�8J�@EM<JKFIJ�9<:FD<�C<JJ�NFII@<;�89FLK�;<9K�JLJK8@E89@C@KP� 8E;� 98EB@E>� J<:KFI� GFJ@K@FEJ� JKI<E>K?<E�� �::FI;@E>� KF� K?<� <;<I8C� �<GFJ@K� #EJLI8E:<� �FIGFI8K@FE� � �#����I<GFIK<;�K?8K�DFI<�K?8E�KNFK?@I;J�F=�98EBJ� @E� K?<�/-��I<GFIK<;�>IFNK?� @E� K?<@I� CF8E�GFIK=FC@FJ�8E;�;<GFJ@K�>IFNK?�?8J�I<D8@E<;�GFJ@K@M<��#E�K?<�=FLIK?�HL8IK<I�F=�� ���K?<� �#��I<GFIK<;�K?8K�K?<I<�N<I<�FECP�KNF�98EB�=8@CLI<J�@E�K?<�/-�N?@:?�8I<�=<N<JK�J@E:<�J<:FE;�HL8IK<I�F=�� ���"FN<M<I�J@E:<�$8EL8IP�KF��GI@C�� ���J@O�98EBJ�?8M<�>FE<�LE;<I���(FE<K?<C<JJ�;FNEJ@;<�I@JBJ�KF�>CF98C�>IFNK?�I<D8@E�<JG<:@8CCP�K?FJ<�=IFD�<D<I>@E>�D8IB<K�<:FEFD@<J�N?FJ<�I@JBJ�?8M<�@E:I<8J<;�� �::FI;@E>� KF� K?<� #EK<IE8K@FE8C� 'FE<K8IP� LE;� �#' �� K?<� /-�� =@J:8C� JK8E:<� 8E;� ;<9K� :<@C@E>� GIF9C<DJ� ?8M<�9<:FD<� C<JJ� I<C<M8EK�;L<� KF� K?<� KNFP<8I�9L;><K�8>I<<D<EK�F=��<:<D9<I�� ���8E;� K?<� JLJG<EJ@FE�F=� K?<�;<9K� :<@C@E>�LEK@C�'8I:?�� ���K?@J�?8J�@E:I<8J<;�@EM<JKFI�:FE=@;<E:<�8E;�<8J<;�LE:<IK8@EKP�@E�K?<�D8IB<KJ��"FN<M<I�><FGFC@K@:8C�I@JBJ�K?8K�?8M<�;<M<CFG<;�I<:<EKCP�@E�/BI8@E<�:FLC;�?8M<�J@>E@=@:8EK�E<>8K@M<�JG@CC�FM<I�<==<:KJ�@=�K?<�J@KL8K@FE�@EK<EJ@=@<J�C<8;@E>�KF� @E:I<8J<;� I@JB� 8M<IJ@FE� 8E;� KI8;<� ;@JILGK@FEJ� 8J� K?<� /-�� 8E;� ,LJJ@8� JHL8I<� LG� K?IFL>?� 8� 9FLK� F=� J8E:K@FEJ� 8E;�:FLEK<IJ8E:K@FEJ�� &FN<I� K?8E� <OG<:K<;� <:FEFD@:� >IFNK?� @E� <D<I>@E>� D8IB<KJ� ?8J� D8;<� @EM<JKFIJ� A@KK<IP� 8E;� DFI<�J<EJ@K@M<�KF�I@JBJ�8JJF:@8K<;�@E�K?@J�>IFLG�F=�:FLEKI@<J����2.1.1 Global Economic Outlook� Table 2.1: Average GDP Growth (%), Global Regions, 2004-2018*, 2012-2015*

Average Economic Growth Rates

2004-2008 2009-2013 2014-2018*

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Page 8: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 2 3

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Page 9: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

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EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 6 7

Figure 2.5: Net FDI Flows, South Africa & Nigeria, 2005-2012 �

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#K�D8P�9<�8I>L<;� K?8K� =F:LJ@E>�FE� K?<�!�*�8CFE<�D8P�EFK� I<M<8C� K?<� =LCC� <:FEFD@:�G@:KLI<�� #K� @J� K?<I<=FI<�E<:<JJ8IP� KF�:FDG8I<� (@><I@8� 8E;� -FLK?� �=I@:8� 8:IFJJ� 8� ELD9<I� F=� @E;@:8KFIJ�� !CF98C� :FDG<K@K@M<E<JJ� KI8;<� 8E;� =FI<@>E� ;@I<:K�@EM<JKD<EK�8I<�JFD<�F=�K?<�B<P�@E;@:8KFIJ�K?8K�D8P�9<�:FEJ@;<I<;���-FLK?��=I@:8�J�global competitiveness JK@CC� I8K<J�9<KK<I�� FI�<O8DGC<� K?<�1FIC;��:FEFD@:� FILD�J�!CF98C��FDG<K@K@M<E<JJ�#E;<O�J?FNJ�K?8K�-FLK?��=I@:8�@J�I8EB<;���I;�N?@C<�(@><I@8�@J�I8EB<;��� K?��-@D@C8ICP�-FLK?��=I@:8�@J�I8EB<;��I;�=FI�=@E8E:@8C�D8IB<K�;<M<CFGD<EK�N?@C<�(@><I@8�@J���K?�EFK�KF�D<EK@FE�@E=I8JKIL:KLI8C�;<M<CFGD<EK�HL8C@KP�F=�@EJK@KLK@FEJ�>FM<IE8E:<�8E;�<==@:@<E:P�F=�C<>8C�=I8D<NFIB�8E;�;@JGLK<�I<JFCLK@FE�"FN<M<I�(@><I@8�J�C89FLI�D8IB<K�<==@:@<E:P�@J�I8EB<;�89FM<�-FLK?��=I@:8�J���Figure 2.4: Trade Balance with Nigeria, South Africa & KZN, 2005-2012 �

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“Building an economy that creates opportunities for all and making tourism to work for us all” 8 9

3. DOMESTIC ECONOMIC DEVELOPMENTS �.?@J� J<:K@FE� KI8:BJ�HL8IK<ICP� <:FEFD@:�G<I=FID8E:<�;<M<CFGD<EKJ�E8K@FE8CCP� 8E;� @E�%N84LCL(8K8C�*IFM@E:<�� .?<� I<GFIK�J?FNJ�K?8K�-FLK?��=I@:8E�<:FEFD@:�>IFNK?�JCLDG<;�@E�K?<�=@IJK�HL8IK<I�F=�� ���N?@C<�%N84LCL(8K8C�I<:FI;<;�8�D<8>I<�>IFNK?�:FDG8I<;�KF�8�DL:?�GC<8J@E>�<:FEFD@:�>IFNK?�I<:FI;<;�@E�K?<�C8JK�HL8IK<I�F=�� ����.?<�J<:K@FE�=LIK?<I�?@>?C@>?KJ�J<:KFI8C�:FEKI@9LK@FE�KF�K?<�<:FEFD@:�>IFNK?�8E;�8E8CPJ@J�K?<I<F=��#K�@J�;@M@;<;�@EKF�K?I<<�JL9J<:K@FEJ�E8D<CP�<:FEFD@:�G<I=FID8E:<� @E� -FLK?� �=I@:8� <:FEFD@:� G<I=FID8E:<� @E� %N84LCL(8K8C� 8E;� I<>@FE8C� HL8IK<ICP� <:FEFD@:� >IFNK?�:FDG8I@JFEJ���South Africa’s gloomy economy -FLK?��=I@:8�J�>IFNK?�G<I=FID8E:<�@E�K?<�GFJK:I@J@J�G<I@F;�?8J�9<<E�;@J8GGF@EK@E>�?8M@E>�8M<I8><;������J@E:<�� � ��.?@J�:FDG8I<J�@CC�KF�KI<E;J�F9J<IM<;�@E�:FDG8I89C<�<D<I>@E>�:FLEKI@<J�JL:?�8J��?@E8�8E;�#E;@8�N?<I<�>IFNK?�?8M<�8M<I8><;�DFI<�K?8E�����-CFN�I<:FM<IP�@E�-FLK?��=I@:8�J�D8AFI�KI8;@E>�G8IKE<IJ�:FEK@EL<J�KF�9<�K?<�GI@E:@G8C�:8LJ<�F=�K?<�C8:BCLJKI<�>IFNK?� KI<E;�� #E� � ��� >IFNK?� 8M<I8><;� �����N<CC� 9<CFN�GFK<EK@8C� >IFNK?� :LII<EKCP� <JK@D8K<;� KF�9<�9<KN<<E����8E;������� ,<:<EK� ;8K8� J?FNJ� K?8K� K?<� -FLK?� �=I@:8E� <:FEFDP� @J� ;<K<I@FI8K@E>� D8IB<;CP�� .?@J� @J� ;L<� KF� JCFN@E>� :FEJLD<I�JG<E;@E>�FN@E>�9LK�EFK�C@D@K<;�KF�G<IJ@JK<EKCP�?@>?�LE<DGCFPD<EK�;@J8GGF@EK@E>�JF=K�D8EL=8:KLI@E>�GIF;L:K@FE�8J�N<CC�8J�GIFKI8:K<;� JKI@B<J� @E� K?<�D@E@E>�J<:KFI�F==J<KK@E>� K?<� @DGIFM<D<EK�F=� <OK<IE8C� :FE;@K@FEJ�� -FD<�:FDD<EK8KFIJ�<M<E�8I>L<� K?8K� -FLK?� �=I@:8� D8P� 9<� ?<8;@E>� =FI� 8EFK?<I� I<:<JJ@FE�� �L<� KF� K?<� 8=FI<J8@;� =8:KFIJ� 8E;� <C<:KI@:@KP� JLGGCP�:FEJKI8@EKJ�K?<�-FLK?��=I@:8E�,<J<IM<��8EB��-�,���I<:<EKCP�I<M@J<;�;FNE�@KJ�>IFNK?�=FI<:8JK�=FI�� ���=IFD������KF������N?@C<�K?<�=FI<:8JK�=FI�� ���?8J�I<D8@E<;�LE:?8E><;�8K������8E;�>IFNK?�@E�� ���@J�<OG<:K<;�KF�8M<I8><�������� 3.1 Economic performance in South Africa �3.1.1 Quarter-on-Quarter Gross Domestic Product (GDP) Growth Rates �-FLK?��=I@:8E� <:FEFDP� J?I8EB� @E� K?<� =@IJK� HL8IK<I� F=� � ��� 8J�D@E@E>� 8E;�D8EL=8:KLI@E>� FLKGLK� GFJK<;� J?8IG�;<:C@E<J��,<:<EK� -K8KJ� -��;8K8� I<C<8J<J� J?FN� K?8K�!IFJJ��FD<JK@:� *IF;L:K� �!�*��;<:C@E<;�9P� ����FE� 8E� 8EEL8C@J<;�HL8IK<ITFEHL8IK<I�98J@J��.?@J�N8J�K?<�N<8B<JK�G<I=FID8E:<�J@E:<�� ��J<:FE;�HL8IK<I�I<:<JJ@FE�8E;�EFK89CP�K?<�J?8IG�I<M<IJ8C�=IFD�K?<�JFD<N?8K�IF9LJK�>IFNK?�F=������I<:FI;<;�@E�K?<�=FLIK?�HL8IK<I�F=�� ����.?@J�;8DG<E<;�K?<�>FM<IED<EK�J�JKI@;<J�F=�=@>?K@E>�:?IFE@:�LE<DGCFPD<EK�@E�K?<�:FLEKIP��.?<�;@J8GGF@EK@E>�=@IJK�HL8IK<I�>IFNK?�FLK:FD<�=LIK?<I�@E;@:8K<J�K?8K�K?<I<�8I<�;FNEJ@;<�I@JBJ�KF�K?<�-�,��9<E@>E������=FI<:8JK�=FI�� ����-K89@C@KP�@E�K?<�D@E@E>�J<:KFI�8E;�JG<<;P�@DGC<D<EK8K@FE�F=�>FM<IED<EK�@E=I8JKIL:KLI<�GIF>I8DD<J�@J�:I@K@:8C�KF�8M<IK�K?<�JCFN�>IFNK?�KI<E;J�:?8I8:K<I@J@E>�K?<�<:FEFDP����

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EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 10 11

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3.1.2 First Quarter Sectoral Drivers of GDP Growth��-FLK?��=I@:8�?8J�8�:FDG8I8K@M<�8;M8EK8><�@E�K?<�GIF;L:K@FE�F=�8>I@:LCKLI<�D@E@E>�8E;�D8EL=8:KLI@E>�GIF;L:KJ�I<C8K@E>�KF�K?<J<�J<:KFIJ��.?<�JKIL:KLI<�F=�K?<�<:FEFDP�J?@=K<;�=IFD�8�GI@D8IP�8E;�J<:FE;8IP�@E�K?<�D@;KN<EK@<K?�:<EKLIP�KF�9<�DFI<�;I@M<E� 9P� K?<� K<IK@8IP� J<:KFI� N?@:?� 8::FLEKJ� =FI� 8E� <JK@D8K<;� ���� F=� !�*�� "FN<M<I� J<:FE;8IP� J<:KFI� �GI@D8I@CP�D8EL=8:KLI@E>��JK@CC�8::FLEKJ�=FI�8�J@>E@=@:8EK�GIFGFIK@FE�F=�-FLK?��=I@:8�J�<:FEFD@:�FLKGLK���� Table 3.1: Sectoral Growth Trends (%), South Africa, 2013:Q4 - 2014:Q1

Source: Stats SA, 2014

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Page 13: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 12 13

Figure 3.3: Comparative Regional Annual Growth Rates, 2013:Q4 and 2014:Q1 �

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Source: Quantec Research, 2014

Industry 2013:Q4 2014:Q1

Q-O-Q Y-O-Y Q-O-Q Y-O-Y �>I@:LCKLI<�=FI<JKIP�8E;�=@J?@E>� ���� ��� ���� �� �'@E@E>�8E;�HL8IIP@E>� ����� ���� ���� ����'8EL=8:KLI@E>� ����� �� � ���� �����C<:KI@:@KP�8E;�N8K<I� ���� � � ��� ����FEJKIL:K@FE� ���� ���� ���� ����1?FC<J8C<���I<K8@C�KI8;<��?FK<CJ���I<JK8LI8EKJ� ���� ���� ���� ����.I8EJGFIK��8E;�:FDDLE@:8K@FE� ���� ���� ���� ���� @E8E:<�I<8C�<JK8K<�8E;�9LJ@E<JJ�J<IM@:<J� ���� ���� �� � �� ��FDDLE@KP�JF:@8C�8E;�FK?<I�G<IJFE8C�J<IM@:<J� ���� ���� �� � ����!<E<I8C�>FM<IED<EK�J<IM@:<J� �� � ��� ���� ���All industries at basic prices 4.2 1.9 1.5 2.3 .8O<J�C<JJ�JL9J@;@<J�FE�GIF;L:KJ� ���� ���� ���� �� �GDPR at market prices 3.9 1.9 1.4 2.3

Source: Quantec Research, 2014 ���.89C<� ���� @CCLJKI8K<� HL8IK<ICP� 8EEL8C@J<;� G<I:<EK8><� :?8E><� @E� M8CL<� 8;;<;� KF� %N84LCL(8K8C�J� GIFM@E:@8C� !�*,� 9P�@E;LJKIP� =FI� K?<� =FLIK?� HL8IK<I� � ��� 8E;� K?<� =@IJK� HL8IK<I� F=� � ���� .?<�D8EL=8:KLI@E>� J<:KFI� =FCCFN<;� K?<� J@D@C8I� KI<E;�F9J<IM<;� 8K� E8K@FE8C� ;<:C@E@E>�9P� �����;LI@E>� K?<� =@IJK� HL8IK<I� F=� � ��� =FCCFN@E>� 8� J@>E@=@:8EK� >IFNK?� F=� ������ @E� K?<�GI<M@FLJ�HL8IK<I��)E�K?<�LGJ@;<�K?<�:FEJKIL:K@FE�J<:KFI�I<:FI;<;�8�JL9JK8EK@8C�8E;�E<8ICP�;FL9C<�;@>@K�>IFNK?�F=������@E�K?<�=@IJK�HL8IK<I�F=�� ����.?@J�N8J�8�>I<8K�@DGIFM<D<EK�@E�K?<�J<:KFI�:FDG8I<;�KF�8�DF;<JK�>IFNK?�F=������GFJK<;�@E�K?<�GI<M@FLJ� HL8IK<I�� 1?FC<J8C<� �� I<K8@C� KI8;<�� ?FK<CJ� �� I<JK8LI8EKJ� 8E;� D@E@E>� �� HL8IIP@E>� G<I=FID<;� 9<KK<I� K?8E� FK?<I�J<:KFIJ�@E�K?<�=@IJK�HL8IK<I�GFJK@E>������8E;������I<JG<:K@M<CP���3.2.3 First Quarter 2014: Regional Comparisons �.?<� J<<D@E>CP� ;<GI<JJ<;� -FLK?� �=I@:8E� <:FEFDP� N8J� 8CJF� <M@;<EK� JG8K@8CCP�� #K� @J� @DGFIK8EK� KF� EFK<� K?8K� D@E@E>� 8E;�D8EL=8:KLI@E>�GC8P<;�8�J@>E@=@:8EK�IFC<�@E�K?<�GFFI�G<I=FID8E:<�F=�JFD<�F=�-FLK?��=I@:8�J�I<>@FE8C�<:FEFD@<J��

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�I@M<IJ�F=�@E=C8K@FE�@E�I<:<EK�K@D<J�8I<���January

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�� .I8EJGFIK�@E:I<8J<;�9P������9<KN<<E� <9IL8IP�� ���8E;�'8I:?�� �����Figure 4.2: Geographical Headline Inflation Rate, Provincial, January - April 2014

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4. INFLATION �.?<�C8JK�<;@K@FE�F=�K?<��QFDEFK?F�GIFKI8:K<;�K?<�@EK<EJ@KP�F=�K?<�@E=C8K@FE8IP�@DG8:K�F=�K?<�<KFCC@E>�JPJK<D�FE�KI8EJGFIK�8E;� @KJ� FM<IJG@CC@E>� <==<:KJ� FE� =FF;� GI@:<J�� .?<� 8EEL8C� @E=C8K@FE� I8K<� F=� K?<� =FF;� 8E;� EFE8C:F?FC@:� 9<M<I8><� @E;<O�:FEK@EL<J� @E� 8E�LGN8I;� KI<E;� I<:FI;@E>�8������?@>?� @E��GI@C� � ��� =IFD�8�D<I<������ @E� $8EL8IP�� �����::FI;@E>� KF� K?<�C@M@E>�:FE;@K@FEJ�JLIM<P�F=�� ��9P�-K8K@JK@:J�-FLK?��=I@:8�@E�GFFI�?FLJ<?FC;J�ALJK�LE;<I�?8C=�F=�8CC�<OG<E;@KLI<���������@J�JG<EK�FE� =FF;�8E;�EFE8C:F?FC@:�9<M<I8><J��1@K?� =FF;�GI@:<J�9<@E>�FE<�F=� K?<�D8@E�;I@M<IJ�F=� @E=C8K@FE�K?<�J?8I<�F=� K?<�GFFI�@E�E8K@FE8C�:FEJLDGK@FE�;<:C@E<J�8J�K?<@I�I<8C�@E:FD<�8CJF�;<<G<EJ���Figure 4.1: Annual Inflation and Producer Price index, South Africa, January - April 2014

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“Building an economy that creates opportunities for all and making tourism to work for us all” 16 17

5. EXCHANGE RATE ��8K8�FE�.I8;@E>��:FEFD@:J�J?FN�K?8K�-FLK?��=I@:8�?8J�9<<E�GFJK@E>�KI8;<�;<=@:@KJ�J@E:<�$8E�� ���<O:<GK�@E�K?<�DFEK?J�F=��<:�� ���8E;� <9�� ���GI@D8I@CP�9<:8LJ<�F=�K?<�;<K<I@FI8K@FE�@E�:FDDF;@K@<J�<OGFIKJ�8E;�?@>?�@DGFIKJ�F=�=L<C�8E;�?@>?�M8CL<� 8;;<;� >FF;J�� �� :FD9@E8K@FE� F=� 8� ?@>?� =@J:8C� ;<=@:@K� 8E;� 8� ?@>?� :LII<EK� 8::FLEK� ;<=@:@K� ?8J� C<=K� K?<� :LII<E:P�MLCE<I89C<��1<8B�<OGFIK�>IFNK?�8;;<;�KF� K?<�N@;<E@E>�F=� K?<� KI8;<�;<=@:@K��"FN<M<I� K?<�� �98J@J�GF@EK� @E:I<8J<� @E� K?<�,<GF�I8K<�@E�$8EL8IP�� ���?8J�J<<E�K?<�,8E;�JKI<E>K?<E�8E;�JK89@C@J<�9<CFN�K?<�/-���� �D8IB���.?@J�@E:I<8J<�@E�@EK<I<JK�I8K<J� ?8J� ?<CG<;� @DGIFM<� K?<� E<K� :LII<EK� 8::FLEK� 98C8E:<� 9P� <E:FLI8>@E>� ;<D8E;� @E� K?<� ,8E;� K?IFL>?� J?FIKK<ID�;<GFJ@KJ� 8E;�9FE;�D8IB<K� I<KLIEJ���CK?FL>?� K?<� -�,��J� GI@D8IP� K8I><K� @J� KF� 8:?@<M<�GI@:<� JK89@C@KP� =LIK?<I� @EK<I<JK� I8K<�?@B<J�N@CC�<E:FLI8><�K?<�,8E;�KF�JKI<E>K?<E������Figure 5.1: Monthly Average Rand/US$ Exchange Rate, January 2006-May 2014 �

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EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 18 19

��C8I><�GFIK@FE�F=�-FLK?��=I@:8�J�@DGFIKJ�N<I<�JFLI:<;�=IFD��J@8��8�J?8I<�F=�������LG�=IFD�8�J?8I<�F=���������LIFG<��������FI�,��9E��8E;��=I@:8��������FI�,��9E����J�@=�KF�8>>I<JJ@M<CP�J<:LI<�@KJ�JGFK�K?<�M8CL<�@DGFIKJ�=IFD��J@8�>I<N�K?<�=8JK<JK�8K�������=FCCFN<;�9P��=I@:8�8K����������Export/import ratio (EIR)���LI@E>�K?@J�G<I@F;��=I@:8�N8J�JK@CC�K?<�FECP�I<>@FE�N@K?�N?@:?�-FLK?��=I@:8�?8;�8E�<OGFIK�@DGFIK�I8K@F�>I<8K<I�K?8E�FE<�������=FI� <M<IP� ,��D@CC@FE�NFIK?� F=� >FF;J� @DGFIK<;� =IFD� ,<JK� F=� �=I@:8� �,F��� KF� -FLK?��=I@:8� ,�����D@CC@FE�N8J� <OGFIK<;�� 8E�@E:I<8J<�=IFD������@E�K?<�J8D<�G<I@F;��.?<�?@>?<I�K?8E�FE<�������#,�@E;@:8K<J�K?8K�K?<�:FEK@E<EK�N8J�K?<�FECP�I<>@FE�N@K?�N?@:?�-FLK?��=I@:8�?8;�8�GFJ@K@M<� KI8;<�98C8E:<�;LI@E>� K?@J�G<I@F;�8E;� K?<� =8CC� @E� K?<� I8K@F�N?@:?� =IFD�8�-FLK?��=I@:8E�GF@EK�F=�M@<N� @J�8�;<:C@E<� @E� KI8;<�JLIGCLJ�J@>E8CJ�8�GFJ@K@M<�FLK:FD<�=FI�FLI�J@JK<I��=I@:8E�:FLEKI@<J�N?<I<�DLKL8C� KI8;<�I<C8K@FEJ�9<KN<<E�-FLK?��=I@:8�8E;�K?<J<�E<@>?9FLI@E>�:FLEKI@<J�?8M<�@DGIFM<;��1@K?�8CC�K?<�FK?<I�I<>@FEJ�-FLK?��=I@:8�?8;�8E��#,�C<JJ�K?8E�FE<�K?<�C<8;<I�9<@E>�K?<�):<8E@8�� �� ��=FCCFN<;�9P��J@8�� �����8E;��LIFG<�� �����8E;�K?<��D<I@:8J�8K� ������ 6.2 What did South Africa trade in?��.89C<�����9<CFN�J?FNJ�-FLK?��=I@:8�J�D<I:?8E;@J<�KI8;<�@E�K?<�=@IJK�HL8IK<I�F=�K?<�P<8I�9P�GIF;L:K�>IFLG�FI�:?8GK<I���Table 6.2: Export & Import Trade by Product, South Africa, Q1:2013 & Q1:2014

��$�#�!%� ��

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Total 240 828.3 206 822.7 16.4%

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268 514.4 228 428.5 17.5% 0.90 0.91

6 INTERNATIONAL TRADE �6.1 South Africa’s trade position, Q4:2013: Who did South Africa trade with? �.89C<�����9<CFN�J?FNJ�-FLK?��=I@:8�J�KI8;@E>�JK8K@JK@:J�=FI�K?<�� ���P<8I�9P�:FEK@E<EK�FI�I<>@FE���Table 6.1: Trade by World Zone (incl ships/aircraft stores), South Africa, Q1:2013 & 2014

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Total

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240 828.3 206 822.7 16.4% 268 514.4 228 428.5 17.5% �� � ����

-27 686.1 -21 605.8

Source: SARS, 2014 �

Exports ��::FI;@E>�KF�K?<�-FLK?��=I@:8E�,<M<EL<�-<IM@:<J��-�,-��-FLK?��=I@:8�<OGFIK<;�GIF;L:KJ�NFIK?�8E�<JK@D8K<;�,�� ���9@CC@FE�9<KN<<E� $8EL8IP� 8E;�'8I:?�� ��� 8E�<JK@D8K<;������� @E:I<8J<� =IFD�,� ����9@CC@FE� I<:FI;<;�;LI@E>� K?<� J8D<�G<I@F;� @E�� ����.89C<��������J@8�N8J�JK@CC�K?<�:FLEKIP�J�C<8;@E>�<OGFIK�;<JK@E8K@FE��89JFI9@E>�,���9@CC@FE��9E��F=�-FLK?��=I@:8�J�<OGFIKJ�8�J?8I<�F=�������LG�=IFD�8�J?8I<�F=�� ����@E�K?<�:FII<JGFE;@E>�HL8IK<I�@E�� ����.?<�I<JK�F=��=I@:8�N8J�K?<�:FLEKIP�J�J<:FE;�C8I><JK�<OGFIK�D8IB<K�89JFI9@E>�,��9E��FI��������F=�-FLK?��=I@:8�J�<OGFIK�M8CL<�=FCCFN<;�9P��LIFG<�8K�,��9E��FI����������#E�>IFNK?�K<IDJ�K?<�M8CL<�F=�-FLK?��=I@:8�J�<OGFIKJ�KF�K?<�I<JK�F=�K?<��=I@:8E�:FEK@E<EK�>I<N�K?<�=8JK<JK�8K��������FI�,��9E��;LI@E>�K?@J�G<I@F;�=FCCFN<;�9P�K?8K�F=�>FF;J�;<JK@E<;�=FI��LIFG<��������FI�,����9E��8E;��J@8�8K�� ���FI�,��9E���.?@J�@J�ALJK�8EFK?<I�@E;@:8K@FE�F=��=I@:8�J�>IFN@E>�@DGFIK8E:<�KF�-FLK?��=I@:8�J�KI8;<�JL::<JJ��.?<�M8CL<�F=�<OGFIK�>FF;J�B<GK�8K�J?@GJ�8E;�FI�8@I:I8=K�JKFI<J�N8J�,����D@CC@FE��FI������@E:I<8J<�=IFD�,����D@CC@FE�I<:FI;<;�=IFD�=@IJK�HL8IK<I�F=�� ������Imports �1?@C<�-FLK?��=I@:8�J�<OGFIKJ�HL@:B<E<;�KF�8�:LDLC8K@M<�,�� ���9@CC@FE�@E�K?<�=@IJK�HL8IK<I�F=�� ����������:FDG8I<;�KF�K?<�J8D<�G<I@F;�@E�� ����K?<�M8CL<�F=�K?<�:FLEKP�J�@DGFIKJ�N8J�8E�<JK@D8K<;�,������9@CC@FE�JFD<�������@E:I<8J<�FM<I�K?<�J8D<�G<I@F;���J�@J�8CDFJK�K?<�EFID�K?<�KI8;<�98C8E:<�;LI@E>�K?@J�G<I@F;�N8J�N@;<I�8K�T,����9E�:FDG8I<;�KF�K?<�=@IJK�HL8IK<I�F=�� ���8K�T,����9E���

Page 17: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 20 21

6.3 What did SA trade with the rest of the Continent?��Figure 6.1: Detailed Exports by Product to Africa, South Africa, January-April 2014

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EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 22 23

6.4 KZN Trade Performance 2013 �::FI;@E>� KF�+L8EK<:� %N84LCL(8K8C�<OGFIK<;�>FF;J�M8CL<;�8K�,��9E� C8JK� P<8I� =IFD�,��9E� @E�� ���� #EK<I<JK@E>� KF� K?<�%N84LCL(8K8C� KI8;<�G<I=FID8E:<� @J� K?<�/-�� J<8C<;�JFC@;�GFJ@K@FE�8J� K?<�GIFM@E:<�J�<OGFIK�;<JK@E8K@FE�N@K?�8E� @E:I<8J<;�J?8I<�:FDG8I<;�KF�?8C=�8�;<:8;<�<8IC@<I��� ����MJ�������N?@C<�$8G8E�J�J?8I<�J?I8EB�8�9@K�KF������=IFD��������CJF�F=�@EK<I<JK�@J�8J:<EJ@FE�F=��=I@:8E�:FLEKI@<J� @E� K?<� KFG�� �<OGFIK�;<JK@E8K@FEJ� �G8IK@:LC8ICP��C><I@8�� KF><K?<I�89JFI9@E>�������F=� K?<�GIFM@E:<�J�KFK8C�<OGFIKJ��)M<I8CC�K?<�GIFM@E:<�J�KI8;<�N@K?�K?<�C<8;@E>�;<JK@E8K@FE�D8IB<KJ�J?I8EB�KF�������=IFD�������=@M<�P<8IJ�<8IC@<I�8E�@E;@:8K@FE�F=�;@M<IJ@=@:8K@FE�@E�KI8;@E>�G8IKE<IJ��.89C<��������Table 6.3: KwaZulu-Natal’s Leading Export and Import Markets, 2009 & 2013

Source: Quantec Research, 2014

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���� ��� ���� United States 9.5% United States 10.4% China Japan 7.8% China 6.4% Japan China 6.1% Japan 4.9% Germany United Kingdom 4.7% United Kingdom 4.7% United States Netherlands 4.6% Netherlands 4.6% Australia Republic of Korea 3.6% Algeria 3.5% Argentina Indonesia 3.3% Zambia 3.4% Thailand Nigeria 3.2% India 3.3% United Kingdom Mozambique 2.9% Mozambique 3.2% India Zambia 2.8% Zimbabwe 3.1% Malaysia

Top Ten Share of Total 48.5% 47.5%� 70.9%

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� ���16.7% China 13.5% 13.5% Japan 11.1%

8.1% Saudi Arabia 7.9% 6.4% India 5.8% 6.2% Thailand 5.2% 5.8% Angola 5.1% 4.8% Australia 4.3%

United Kingdom 3.4% Germany 3.8% 3.0% Singapore 3.2% 3.0% United States 3.2%

70.9% 62.9%�

Source: Quantec Research, 2014 �

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Figure 6.2: Detailed Exports by Product to Africa, South Africa, January-April 2014

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EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 24 25

By Sector Figure 7.2: Growth in GFCF by Economic Sector (Q-t-Q, SAA*), Q1-Q4:2013

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Source: TIKZN calculations using South Africa Reserve Bank data, 2014 Note: * indicates seasonally adjusted and annualised. ��

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EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 26 27

By Type of Business��Figure 7.4: Growth in GFCF by Type of Business(Q-t-Q, SAA*), Q1-Q4:2013

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EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 28 29

89FLK� K?<� =LKLI<�� .?<� ;<:C@E<� J8PJ� JFD<K?@E>� 89FLK� K?<� :FE=@;<E:<� C<M<C� F=� K?<� G<FGC<� 8K� K?<� 9FKKFD� 8E;� K?<� JD8CC<I�9LJ@E<JJ�C<M<CJ�@E�%N84LCL(8K8C�N?@:?�@J�NFII@JFD<�����Building Investment Down Again ��L@C;@E>J�@EM<JKD<EK�N8J�;FNE�=FI�8�J<:FE;�:FEJ<:LK@M<�DFEK?�8E;�=<CC������P<8IFEP<8I�8E;�� ����HL8IK<IFEHL8IK<I��.?@J� N8J� ;L<� KF� 8� ���� ;<:C@E<� @E� I<J@;<EK@8C� 9L@C;@E>J� N?@C<� EFEI<J@;<EK@8C� 9L@C;@E>J� @E:I<8J<;� 9P� ����� &LD9<I� J8C<J�@E:I<8J<;� ������ 8E;� K?<� :FDGC<K@FE�F=� ,�*�?FLJ<J� J?FN<;�EF� :?8E><� @E� K?<� C8JK� KNF�DFEK?J� 8;;@E>� KF� K?<�E<>8K@M<�KI<E;�@E�K?<�9L@C;@E>J�@E;<O��.?@J�@E;@:8K<J�K?8K�K?<�N?FC<�:FEJKIL:K@FE�J<:KFI�@J�LE;<I�GI<JJLI<����Civil Construction Investment on Slippery Slope ��<JG@K<�K?@J�GI<JJLI<� @EM<JKD<EK� @E�:@M@C�:FEJKIL:K@FE�JK@CC�D8E8><;�KF�>IFN������P<8IFEP<8I�K?<�JCFN<JK�>IFNK?� @E����DFEK?J�� +L8IK<IFEHL8IK<I� :@M@C� :FEJKIL:K@FE� @EM<JKD<EK� N8J� ;FNE� ����� D8@ECP� ;L<� KF� IF8;� NFIBJ� N?@:?� JL;;<ECP�;<:I<8J<;�9P��������#EM<JKD<EK�@E�9L@C;@E>�D8K<I@8CJ�C@B<�:<D<EK�JKFE<J�D@CCJKFE<J�89I8J@M<�GFN;<I�8E;�JC8>�NFFC�?8M<�G@:B<;� LG� ����� N?@:?� @E;@:8K<J� K?8K� K?<I<� @J� JFD<� JFIK� F=� 9L@C;@E>� 8:K@M@KP� >F@E>� FE� 8G8IK� =IFD� ?FLJ<J� 8E;� K?<� EFEI<J@;<EK@8C�J<:KFI��#K�@J�JL>><JK<;�K?8K�K?<I<�@J�JFD<�8:K@M@KP�@E�:@M@C�:FEJKIL:K@FE�G<I?8GJ�K?<�9L@C;@E>�F=�;8DJ�8E;�9I@;><J��#K�:8E�9<�J8@;�N@K?�:<IK8@EKP�K?FL>?�K?8K�@K�:FLC;�EFK�9<�8KKI@9LK<;�KF�IF8;�9L@C;@E>��.?<�GLI:?8J<J�F=�JKIL:KLI8C�JK<<C�8I<�;FNE������8=K<I�>IFN@E>�=FI�K?I<<�DFEK?J��.?@J�@J�GIF989CP�;L<�KF�G<FGC<�?FC;@E>�98:B�FE�JFD<�GIFA<:KJ�8J�K?<P�N8@K�=FI�FK?<I�K?@E>J�KF�J<KKC<�JL:?�8J�JKI@B<J�@E�K?<�GC8K@ELD�9<CK�8E;�<C<:K@FE�9CL<J����Transfers Investment’s Growth Slows Down �#EM<JKD<EK�@E�KI8EJ=<IJ�>I<N�� ����P<8IFEP<8I�9LK�K?@J�N8J�K?<�JCFN<JK�>IFNK?�@E�J@O�DFEK?J�@E;@:8K@E>�8�JCFN;FNE�@E�C@E<� N@K?� N?8K� @J� ?8GG<E@E>� @E� K?<� I<J@;<EK@8C� 9L@C;@E>� J<:KFI� 8E;� :@M@C� :FEJKIL:K@FE�� .?<� 9L@C;@E>� J<:KFI� 8E;� KI8EJ=<IJ�LJL8CCP�=FCCFN�K?<�J8D<�KI<E;J�8CK?FL>?�K?<I<�@J�8�C8>�9<KN<<E�K?<�KNF��.I8EJ=<IJ�=<CC������FE�8�HL8IK<ICP�98J@J���Machinery Investment Decreases �#EM<JKD<EK�@E�D8:?@E<IP�8E;�I<C8K<;�<HL@GD<EK�8::FLEKJ�=FI�����F=�=@O<;�@EM<JKD<EK�@E�%N84LCL(8K8C�N?@:?�D<8EJ�K?<������P<8IFEP<8I�=8CC� @E�K?@J�@EM<JKD<EK�:8K<>FIP�?8J�D8K<I@8C�<==<:K�FE�K?<�FM<I8CC�@E;<O��#DGFIK<;�D8:?@E<IP�N8J�;FNE�������N?@:?�J?FNJ�K?8K�D8:?@E<IP�GLI:?8J<J�GIF989CP�N<I<�8==<:K<;�9P�K?<�N<8B�,8E;�F=��<:<D9<I�KF� <9IL8IP�N?@:?�JKFGG<;�G<FGC<�=IFD�9LP@E>�DFI<�<HL@GD<EK�N?<E�@K�N8J�EFK�E<<;<;���#EM<JKD<EK�@E�CF:8C�D8:?@E<IP�N8J�LG�8CDFJK����J?FN@E>� K?8K� JFD<�9LJ@E<JJ<J� 8I<�8CJF�FGK@E>� =FI� CF:8C�>FF;J�9<:8LJ<� @K� @J� :?<8G<I�>@M<E� K?<�N<8BE<JJ� @E� K?<�,8E;��)=�:FE:<IE�@J�K?<�=8:K�K?8K�9LJ@E<JJ<J�;F�EFK�J<<D�KF�9<�LG>I8;@E>�K?<@I�<HL@GD<EK�FE�8�C8I><�J:8C<�KF�K8B<�8;M8EK8><�F=�K?<�:FDG<K@K@M<�<;><�K?<�N<8B�,8E;�F==<IJ��#K�@J�8CJF�GFJJ@9C<�K?8K�GFN<I�:FEJKI8@EKJ�8I<�@E?@9@K@E>�9LJ@E<JJ<J�=IFD�@EM<JK@E>�@E�<OG<EJ@M<�<C<:KI@:@KP�?<8MP�D8:?@E<IP���Table 7.1: Summary of Results, February 2014 � �

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Page 22: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 30 31

Flexiton paper mill upgrade project: Mpact .?<�GIFA<:K� @J�<EM@J8><;�KF� @E:I<8J<�K?<�D@CCRJ�:8G8:@KP�9P�� �KFEJ�G<I�P<8I� �K�P�� KF���� �K�P��)E�:FDGC<K@FE�F=�K?<�GIFA<:K�K?<�LG>I8;<;�D@CC�N@CC�LJ<�FECP�I<:P:C<;�=@9I<�@E�K?<�D8EL=8:KLI@E>�GIF:<JJ� Liquefied petroleum gas storage facility project: Petredec *<KI<;<:�?8J�<EK<I<;� @EKF�8�D<DFI8E;LD�F=�LE;<IJK8E;@E>�N@K?�8� C<8;@E>� K<ID@E8C�FG<I8KFI� I<>8I;@E>� =8:@C@K@<J� =FI� K?<�JKFI8><� F=� C@HL<=@<;� G<KIFC<LD� >8J� @E� -FLK?� �=I@:8�� .?<� FG<I8KFI� N@CC� 9L@C;� 8E;� C<8J<� JKFI8><� =8:@C@K@<J� KF� *<KI<;<:�<E:FDG8JJ@E>�8�D@E@DLD�F=�� �KFEJ� �K�� @E�,@:?8I;J��8P�8E;�� K� @E�$F?8EE<J9LI>��.?<� =8:@C@KP� @E�,@:?8I;J��8P�N@CC�@E:CL;<�9FE;<;�JKFI8><�8E;�@J�<OG<:K<;�KF�JLGGCP�FK?<I�GFIKJ�@E�-FLK?��=I@:8�8E;�J<89FIE<�<OGFIKJ�KF�:FEK@>LFLJ�E8K@FEJ� Northern aqueduct augmentation project: eThekwini Municipality �FEJKIL:K@FE�F=�K?<�(FIK?<IE��HL<;L:K��L>D<EK8K@FE��(����JK8IK<;�@E�'8I:?��.?<�(���GIFA<:K�=FIDJ�G8IK�F=�K?<�<.?<BN@E@�JKI8K<>@:�D8JK<I�GC8E�KF�;<8C�N@K?�K?<�@E:I<8J@E>�;<D8E;�=FI�N8K<I�@E�K?<�EFIK?<IE�I<>@FEJ�F=��LI98E��.?<�GIFA<:K�N@CC�@EA<:K��� D@CC@FE�C@KI<J�8�;8P�F=�N8K<I�@EKF�K?<�8I<8��.?<�JLGGCP�8I<8�N@CC�@E:CL;<�K?<�EFIK?<8JK<IE�I<>@FEJ�F=��LI98E�EFIK?�F=�K?<�/D><E@� I@M<I� JFLK?� F=� K?<� .FE>88K� I@M<I� 8E;� <8JK� F=� (KLQLD8�� /I98E� ;<M<CFGD<EKJ� GC8EE<;� =FI� �FIEL9@8� %@E>� -?8B8��@IGFIK��L9<�.I8;<�*FIK�8E;�K?<�JLIIFLE;@E>�I<>@FEJ�N@CC�8CJF�9<E<=@K�=IFD�K?<�GIFA<:K��18K<I�=IFD�K?<�1<JK<IE�8HL<;L:K��1���GIFA<:K� @J�GIFGFJ<;�KF�9<� @EA<:K<;�@EKF�K?<�(���JPJK<D�K?IFL>?�8�G@G<C@E<� C@EB@E>��D8:?F9<E@�KF�/D?C8E>8�,F:BJ��.?<�GIFA<:K�N@CC�@E:CL;<�JFD<�F=�K?<�I<J<IMF@IJ�@E�(KLQLD8�8E;�*?F<E@O�8J�N<CC�8J�K?<��C8:B9LIE�I<J<IMF@I�@E��FIEL9@8� Mkuze biomass project: Navosync .?<�����'1�'BLQ<�9@FD8JJ�GIFA<:K� CF:8K<;��� BD�EFIK?�F=�,@:?8I;J��8P�N8J�8N8I;<;�GI<=<II<;�9@;;<I�JK8KLJ� @E�IFLE;�K?I<<� F=� K?<� �<G8IKD<EK� F=� ,<JFLI:<J�� ,<E<N89C<� �E<I>P� #E;<G<E;<EK� *FN<I� *IF;L:<I� *IF:LI<D<EK� *IF>I8DD<� @E�):KF9<I�� ���� .?<� =8:@C@KP�N@CC� 9LIE� JL>8I� :8E<� KFGJ�8E;� KI8J?� KF�><E<I8K<�?@>?HL8C@KP�98J<CF8;�GFN<I�� .?<�D8@E�GC8EK�:FDGFE<EKJ� N@CC� :FEJ@JK� F=� 8� 9F@C<I� JK<8D� KLI9@E<� 8� ><E<I8KFI� 8E;� 8� =L<C� ?8E;C@E>� JPJK<D�� .?<� <EK@I<� GC8EK� N@CC� 9<�:FEKIFCC<;�9P�K?<�C8K<JK�<C<:KIFE@:�;@JKI@9LK<;�:FEKIFC�JPJK<D�K<:?EFCF>P�8E;�8CC�K?<�:FEE<:K@FE�NFIBJ�F=�K?<�GFN<I�GC8EK�KF�K?<�<O@JK@E>��JBFD�JL9JK8K@FE�N@CC�9<�G<I=FID<;�9P��JBFD� � �

7.3 Some Major Infrastructure Projects in KwaZulu-Natal Flour mill project: Bakhresa SA (a TIKZN-facilitated project) .?<�/-�� D@CC@FE�GIFA<:K�N?@:?� @EMFCM<J� K?<�LG>I8;<�F=� K?<�FC;�/E@FE� CFLI�'@CC� =8:@C@KP� @E��LI98E� KF� 8� =8:@C@KP�N@K?�8�D@CC@E>�:8G8:@KP�F=��� �KFEJ�G<I�;8P��K�;��GI@D8I@CP�J<IM@:@E>�K?<�CF:8C�D8IB<K�@J�<OG<:K<;�KF�9<�:FDGC<K<;�9P�D@;� �����Thukela pipeline project: Umgeni Water �JFI�N8J� I<:<EKCP� 8N8I;<;� K?<� K<E;<I� =FI� K?<� G@G<C@E<� GIFA<:K�� .?@J� GIFA<:K� =FIDJ�G8IK� F=� K?<� &FN<I� .?LB<C8� �LCB�18K<I�-LGGCP�-:?<D<�K?8K�N@CC�<OK<E;�/D><E@�18K<I�J�9LCB�N8K<I�@E=I8JKIL:KLI<�JPJK<D�8CFE>�K?<�%N84LCL(8K8C�EFIK?�:F8JK�8I<8�KF�D<<K�K?<�<M<I@E:I<8J@E>�;<D8E;J�F=�K?<�GFGLC8K@FE�@E�K?@J�8I<8���.?<� GIFA<:K� @EMFCM<J� K?<� @EJK8CC8K@FE� F=� ��BD� F=� �(� � :FEK@ELFLJCP� N<C;<;� JK<<C� G@G<� N@K?� �DD� 8E;� �DD� N8CC�K?@:BE<JJ<J� 9<KN<<E� K?<��FDD8E;� I<J<IMF@I� E<8I�'8E;@E@� 8E;� K?<�'MFK@� I<J<IMF@I� 8K� %N8�LBLQ8-K8E><I� @E� %N84LCL(8K8C���@>?K�G@G<A8:BJ�=FLI�9<E<8K?�D8AFI�IF8;J�8E;�=FLI�9<E<8K?�FG<I8K@FE8C�I8@CN8P�C@E<J�N@CC�8CJF�9<�9L@CK���D-1867 road upgrade project: KwaZulu-Natal Department of Transport .?<�GIFA<:K�@EMFCM<J�K?<�����BD�LG>I8;<�F=�K?<�IF8;�������F==�K?<�(��9<KN<<E�*FE>FC8�8E;�*@<K�,<K@<=�=IFD�>I8M<C�KF�K8I� Durban port upgrade and expansion project: Transnet .I8EJE<K� ?8J� 8N8I;<;� 8� :FEKI8:K� KF� 8� AF@EK� M<EKLI<� :FDGI@J@E>� -K<=8ELKK@� -KF:BJ�'8I@E<� 8E;��OJPJ� #E=8JKIL:KLI<� =FI� K?<�I<:FEJKIL:K@FE�F=�K?<�JK<<C�J?<<K�G@C<�HL8P�N8CCJ�8K�'8P;FE�1?8I=�@E��LI98E� Ingula pumped-storage scheme project: Eskom .?<� #E>LC8� GLDG<;JKFI8><� J:?<D<� CF:8K<;� N@K?@E� K?<� &@KKC<� �I8B<EJ9<I>� DFLEK8@E� I8E><� ��BD� EFIK?<8JK� F=� 08E�,<<E<E�J�*8JJ�N@CC�:FDGI@J<�8E�LGG<I�;8D���<;=FI;��8E;�8�CFN<I�;8D���I88D?F<B���.?<�LGG<I�I<J<IMF@I�J@K<�@J� CF:8K<;�@E�K?<� I<<�-K8K<�8E;�K?<�CFN<I�I<J<IMF@I�J@K<�@E�%N84LCL(8K8C��.?<�<J:8IGD<EK�=FIDJ�K?<�9FI;<I�9<KN<<E�K?<�KNF�GIFM@E:<J��.?<� ;@JK8E:<� 9<KN<<E� K?<� LGG<I� 8E;� CFN<I� I<J<IMF@IJ� N@CC� 9<� ���BD� N@K?� 8E� <C<M8K@FE� ;@==<I<E:<� F=� 89FLK� �� D�� .?<�I<J<IMF@IJ� N@CC� 9<� :FEE<:K<;� K?IFL>?� LE;<I>IFLE;� N8K<IN8PJ� 8E;� K?<� LE;<I>IFLE;� GFN<I?FLJ<� :FDGC<O� N?@:?� N@CC�?FLJ<�=FLI�����'<>8�18KK� �'1��GLDG�KLI9@E<J�N@K?�8�KFK8C�:8G8:@KP�F=�����'1�8�D8:?@E<�?8CC�8�KI8EJ=FID<I�?8CC�8E;�8JJF:@8K<;�KLEE<CJ�J?8=KJ�8E;�:8M<IEJ��#K�@J�GC8EE<;�KF�9<�=LCCP�FG<I8K@FE8C�@E�� ���

Page 23: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 32 33

Table 8.1: Labour Market Aggregates, 2013:Q3&Q4 & 2014:Q1���

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��"�� ��"�� ���"�� �-=96?>0��3,820� !0<.08>,20��3,820�

%39?=,8/=� ;�9�;� C�9�C� ;�9�;� C�9�C�

KwaZulu-Natal Labour Market Aggregates (Thousands) 1FIB@E>��><�*FGLC8K@FE� ������ ����������� ����������� ���������� ����� ��� �����DGCFP<;� ������ ������������ ����������� ������ �� � ���� � � ����(8IIFN�/E<DGCFP<;� ���� ������������� ������������ ���������� ����� ���� ����(8IIFN�&89FLI� FI:<� �� ��� ������������ ����������� ���������� ������ �� � �����IF8;�/E<DGCFP<;� ���� � ������� �� ����������� ���������� � ���� ���� �����IF8;�&89FLI� FI:<� ������ ������������ ������� ��� ���������� ������ ���� �����@J:FLI8><;�1FIBJ<<B<IJ� ���� ������������� ��������� �� ���������� ����� ���� �����Labour Force Participation (Percent) (8IIFN�& *�,8K<� ����� ������������ ������������ ������� ���� ������������IF8;�& *�,8K<� ����� ������������� ������������� ��������� �� �����������Unemployment Rate (Percent)�(8IIFN�/E<DGCFPD<EK�,8K<� � ��� ������������� ������� ���� ������� ���� ������ �����IF8;�/E<DGCFPD<EK�,8K<� ����� ������������� ������������� ������������ �������������9JFIGK@FE�,8K<� ����� ������������� ������������ ������ ���� �������� ��South Africa Labour Market Aggregates (Thousands) 1FIB@E>��><�*FGLC8K@FE� ������� ����� ���� ����������� ��������� ���� ������� ���� �����DGCFP<;� ������� ����������� ������ ���� ������� ���� ����� ���� ����(8IIFN�/E<DGCFP<;� ������ �������� �� ������ ���� ��������� � �� ������������ ����(8IIFN�&89FLI� FI:<� ����� � ��� � ��� ��� ������ ��������� � �� ������� ���� �����IF8;�/E<DGCFP<;� ������ ������� � �� ����������� ��������� ���� ������������ �����IF8;�&89FLI� FI:<� ������� ������ ��� ���������� �������� ���� ������������ �� ��@J:FLI8><;�1FIBJ<<B<IJ� ��� �� ������� �� ������������ ��������� ��� ��������� �� ����Labour Force Participation (Percent) (8IIFN�& *�,8K<� ����� ������������� ������������� ������� ���� �� ��IF8;�& *�,8K<� ����� ������������� ������������ ������� ���� ���Unemployment Rate (Percent)�(8IIFN�/E<DGCFPD<EK�,8K<� ��� � ������������� ������������ ��������� �� ����IF8;�/E<DGCFPD<EK�,8K<� ����� ������������� ���������� �� ������������ ����9JFIGK@FE�,8K< ����� ������������� ������������ �� �� ������ ���� ���

Source: DEDT calculations based on QLFS (Stats SA, 2014) Source: DEDT calculations based on QLFS (Stats SA, 2014) ���#E� %N84LCL(8K8C� ���� D@CC@FE� G<FGC<� N<I<� N@K?@E� K?<� NFIB@E>� 8><J� F=� ��� KF� ��� P<8IJ� 8J� F=� K?<� =@IJK� HL8IK<I� F=� � ���I<GI<J<EK@E>� 8� HL8IK<ICP� @E:I<8J<� F=� ����FI� 8� ����� I@J<� =IFD� 8� P<8I� 8>F��1?@C<� E8K@FE8C� <DGCFPD<EK� ;IFGG<;� 9P� ����9<KN<<E�K?<�C8JK�HL8IK<I�F=�� ���8E;�K?<�=@IJK�HL8IK<I�F=�� ���%N84LCL(8K8C�<DGCFPD<EK�N8J�M@IKL8CCP�LE:?8E><;�8K�����D@CC@FE�9LK�8;;<;�� � �AF9J�DFI<�K?8E�8�P<8I�8>F��(8IIFN�LE<DGCFPD<EK�@E:I<8J<;�9P��� �FI������=IFD�8�HL8IK<I�8>F�KF�I<8:?���� ���J�8�I<JLCK�K?<�F==@:@8C�LE<DGCFPD<EK�I8K<�@E�K?<�GIFM@E:<�8;;<;� ���G<I:<EK8><�GF@EKJ�KF�:CFJ<�8K�� ���� ����G<I:<EK8><�GF@EKJ� CFN<I� K?8E� K?<�E8K@FE8C� 8M<I8><�� .?<� I8K<�F=�;@J:FLI8><D<EK� @E� K?<�GIFM@E:<�NFIJ<E<;�8J�I<=C<:K<;� @E� K?<� ����� I@J<� @E� K?<� ELD9<I� F=� ;@J:FLI8><;�NFIB� J<<B<IJ�� �J� 8� I<JLCK� <OG8E;<;� LE<DGCFPD<EK� I8K<� @E� K?<�GIFM@E:<�@J�<JK@D8K<;�8K�������@E�K?<�=@IJK�HL8IK<I�F=�� �����Employment to Population Ratio .?<�I8K@F�F=�<DGCFPD<EK�KF�NFIB@E>�8><�GFGLC8K@FE�JFD<K@D<J�BEFNE�8J�K?<�89JFIGK@FE�I8K@F�@J�8E�@DGFIK8EK�@E;@:8KFI�F=�K?<�89@C@KP�F=�8E�<:FEFDP�KF�GIFM@;<�<DGCFPD<EK�KF� @KJ�>IFN@E>�GFGLC8K@FE����;<:C@E<�@E�K?<�I8K@F� @J�F=K<E�I<>8I;<;�8J�8�>8L><�F=�<:FEFD@:�JCFN;FNE�8�;<:C@E<�@E�KFK8C�<DGCFPD<EK�FI�8E�@E;@:8K@FE�F=�8E�<M<E�DFI<�J<M<I<�<:FEFD@:�I<:<JJ@FE��

8. LABOUR MARKET TRENDS��8.1 Introduction �#E:I<8J@E>� AF9� FGGFIKLE@K@<J� 8E;� ;<:<EK� NFIB� 8I<� B<P� I<HL@I<D<EKJ� =FI� 8KK8@E@E>� @E:CLJ@M<� >IFNK?� 8E;� K?<� KNF� 8I<�@DGFIK8EK� =FI�8;M8E:@E>�<:FEFD@:�8E;�JF:@8C�;<M<CFGD<EK� @E�8�:FLEKIP��.?@J�8GGIF8:?�KF�8KK8@E@E>�<:FEFD@:�8E;�JF:@8C�N<8CK?� @J� 98J<;� FE� I<C@89C<� <DG@I@:8C� I<J<8I:?� 8E;� JK8K@JK@:8C� <M@;<E:<�� 8E;� @J� @E:I<8J@E>CP� 8::<GK<;� 9P� FI>8E@J8K@FEJ�<EKILJK<;�N@K?�K?<�;<M<CFGD<EK�8><E;8�>CF98CCP���#E� -FLK?��=I@:8�� K?<� PFLK?� �8><;���� KF� ��� P<8IJ�� G<FGC<�N@K?� CFN� C<M<CJ� F=� <;L:8K@FE8C� 8KK8@ED<EK� 8E;�NFD<E� K<E;� KF�<OG<I@<E:<� K?<�>I<8K<JK�;@J8;M8EK8><J� @E� K?<� C89FLI�D8IB<K�� .?<I<�8I<�?FN<M<I� 8�ELD9<I�F=� JKI8K<>@<J� K?8K�?8M<�9<<E�;<M<CFG<;� KF� :FLEK<I� 8><� ><E;<I� FI� <;L:8K@FE� 98J<;� ;@J8;M8EK8><J� 8E;� GIFDFK<� <HL8C@KP� =FI� 8CC� NFIB@E>� G<FGC<�� .F�;F:LD<EK� K?<J<�8E;�FK?<I�;PE8D@:J� K?@J� J<:K@FE�GI<J<EKJ� 8E� 8E8CPJ@J�F=� K?<� C89FLI�D8IB<K�;<M<CFGD<EKJ� =FI� K?<� K?I<<�DFEK?J�<E;@E>�'8I:?�� ����.?<�8E8CPJ@J� @J� 8CDFJK� <O:CLJ@M<CP�98J<;�FE� K?<�+L8IK<ICP�&89FLI�-LIM<P� 8� I<G<8K<;�:IFJJJ<:K@FE8C�?FLJ<?FC;�JLIM<P�:FE;L:K<;�HL8IK<ICP�9P�-K8K@JK@:J�-FLK?��=I@:8� �-K8KJ�-���T�K?<�F==@:@8C�JK8K@JK@:8C�8><E:P� @E�K?<�:FLEKIP�� � �� :FE:@J<�LE;<IJK8E;@E>�F=� K?<� C89FLI�D8IB<K� <E?8E:<J� K?<�;<J@>E�F=� 8:K@M<�GFC@:@<J� K?8K� @E:CL;<�8:K@M@K@<J� KF�=FJK<I�HL8C@KP�F=�C89FLI�JLGGCP��<�>��KI8@E@E>��@E:I<8J<�C89FLI�;<D8E;��<�>��GL9C@:�NFIBJ�GIF>I8DD<�PFLK?�<DGCFPD<EK�K8O�@E:<EK@M<�� KF� @DGIFM<�D8K:?@E>�F=�NFIB<IJ� 8E;� AF9J� �<�>�� AF9� J<8I:?� 8JJ@JK8E:<� <DGCFPD<EK� 8><E:@<J�� FI� KF� =FJK<I� J<C=<DGCFPD<EK�8E;�<EKI<GI<E<LIJ?@G���.?<� I<D8@E;<I� F=� K?<� J<:K@FE� @J� ;@M@;<;� 8J� =FCCFNJ�� =@IJK� 8E� FM<IM@<N� F=� B<P� E8K@FE8C� 8E;� GIFM@E:@8C� C89FLI� D8IB<K�8>>I<>8K<J�� J<:FE;� 8E� 8E8CPJ@J� F=� C89FLI� =FI:<� G8IK@:@G8K@FE� @E� %N84LCL(8K8C�� K?@I;� 8� :FEJ@;<I8K@FE� F=� <DGCFPD<EK�;<M<CFGD<EKJ�@E�K?<�GIFM@E:<��8E;�=FLIK?�8E�8E8CPJ@J�F=�LE<DGCFPD<EK�@E�K?<�GIFM@E:<���� 8.2 Overview of the Labour Market ��EP�8E8CPJ@J�F=�K?<�C89FLI�D8IB<K�J<KJ�F==�N@K?�8E�LE;<IJK8E;@E>�F=�K?<�J@Q<�8E;�:FDGFJ@K@FE�F=�K?<�GFGLC8K@FE��*FGLC8K@FE�:FEJK@KLK<J�K?<�?LD8E�:8G@K8C�F=�8�E8K@FE�FI�K?<�GFK<EK@8C�C89FLI�JLGGCP�K?LJ�LE;<IJK8E;@E>�@KJ�JKIL:KLI<�9<:FD<J�8�B<P�F9A<:K@M<�N@K?@E� C89FLI�D8IB<K�8E8CPJ<J� =FI� KNF� I<8JFEJ�� @IJKCP� K?<�NFIB@E>�8><�GFGLC8K@FE�T�:FDGI@J@E>�8CC� @E;@M@;L8CJ�8><;� 9<KN<<E� ��� 8E;� ��� P<8IJ� N?<K?<I� FI� EFK� K?<P� 8I<� <:FEFD@:8CCP� 8:K@M<� :FEJK@KLK<� 8� =8:KFI� F=� GIF;L:K@FE� 8E;� @KJ�8GK@KL;<�8E;�JB@CC�:FEKI@9LK<J�KF�K?<�GIF;L:K@M@KP�F=�K?<�<:FEFDP��-<:FE;CP�=IFD�8�JF:@8C�GF@EK�F=�M@<N�;@==<I<EK�:8K<>FI@<J�F=� K?<� GFGLC8K@FE� =FID� JF:@8C� >IFLGJ� F=� G8IK@:LC8I� :FE:<IE� 8E;�D<<K@E>� K?<@I� E<<;J� 8I<�D8AFI� :?8CC<E><J� K?8K� :FE=IFEK�GL9C@:�@EJK@KLK@FEJ�8E;�JF:@<KP�8K�C8I><���.?<� I<D8@E;<I� F=� K?<� J<:K@FE� @J� ;@M@;<;� 8J� =FCCFNJ�� =@IJK� 8E� FM<IM@<N� F=� B<P� E8K@FE8C� 8E;� GIFM@E:@8C� C89FLI� D8IB<K�8>>I<>8K<J�� J<:FE;� 8E� 8E8CPJ@J� F=� C89FLI� =FI:<� G8IK@:@G8K@FE� @E� %N84LCL(8K8C�� K?@I;� 8� :FEJ@;<I8K@FE� F=� <DGCFPD<EK�;<M<CFGD<EKJ�@E�K?<�GIFM@E:<��8E;�=FLIK?�8E�8E8CPJ@J�F=�LE<DGCFPD<EK�@E�K?<�GIFM@E:<���.89C<�����GI<J<EKJ� K?<�B<P� C89FLI�D8IB<K�8>>I<>8K<J� =FI� K?<�<:FEFD@<J�F=�%N84LCL(8K8C�GIFM@E:<�8E;�-FLK?��=I@:8�8J�8�N?FC<�=FI�K?<�P<8I�KF�� ��+���.?<�NFIB@E>�8><�GFGLC8K@FE�@E�-FLK?��=I@:8�8J�8�N?FC<�>I<N�9P���� �� �����9<KN<<E�K?<�=FLIK?�HL8IK<I�F=�� ���8E;�K?<�=@IJK�HL8IK<I�F=�� ���FI�9P���� ��������=IFD�8�P<8I�8>F���K�K?<�J8D<�K@D<�K?<�ELD9<I�F=�<DGCFP<;�@E�K?<�:FLEKIP�GCLE><;�9P���� �� �����HL8IK<IKFHL8IK<I�C8I><CP�;L<�KF�8�;<:I<8J<�F=�@E=FID8C�J<:KFI�AF9J��)E�8�P<8IKFP<8I�8JJ<JJD<EK�E8K@FE8C�<DGCFPD<EK�>8@E<;�9P���� �FI������8E�@E:I<8J<�DFJKCP�8KKI@9LK<;�KF�8�I@J<�F=�=FID8C�<DGCFPD<EK� @E� K?<�:FLEKIP��.?<�ELD9<I�F=�LE<DGCFP<;�G<FGC<� ALDG<;�9P���� �FM<I� K?<� K?I<<�DFEK?J� KF�'8I:?� KF�� �����J�8� I<JLCK� K?<�F==@:@8C�LE<DGCFPD<EK� I8K<� @E� K?<�:FLEKIP�D8I>@E8CCP� @E:I<8J<;�9P�����G<I:<EK8><�GF@EKJ� KF��������)M<I� K?<�J8D<�G<I@F;� K?<�ELD9<I�F=�;@J:FLI8><;�NFIB�J<<B<IJ�T�G<FGC<�N?F�;<JG@K<�9<@E>�LE<DGCFP<;�?8M<�JKFGG<;�J<8I:?@E>�=FI�NFIB�T�@E:I<8J<;�9P���� ��K?LJ�<EJLI@E>�8�����G<I:<EK8><�GF@EKJ�JLI><�@E�<OG8E;<;�LE<DGCFPD<EK�I8K<�KF��������

Page 24: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 34 35

'8C<J� ?8M<� 8� ?@>?<I� GIF989@C@KP� F=� 9<@E>� <E>8><;� @E� K?<� C89FLI� =FI:<� K?8E� =<D8C<J�� ������ F=� NFIB@E>� 8><�D8C<J� N<I<�C89FLI� =FI:<� G8IK@:@G8EKJ� N?@C<� K?@J� N8J� KIL<� F=� FECP� ��� �� F=� K?<@I� =<D8C<� :FLEK<IG8IKJ�� .?<J<� <JK@D8K<J� JL>><JK� K?8K�NFD<E�F=K<E�=8:<�DFI<�98II@<IJ�T�<;L:8K@FE8C�:LCKLI8C�8E;�@EJK@KLK@FE8C�T�KF�C89FLI�D8IB<K�<EKIP��.?@J�GIFM@;<J�JL==@:@<EK�DFK@M8K@FE� =FI� K?<� GIFM@E:<� KF� :FEK@EL<� ;<M@J@E>� JKI8K<>@<J� KF� <:FEFD@:8CCP� <DGFN<I� NFD<E� JF� 8J� KF� @DGIFM<� K?<@I�G8IK@:@G8K@FE�@E�K?<�C89FLI�=FI:<����&89FLI�=FI:<�G8IK@:@G8K@FE�I8K<�N8J�?@>?<JK�8DFE>�@E;@M@;L8CJ�N@K?@E�K?<�8><J�F=����KF����P<8IJ�N?<I<�8CDFJK�DFI<�KNF�K?@I;J� �������� N<I<� <E>8><;� @E� K?<� C89FLI� =FI:<� ;<:C@E@E>� KF� ������ =FI� @E;@M@;L8CJ� 8><;� ��� KF� ��� P<8IJ�� &89FLI� =FI:<�G8IK@:@G8K@FE�I8K<�N8J�CFN<I�8DFE>�K?<�PFLK?�8E;�K?<�FC;<I�NFIB<IJ��FECP�� ����F=�K?FJ<�8><;����KF����P<8IJ�N<I<�8:K@M<�@E�K?<�C89FLI�D8IB<K�N?@C<�K?@J�N8J�KIL<�F=�FECP�������F=�K?FJ<�8><;����KF����P<8IJ��&FN<I�I8K<J�F=�G8IK@:@G8K@FE�8DFE>JK�K?<�PFLE><JK�8E;�FC;<JK�NFIB@E>�8><�8;LCKJ�8I<�:FDDFE�>@M<E�I<C8K@M<CP�?@>?�I8K<J�F=�@EMFCM<D<EK�@E�<;L:8K@FE�8DFE>JK�K?<�=FID<I�>IFLG�8E;�8E�@E:I<8J<;�GIF989@C@KP�F=�I<K@I<D<EK�=IFD�K?<�C89FLI�=FI:<�8DFE>JK�K?<�C8KK<I�>IFLG���.?<I<� @J�8�:CFJ<� I<C8K@FEJ?@G�9<KN<<E�<;L:8K@FE8C�8KK8@ED<EK�8E;�<DGCFPD<EK�FGGFIKLE@KP���M@;<E:<� @E� K89C<����� J?FNJ�K?8K�K?<�?@>?<I�K?<�C<M<CJ�F=�<;L:8K@FE8C�8KK8@ED<EK�K?<�DFI<�C@B<CP�8E�@E;@M@;L8C�NFLC;�9<�@E�K?<�C89FLI�=FI:<��)ECP�������F=�K?FJ<�N@K?FLK�<;L:8K@FE�8E;�ALJK�LE;<I�����F=�K?FJ<�N@K?�GI@D8IP�FI�@E:FDGC<K<�J<:FE;8IP�<;L:8K@FE�8I<�C89FLI�=FI:<�G8IK@:@G8EKJ�:FDG8I<;�KF�:CFJ<�KF�� ��F=�D8KI@:LC8EKJ�8E;�FM<I�� ��F=�K?FJ<�N@K?�K<IK@8IP�<;L:8K@FE��.?@J�G8KK<IE�@J�G8IKCP�I<C8K<;�KF�K?<�8><�JKIL:KLI<�F=�K?<�M8I@FLJ�<;L:8K@FE8C�:8K<>FI@<J��� 8.4 Employment in KwaZulu-Natal �.?@J� JL9J<:K@FE� CFFBJ� 8K� <DGCFPD<EK� ;<M<CFGD<EKJ� @E� %N84LCL(8K8C� @E� I<C8K@FE� KF� K?<� :FLEKIP� 8J� 8� N?FC<�� *8IK@:LC8I�<DG?8J@J�J?8CC�9<�>@M<E�KF�K?<�;<DF>I8G?@:�9I<8B;FNE�F=�K?<�<DGCFP<;�@E�K?<�GIFM@E:<�@E�K<IDJ�F=�I8:<�8><�><E;<I�8E;�<;L:8K@FE8C�8KK8@ED<EK��#E�K?<�=@IJK�HL8IK<I�F=�� ���K?<�ELD9<I�F=�G<FGC<�<DGCFP<;�I<D8@E<;�M@IKL8CCP�LE:?8E><;�8K������D@CC@FE�N?@C<�E8K@FE8C�<DGCFPD<EK�;<:C@E<;�9P���� �AF9J�HL8IK<IFEHL8IK<I�KF�:CFJ<�8K������D@CC@FE�AF9J���.?<�I8:@8C�JKIL:KLI<�F=�K?<�<DGCFP<;�@E�K?<�GIFM@E:<�JL>><JKJ�8J�J?FNE�@E�.89C<�����K?8K��=I@:8EJ�:FEJK@KLK<�K?<�D8AFI@KP�F=�K?<�<DGCFP<;�8::FLEK@E>�=FI�8IFLE;���� ��F=�KFK8C�GIFM@E:@8C�<DGCFPD<EK�FI�����D@CC@FE�@E;@M@;L8CJ�@E�K?<�=@IJK�HL8IK<I�F=�� ���� �K� K?<� J8D<� K@D<� 89FLK� ��� ��J@8EJ�N<I<� <DGCFP<;� FM<I� K?<� J8D<�G<I@F;� I<GI<J<EK@E>� 89FLK� � ����F=� KFK8C�<DGCFPD<EK�� 1?@K<J� 8E;� �FCFLI<;J� 8::FLEK� =FI� K?<� 98C8E:<� F=� KFK8C� GIFM@E:@8C� <DGCFPD<EK� N@K?� J?8I<J� F=� ����� �FI���� ��8E;�������FI��� �� I<JG<:K@M<CP��)M<I�K?<�HL8IK<I� KF�� ��+��<DGCFPD<EK�8GG<8IJ�KF�?8M<�:FEKI8:K<;�8DFE>��=I@:8EJ��� ��8E;��J@8EJ��� ��N?@C<�AF9�>8@EJ�N<I<�F9J<IM<;�8DFE>��FCFLI<;J���� ��8E;�1?@K<J���� ��

.89C<����� @CCLJKI8K<J� K?8K�9<KN<<E� K?<� C8JK�HL8IK<I�F=�� ���8E;� =@IJK�HL8IK<I�F=�� ��� K?<�NFIB@E>�8><�GFGLC8K@FE� @E�9FK?�%N84LCL(8K8C�8E;�-FLK?��=I@:8�8J�8�N?FC<�@E:I<8J<;�DFI<�K?8E�I<JG<:K@M<�:FII<JGFE;@E>�:?8E><J�@E�<DGCFPD<EK��.?@J�@J�I<=C<:K<;�@E�K?<�;<:C@E<�@E�K?<�89JFIGK@FE�I8K@FJ�KF�������8E;�������I<JG<:K@M<CP��� 8.3 Labour Force Participation in KwaZulu-Natal��.?<�C89FLI�=FI:<�G8IK@:@G8K@FE�I8K<��& *,��@J�8E�@E;@:8KFI�F=�K?<�C<M<C�F=�C89FLI�D8IB<K�8:K@M@KP��#K�I<=C<:KJ�K?<�<OK<EK�KF�N?@:?�8�:FLEKIP�J�NFIB@E>�8><�GFGLC8K@FE�@J�<:FEFD@:8CCP�8:K@M<��.?@J�@E;@:8KFI�@J�B<P�@EJF=8I�8J�@K�GIFM@;<J�K?<�J@Q<�F=�K?<�C89FLI�=FI:<�8M8@C89C<�=FI�K?<�GIF;L:K@FE�F=�>FF;J�8E;�J<IM@:<J���.89C<����� J?FNJ� K?<�9I<8B;FNE�F=� C89FLI� =FI:<�G8IK@:@G8K@FE� I8K<�9P� I8:<�><E;<I� 8><�8E;�<;L:8K@FE8C�8KK8@ED<EK�� $LJK�LE;<I�?8C=� ��������F=�K?<�NFIB@E>�8><�8;LCKJ�@E�%N84LCL(8K8C�N<I<�G8IK@:@G8EKJ�@E�K?<�E8IIFN�C89FLI�=FI:<�8�GIFGFIK@FE�K?8K�?8J�D8I>@E8CCP�@E:I<8J<;�9P� ����=IFD�8�HL8IK<I�8>F���FCFLI<;J�?8;�K?<�?@>?<JK�G8IK@:@G8K@FE�I8K<�F=�� ����=FCCFN<;�9P�1?@K<J� ��������8E;��J@8EJ� ��������N?@C<��=I@:8EJ�?8;�K?<� CFN<JK�G8IK@:@G8K@FE�I8K<�F=�������� FI� K?<�K?I<<�DFEK?J�KF�'8I:?� � ��� 8CC� I8:@8C� >IFLGJ� J8N� @E:I<8J<J� @E� G8IK@:@G8K@FE� I8K<J� <O:<GK� =FI�1?@K<J�N?FJ<� G8IK@:@G8K@FE� ;<:C@E<;� 9P� ����G<I:<EK8><�GF@EKJ���Table 8.2: Composition of KwaZulu-Natal Labour Force, 2013:Q1&Q4 & 2014:Q1

Source: DEDT calculations based on QLFS (Stats SA, 2013)

����"�� ��"�� ���"�� �3,820�

�� �� �� ;�9�;� C�9�C�

Narrow LFP ����� ����� ����� ��� ���By Race �� �� �� �� ��African ����� ����� ����� ��� ����Coloured ����� ����� � ��� ���� �����Asian ����� ����� ����� � � ����White ����� ����� ����� ���� ����By Gender �� �� � �� ��Male ����� ����� ����� ��� ���Female ����� ����� ��� � ��� ���By Age Group �� �� � �� ��15 to 24 year olds ����� � ��� � ��� ��� ���25 to 34 year olds ����� ����� ����� ���� ���35 to 44 year olds ����� ����� ����� ���� ����45 to 54 year olds ����� ����� ����� ���� ����55 to 65 year olds ����� ��� � ����� ���� �� �By Educational Attainment �� �� � �� ��No education ����� ����� ����� ���� ����Grades 0 – 7 ��� � ����� � ��� ���� ����Grades 8 – 11 ����� ����� � ��� �� � ����Grade 12 ����� ����� ����� ���� ����Diploma/Certificate ����� ����� ����� ���� ����Degree � ��� ����� ����� ���� ����

Source: DEDT calculations based on QLFS (Stats SA, 2013)

Page 25: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 36 37

'8C<J�8I<�;FD@E8EKCP�I<GI<J<EK<;�@E�K?<�GIFM@E:@8C�<DGCFPD<EK�GIF=@C<�N@K?�8�J?8I<�F=�������F=�KFK8C�<DGCFPD<EK�FI�����D@CC@FE�@E�K?<�=@IJK�HL8IK<I�F=�� ���� <D8C<�<DGCFPD<EK�N8J�<JK@D8K<;�8K�����D@CC@FE�FI�������F=�KFK8C�<DGCFPD<EK��)M<I�K?<�HL8IK<I� KF� � ��+�� <DGCFPD<EK� F=� =<D8C<J� ;<:C@E<;� 9P� � � AF9J�N?@CJK� 8E� <HL8C� ELD9<I� F=� AF9J�N<I<� 8;;<;� 8DFE>�D8C<J���#E;@M@;L8CJ�8><;�9<KN<<E����8E;����P<8IJ�8::FLEK<;�=FI�K?<�?@>?<JK�J?8I<���������F=�GIFM@E:@8C�<DGCFPD<EK�=FCCFN<;�9P����KF����P<8I�FC;J���������8E;����KF����P<8I�FC;J����������.?<�K?I<<�8><�>IFLGJ�KF><K?<I�8::FLEK�=FI�8CDFJK�����F=�KFK8C�GIFM@E:@8C� <DGCFPD<EK��)E� K?<� FK?<I� ?8E;� J?8I<J� F=� GIFM@E:@8C� <DGCFPD<EK�N<I<� CFN<JK� 8DFE>� K?<� PFLK?� ������� 8E;�FC;<I�NFIB<IJ���������)M<I�K?<�K?I<<�DFEK?J�KF�'8I:?�� ���AF9�CFJJ<J�N<I<�F9J<IM<;�8DFE>����KF�����8E;����KF����P<8I�FC;J���� �8E;�� �I<JG<:K@M<CP��N?@C<�AF9�>8@EJ�N<I<�I<:FI;<;�8DFE>����KF����8E;����KF����P<8I�FC;J���� �8E;���� �����JK@D8K<J�F=� <DGCFPD<EK� 9P� <;L:8K@FE8C� 8KK8@ED<EK� JL>><JK� 8E� 8CDFJK� <M<E� JGC@K� 9<KN<<E� K?FJ<�N@K?� 8K� C<8JK� 8�D8KI@:�:<IK@=@:8K<� 8E;� K?FJ<� N@K?FLK�� '8KI@:LC8EKJ� :FEJK@KLK<� K?<� C8I><JK� <;L:8K@FE8CCP� ;<=@E<;� >IFLG� N@K?@E� KFK8C� GIFM@E:@8C�<DGCFPD<EK�F=��� �FI������� =FCCFN<;�9P���� �FI�������N@K?�J<:FE;8IP�<;L:8K@FE���9FLK���� �FI�����F=� K?<�<DGCFP<;�?8M<�GI@D8IP�<;L:8K@FE�N?@C<��� �FI������;F�EFK�?8M<�8EP�=FID8C�<;L:8K@FE��,FL>?CP�� � �NFIB<IJ�?8M<�GFJKD8KI@:�<;L:8K@FE�N@K?���� �F=�K?<D�FI�� ����?8M@E>�;@GCFD8J�8E;�K?<�I<D8@E;<I�N@K?�;<>I<<J�� 8.4.1 Sectoral Employment Composition/Trends �.89C<�����J?FNJ�K?<�9I<8B;FNE�F=�K?<�<DGCFP<;�@E�%N84LCL(8K8C�8E;�-FLK?��=I@:8�8J�8�N?FC<�8::FI;@E>�KF�@E;LJKIP�8E;�<:FEFD@:� J<:KFI��)=� K?<������D@CC@FE� @E;@M@;L8CJ�<DGCFP<;� @E�%N84LCL(8K8C� @E� K?<� =@IJK�HL8IK<I�F=�� ���� � � �FI�����N<I<�<DGCFP<;�@E�K?<�GI@D8IP�J<:KFI�N?@C<���� ���������N<I<�<DGCFP<;�@E�K?<�J<:FE;8IP�J<:KFI�8E;�����D@CC@FE���������@E�K?<�K<IK@8IP�J<:KFI��.?<�D8AFI�@E;LJKI@<J�<DGCFP@E>�K?<�C8I><JK�ELD9<I�F=�G<FGC<�N<I<�71?FC<J8C<�8E;�I<K8@C�KI8;<��N@K?�8�J?8I<� F=� ������ FI� �� � � AF9J� 7�FDDLE@KP� -F:@8C� 8E;� *<IJFE8C� -<IM@:<J�� ��-*�� 8::FLEK@E>� =FI� ������ FI� ���� ��7'8EL=8:KLI@E>�� �������� 8E;� 7 @E8E:<� 8E;� �LJ@E<JJ� J<IM@:<J�� �� ������ .?<J<� =FLI� @E;LJKI@<J� 8::FLEK� =FI� 89FLK� � �� F=�<DGCFPD<EK�@E�%N84LCL(8K8C��� FI�K?<�K?I<<�DFEK?J�KF�'8I:?�� ���K?<�GI@D8IP�J<:KFI�CFJK�� �D@E@E>�AF9J�N?@CJK�K?<�K<IK@8IP�J<:KFI�CFJK��� �9IFB<E�;FNE�8J�7.I8EJGFIK�8E;�JKFI8><���� ���-*��� ��8E;�7 @E8E:<�8E;�9LJ@E<JJ�J<IM@:<J���� �����KFK8C�F=��� �E<K�AF9� >8@EJ� N<I<� I<:FI;<;� @E� K?<� J<:FE;8IP� J<:KFI� N?@:?� J8N�D8EL=8:KLI@E>� 8;;@E>� �� � AF9J� /K@C@K@<J� ���� �� 8E;��FEJKIL:K@FE����� ����

Table 8.3: Demographic Characteristics of Employment, 2013:Q4&2014:Q1�

�����"�� ����"�� "?,<>0<6C��3,820�

���=� $3,<0����� ���=� $3,<0����� ���=� $3,<0�����

�(�+&�&���%���%9>,6��7:69C708>� ������ � � ������ � � � � ��C�#,.0� �� �� �� �� �� ���1<4.,8� �� ��� ����� �� ��� ��� � �� ����969?<0/� ��� ���� ��� ���� �� �����=4,8� ���� � ��� ���� � ��� �� ����(34>0� ���� ���� ���� ���� �� �����C��08/0<� �� �� �� �� �� ���,60� ������ ����� ������ ����� �� ����07,60� ������ ����� ������ ����� �� ����C��20��<9?:� �� �� �� �� �� �����>9���C0,<�96/=� ���� ���� ���� ���� ��� � � ���>9���C0,<�96/=� � �� ����� � �� ����� �� �����>9����C0,<�96/=� ���� ����� ���� ����� � � ����>9����C0,<�96/=� �� � ����� �� � ����� � � �������>9� ��C0,<�96/=� ���� ���� ���� ���� ��� � ����C��/?.,>498,6��>>,48708>� �� �� �� �� �� ���9�0/?.,>498� ��� ���� ��� ���� ��� ������<,/0=���D��� ���� ����� ���� ��� � �� ����<,/0=���D���� ���� ����� �� � ����� � � �����<,/0��� �� � ����� ���� ����� ��� �����4:697,��0<>414.,>0� ���� � ��� ���� � ��� �� �����02<00� �� � ���� ���� ���� ��� ����$ &%����#���� %9>,6��7:69C708>� ������� � � � ��� ��� � � � ���� ����C�#,.0� �� �� �� �� �� ���1<4.,8� ��� ��� ����� � ����� ����� ���� �����969?<0/� ������ � ��� ������ � ��� �� ����=4,8� ���� ���� ���� ���� �� ���(34>0� ������ ��� � ������ ����� � � ����C��08/0<� �� �� �� �� �� ���,60� ��� �� ����� ��� �� ����� � �� �����07,60� ���� � ����� ������ ����� ��� ����C��20��<9?:� �� �� �� �� �� �����>9���C0,<�96/=� ���� � ���� ������ ���� � �� ������>9���C0,<�96/=� ������ ����� ������ ����� ��� �� ���>9����C0,<�96/=� ������ � ��� ������ ��� � ��� ������>9����C0,<�96/=� �� ��� ����� �� ��� � ��� �� ������>9� ��C0,<�96/=� ������ ���� ������ ���� ��� �� ��C��/?.,>498,6��>>,48708>� �� �� �� �� �� ���9�0/?.,>498� ���� ���� ���� ���� ��� �����<,/0=���D��� ������ ����� ������ ����� � �� �����<,/0=���D���� ������ ����� ������ ����� ��� �����<,/0��� ������ ����� ������ ����� ��� ����4:697,��0<>414.,>0� ��� �� ����� ������ ����� ��� �����02<00� ������ ���� ���� � ���� ���� � ���

Source: DEDT calculations based on QLFS (Stats SA, 2014) Source: DEDT calculations based on QLFS (Stats SA, 2014) �

Page 26: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 38 39

8.5 Unemployment in KwaZulu-Natal � �.?<�I8K<�F=�LE<DGCFPD<EK�@J�K?<�DFJK�:FDDFECP�LJ<;�@E;@:8KFI�F=�K?<�C89FLI�D8IB<K��#K�@J�8�D<8JLI<�F=�@D98C8E:<�@E�K?<�C89FLI�D8IB<K�I<GI<J<EK@E>�K?<�<OK<EK�F=�LELK@C@J<;�C89FLI�JLGGCP�F=�K?<�:FLEKIP��#K�@J�F=K<E�LJ<;�8J�8�><E<I8C�@E;@:8KFI�F=�K?<�?<8CK?�F=�K?<�<:FEFDP�EFK�ALJK�K?<�C89FLI�D8IB<K��/E<DGCFPD<EK�I8K<J�=FI�JG<:@=@:�:8K<>FI@<J�F=�K?<�C89FLI�=FI:<�JL:?�8J�D<E�NFD<E�PFLK?�8;LCKJ�><F>I8G?@:�I<>@FEJ�FI�JG<:@=@:��G8JK��F::LG8K@FEJ�8E;�9I8E:?<J�F=�<:FEFD@:�8:K@M@KP�J?<;�C@>?K�FE�K?<�>IFLGJ�F=�NFIB<IJ�8E;�J<:KFIJ�F=�K?<�<:FEFDP�FI�I<>@FEJ�DFJK�8==<:K<;�9P�LE<DGCFPD<EK���/E<DGCFPD<EK� JK8K@JK@:J� ?8M<� :I<8K<;� 8� 9IF8;� I8E><� F=� :FEKIFM<IJ@<J� @E� D8EP� :FLEKI@<J� 9FK?� ;<M<CFG@E>� 8J� N<CC� 8J�;<M<CFG<;�:FLEKI@<J��.?<�LE;<ICP@E>�;<=@E@K@FE�F=�LE<DGCFPD<EK�?8J�9<<E�N@;<CP�:I@K@:@J<;�<JG<:@8CCP�@KJ�I<C@8E:<�FE�K?<�SFE<?FLI� :I@K<I@FEU� F=� @KJ� :FDG8E@FE� <DGCFPD<EK� ;<=@E@K@FE� N?@:?� C<8;J� KF� <O:CL;@E>� =IFD� K?<� :C8JJ@=@:8K@FE� G<IJFEJ�NFIB@E>�8�=<N�?FLIJ�;LI@E>�K?<�N<<B�N?F�FK?<IN@J<�J8K@J=P�K?<�FK?<I�:I@K<I@8�F=�K?<�LE<DGCFP<;��'8EP�FK?<I�@JJL<J�?8M<�9<<E� I8@J<;� 8E;� JFD<K@D<J� M<?<D<EKCP� JL:?� 8J� K?FJ<� :FE:<IE@E>� K?<� 9FI;<IC@E<� 9<KN<<E� <DGCFPD<EK� 8E;�LE<DGCFPD<EK� �<�>�� PFLE>� AF9J<<B<IJ� NFIB@E>� FE� :FDDLE@KP� NFIB� GIF>I8DD<J�� 8E;� 9<KN<<E� LE<DGCFPD<EK� 8E;�@E8:K@M@KP��<�>��JF:8CC<;�;@J:FLI8><;�NFIB<IJ��FI�:FE:<IE@E>�K?<�:FE=LJ@FE�9<KN<<E�LE<DGCFPD<EK�;8K8�98J<;�FE�JLIM<PJ�8E;�I<>@JK<I<;�AF9J<<B<IJ�;8K8�98J<;�FE�8;D@E@JKI8K@M<�I<:FI;J��� 8:@E>� K?<J<� :?8CC<E><J� JFD<� :FLEKI@<J� ?8M<� @EKIF;L:<;� 8CK<IE8K@M<� D<8JLI<J� F=� K?<� LE<DGCFPD<EK� I8K<� GIFM@;@E>�8E8CPJKJ�8E;�K?<�GL9C@:�N@K?�8�N@;<I�I8E><�F=�;8K8� =FI�8JJ<JJ@E>�K?<�:FE;@K@FEJ�F=� K?<� C89FLI�D8IB<K�� #E�-FLK?��=I@:8� K?<�LE<DGCFP<;� 8I<� ;<=@E<;� 8J� 8CC� K?FJ<�N?F� @E� K?<� JLIM<P�N<<B� ;@;� EFK�NFIB� 8K� 8CC� <@K?<I� =FI� G8P� FI� 8JJ@JK@E>� @E� 8� =8D@CP�9LJ@E<JJ�P<K�N<I<�8M8@C89C<�=FI�NFIB��<@K?<I�G8@;�<DGCFPD<EK�FI�J<C=�<DGCFPD<EK��8E;�N<I<�8:K@M<CP�J<<B@E>�NFIB��*<FGC<�J8K@J=P@E>� K?<J<� :I@K<I@8� 8I<� :FEJ@;<I<;� KF� 9<� 7JKI@:KCP�� 7E8IIFNCP�� FI� 7F==@:@8CCP�� LE<DGCFP<;�� .?@J� 8GGIF8:?� F=� ;<=@E@E>�LE<DGCFPD<EK�@J�JLGGCP�J@;<�FI@<EK<;�8J�@K�>@M<J�<DG?8J@J�FE�K?<�J<8I:?@E>�8:K@M@KP�F=�K?<�:FE:<IE<;�G<IJFEJ�����CK<IE8K@M<CP�K?<I<�@J�8�9IF8;<I�8GGIF8:?�=FI�;<=@E@E>�LE<DGCFPD<EK�N?@:?�:FEJ@;<IJ�;<D8E;�J@;<�=8:KFIJ�=FI�<O8DGC<�@JJL<J�8==<:K@E>�JLGGCP�F=�AF9J��.?@J�8GGIF8:?�FK?<IN@J<�:8CC<;�K?<�9IF8;�FI�LEF==@:@8C�;<=@E@K@FE�F=�LE<DGCFPD<EK�;IFGJ�K?<� I<HL@I<D<EK� K?8K� K?<� LE<DGCFP<;�DLJK� 9<� 8:K@M<CP� J<<B@E>� NFIB�� .?<� 9IF8;� 8GGIF8:?� @J� 8GGIFGI@8K<� @E� J@KL8K@FEJ�N?<I<�� K?<� :FEM<EK@FE8C�D<8EJ�F=� J<<B@E>�NFIB� 8I<�F=� C@D@K<;� I<C<M8E:<�� K?<� C89FLI�D8IB<K� @J� C8I><CP�LEFI>8E@J<;�FI�F=�C@D@K<;�J:FG<��C89FLI�89JFIGK@FE�@J�@E8;<HL8K<�FI�K?<�<:FEFDP�@J�C8I><CP�@E=FID8C��?@>?�MFCLD<�F=�J<C=<DGCFP<;�����.?@J�JL9J<:K@FE�GI<J<EKJ�K?<�JKIL:KLI<�F=�LE<DGCFPD<EK�@E�K?<�%N84LCL(8K8C�<O8D@E@E>�M8I@FLJ�:?8I8:K<I@JK@:J�@E�;<K8@C��-G<:@=@:8CCP�@K�LE:FM<IJ�K?<�;@==<I<E:<J�@E�C<M<CJ�F=�LE<DGCFPD<EK�9P�I8:<�8><�><E;<I�8E;�<;L:8K@FE8C�8KK8@ED<EK��.?<J<�;@J8>>I<>8K<;�FLK:FD<J�8I<�F=�@EK<I<JK�@E�K?<@I�FNE�I@>?K�8J�@E=FID8K@FE�FE�K?<D�:8E�?<CG�GFC@:P�D8B<IJ�LE;<IJK8E;�K?<�=LE;8D<EK8C�:8LJ<J�F=�;@==<I@E>�8>>I<>8K<�LE<DGCFPD<EK�FLK:FD<J�8:IFJJ�;@==<I<EK�:FM8I@8K<J�K?LJ� @E=FID@E>�K8I><K<;�GFC@:P�@EK<IM<EK@FEJ���.89C<�����GI<J<EKJ�8�;<K8@C<;�;<DF>I8G?@:�;@J8>>I<>8K@FE�F=�K?<�E8IIFN�LE<DGCFPD<EK�I8K<�@E�%N84LCL(8K8C����KFK8C�F=���� �NFIB@E>� 8><� @E;@M@;L8CJ�N<I<�F==@:@8CCP� LE<DGCFP<;� @E� K?<�GIFM@E:<� @E� K?<� =@IJK� HL8IK<I� F=� � ��� I<GI<J<EK@E>�8E�LE<DGCFPD<EK�I8K<�F=�� �����.?@J�I<GI<J<EKJ�8� ���G<I:<EK8><�GF@EK�@E:I<8J<�=IFD�8�HL8IK<I�8>F�FI�����G<I:<EK8><�GF@EKJ�;<:C@E<�=IFD�8�P<8I�8>F�����

Table 8.4: Sectoral Composition of Employment, 2013:Q4 & 2014:Q1 ��

�����"�� ����"�� "?,<>0<6C��3,820�

���=� $3,<0����� ���=� $3,<0����� ���=� $3,<0�����

KWAZULU-NATAL Total Employment ������� �������� �� ���������������� ����������� �� ���������� �� �������� � ���>I@:LCKLI<�=FI<JKIP�8E;�=@J?@E>� ���� ������������� ������������������ ����������������� ����������� � �������� � ��'@E@E>�8E;�HL8IIP@E>� ��� �������� ���� ������������������� ������������ ���� �������������� ��������� ��Primary Sector � ��� ���������� �� ������������� ��� �������������� �� �������������� �������������'8EL=8:KLI@E>� ����� ������������� ����������������� ���������������� �������������� ����������������C<:KI@:@KP�>8J�8E;�N8K<I� ��� ��������� ���� ������������������ ������������ ���� �������������� ��������������FEJKIL:K@FE� ����� ����� ����������������� ����������������� ������������� ��������������Secondary Sector ����� ������ ����������������� ���������������� �������������� ��������������1?FC<J8C<�8E;�I<K8@C�KI8;<� ����� ������ �������������� �� ���������������� ��������������� ���������� ����.I8EJGFIK�JKFI8><�8E;�:FDDLE@:8K@FE� ����� ����� ����������������� ������������������ ��������� �� ������� ���� @E8E:@8C�8E;�9LJ@E<JJ�J<IM@:<J� ����� ������ ����������������� ����������� ���� ������������� ��������������FDDLE@KP�JF:@8C�8E;�G<IJFE8C���-*��J<IM@:<J� ����� ������ ����������������� ���������������� ��������� �� �������������*I@M8K<�?FLJ<?FC;J� ����� ����� ����������������� ����������������� ������������ ��������������Tertiary Sector ���� �� ������ ���������������� ���������������� ������������� �������������SOUTH AFRICA Total Employment �������� � �� ��������� ���� ����������� �� ������������ �������� �����>I@:LCKLI<�=FI<JKIP�8E;�=@J?@E>� ����� ����� ������������� ��� ����������������� �������������� ��������� ����'@E@E>�8E;�HL8IIP@E>� ����� ����� ���������������� ����������������� ������������� �������� ����Primary Sector ������� ����� ���������������� ����������������� ��������� �� �������������'8EL=8:KLI@E>� ������� ���� ����������� ��� ������������� �� �������������� ����������������C<:KI@:@KP�>8J�8E;�N8K<I� ����� ����� �������������� �� ������������ ���� ��������������� ���������������FEJKIL:K@FE� ��� ��� ������ ���������������� �������������� �� �������������� �������� ����Secondary Sector �� ���� � ���� ���������������� ����������� ���� �������������� ���������������1?FC<J8C<�8E;�I<K8@C�KI8;<� ������� ������ ���������������� ���������������� ������������ �������������.I8EJGFIK�JKFI8><�8E;�:FDDLE@:8K@FE� ����� ����� ����������������� ����������������� ������������ ������������� @E8E:@8C�8E;�9LJ@E<JJ�J<IM@:<J� �� ���� ������ ���������� ���� ���������������� ��������������� ��������� �����FDDLE@KP�JF:@8C�8E;�G<IJFE8C���-*��J<IM@:<J� ���� �� ������ ��������������� ���������������� ������������ �������������*I@M8K<�?FLJ<?FC;J� ������� ����� ���������������� ����������������� ������������ ��������������Tertiary Sector 10 909 71.9 10 785 71.6 -124 -1.1

Source: DEDT calculations based on QLFS (Stats SA, 2014) Source: DEDT calculations based on QLFS (Stats SA, 2014) �

(8K@FE8CCP� K?<�;@JKI@9LK@FE�F=�<DGCFPD<EK�N@K?@E� @E;LJKI@<J� =FCCFNJ�8� J@D@C8I�G8KK<IE�8J�F9J<IM<;� @E�%N84LCL(8K8C�N@K?�DFJK�AF9J�CF:8K<;�N@K?@E�K?<�K<IK@8IP�J<:KFI�=FCCFN<;�9P�K?<�J<:FE;8IP�8E;�GI@D8IP�J<:KFIJ�I<JG<:K@M<CP��"FN<M<I�@E�K<IDJ�F=�G8IK@:LC8I� @E;LJKI@<J� K?<� J?8I<�F=� 8>I@:LCKLI8C�<DGCFPD<EK� @J�?@>?<I�E8K@FE8CCP� ������ @E�� ��+��� :FDG8I<;� KF������ @E�%N84LCL(8K8C�N?@CJK�K?<�J?8I<�F=�D8EL=8:KLI@E>�AF9J�@J�JL9JK8EK@8CCP�?@>?<I�@E�%N84LCL(8K8C���������:FDG8I<;�KF���� ���E8K@FE8CCP��)M<I�K?<�HL8IK<I�KF�� ��+��E<K�AF9�CFJJ<J�F=���� �N<I<�<OG<I@<E:<;�E8K@FE8CCP�FE�K?<�98:B�F=�8��� �AF9�:FEKI8:K@FE� @E� K?<� GI@D8IP� J<:KFI� ��� � E<K� AF9� CFJJ� <OG<I@<E:<;� @E� K?<� K<IK@8IP� J<:KFI� 8E;� �� � AF9J� 8;;<;� @E� K?<�J<:FE;8IP�J<:KFI��#E�K<IDJ�F=�G8IK@:LC8I�@E;LJKI@<J�AF9�CFJJ<J�N<I<�I<:FI;<;�@E�.I8EJGFIK���� ���-*���� ��8E;�.I8;<����� �� 8K� K?<� J8D<� K@D<� 8J� <DGCFPD<EK� >8@EJ�N<I<� F9J<IM<;� @E�'8EL=8:KLI@E>� ��� �� 7 @E8E:<� 8E;� FK?<I� 9LJ@E<JJ�J<IM@:<J���� ��8E;�/K@C@K@<J�@E;LJKI@<J��� ����

Page 27: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 40 41

.89C<�����;<:FDGFJ<J� K?<�LE<DGCFP<;� @EKF� =@M<�:8K<>FI@<J�E8D<CP� AF9� CFJ<I� AF9� C<8M<I�E<N�<EKI8EK� I<<EKI8EK�8E;�K?<�CFE>�K<ID�LE<DGCFP<;��)=�K?<���� �E8IIFNCP�LE<DGCFP<;�@E�%N84LCL(8K8C�@E�K?<�=@IJK�HL8IK<I�F=�� ������ ��FI�� ������N<I<� AF9� CFJ<IJ� �� � �������N<I<� AF9� C<8M<IJ���K� K?<� J8D<� K@D<���� � ��������N<I<�E<N� C89FLI�D8IB<K� <EKI8EKJ��� ��������N<I<�I<<EKI8EKJ�N?@CJK�� ���������N<I<� CFE>�K<ID�LE<DGCFP<;� �C8JK�NFIB<;�DFI<�K?8E���P<8IJ�8>F���.?<�@DGC@:8K@FE�F=�K?<J<�=@E;@E>J�@J�K?8K�8J�K?<�ELD9<I�F=�K?<�NFIB@E>�8><�GFGLC8K@FE�:FEK@ELFLJCP�@E:I<8J<J�K?<�GI<JJLI<�FE�K?<�<:FEFDP�KF�:I<8K<�DFI<�AF9J�<HL8CCP�<OG8E;J����Table 8.6: Characterisation of the Unemployed, KZN, 2013:Q4-2014:Q1�� �

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���=� $3,<0����� ���=� $3,<0����� ���=� $3,<0�����

Overall narrow unemployment 627 100 659 100 32 1.0 $F9�CFJ<I� ���� ��� � ���� � � � ��� ����$F9�C<8M<I� ��� ���� ��� ���� ��� ����(<N�<EKI8EK� ���� ����� ���� ����� �� ���,<<EKI8EK� ��� ���� ��� ���� ��� ����&8JK�NFIB<;�����P<8IJ�8>F� ��� ����� � � ����� � � ����

Source: DEDT calculations based on QLFS (Stats SA, 2014) Source: DEDT calculations based on QLFS (Stats SA, 2014)

8.7 Labour Market Outlook �.?<� ,'����,� �LJ@E<JJ� �FE=@;<E:<� #E;<O� ���#�� 8� ><E<I8C� D<8JLI<� F=� 9LJ@E<JJ� :FE=@;<E:<� @E� K?<� <:FEFDP� I<D8@E<;�LE:?8E><;�8K�8�CFN����GF@EKJ�@E�K?<�J<:FE;�HL8IK<I�F=�� ����.?@J�J:FI<�@E;@:8K<J�K?8K�:CFJ<�KF�� ��F=�I<JGFE;<EKJ�N<I<�EFK�?8GGP�N@K?�K?<�GI<M8@C@E>�9LJ@E<JJ�:FE;@K@FEJ�@E�K?<�:FLEKIP��.?<�JKI@B<�@E�K?<�D@E@E>�J<:KFI�EFN�@E�@KJ�=@=K?�DFEK?�FK?<I�JD8CC<I� JKI@B<J� C@B<� K?<�FE<� I<GFIK<;� =FI� K?<� JL>8I� @E;LJKIP�8E;� K?I<8K�F=� @E;LJKI@8C�8:K@FE� @E� K?<�D<K8CJ�8E;�<E>@E<<I@E>�J<:KFI� 8I<� :FEKI@9LK@E>� =8:KFIJ� KF� K?<� E<>8K@M<� J<EK@D<EKJ� K?8K� @E=CL<E:<;� K?<� CFN� 9LJ@E<JJ� :FE=@;<E:<� J:FI<�� ��;@J8>>I<>8K<;�M@<N�F=�K?<���#�I<M<8CJ�K?8K�D8EL=8:KLI@E>�9LJ@E<JJ�@E;<O�J@>E@=@:8EKCP�;IFGG<;�=IFD����KF����@E;<O�GF@EKJ�FE�K?<�98:B�F=�CFN<I�J8C<J�MFCLD<�8E;�I<C8K<;�;<K<I@FI8K@FE�@E�GIF=@K89@C@KP��-@D@C8ICP�N?FC<J8C<�:FE=@;<E:<�;IFGG<;���@E;<O�GF@EKJ�=IFD����KF����8J�J8C<J�F=�:FEJLD<I�>FF;J�I<D8@E<;�9<CFN�8M<I8><��.?@J�<M@;<E:<�GF@EKJ�KF�8�DLK<;�?@I@E>�G8:<�@E�K?<�J<:FE;�HL8IK<I�F=�� �����FEJ@;<I@E>�K?8K� K?<� C89FLI�D8IB<K� KI8:BJ�K?<�FLKGLK�D8IB<K�N@K?�8� C8>� K?<�<:FEFD@:�JCFN;FNE�I<GFIK<;�@E�K?<�=@IJK�HL8IK<I�F=�� ���@J�C@B<�KF�E<>8K@M<CP�8==<:K�AF9�>IFNK?�@E�K?<�J<:FE;�HL8IK<I��

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Source: DEDT calculations based on QLFS (Stats SA, 2014)

Table 8.5: Narrow Unemployment Rates, KZN, 2013:Q1&Q4 & 2014:Q1

Source: DEDT calculations based on QLFS (Stats SA, 2014) �

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Page 28: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 42 43

9.1.2 Cargo9 handling (metric tons) �Figure 9.2: Total Cargo Handled (metric tons), KZN & SA, July 2012-March 2014 �

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9. INFRASTRUCTURE��.?<�%N84LCL(8K8C�*IFM@E:<�8@DJ�KF�GFJ@K@FE�@KJ<C=�8J�K?<�<8JK<IE�KI8;<�>8K<N8P�F=�-FLK?<IE��=I@:8�N@K?��LI98E�9<@E>�K?<�9LJ@<JK�:FEK8@E<I�GFIK� @E��=I@:8�8E;�,@:?8I;J��8P�?FLJ@E>�K?<�9@>><JK�9LCB�:8I>F�GFIK� @E��=I@:8���<KN<<E�K?<J<�KNF�J<8GFIKJ� K?<��L9<� .I8;<� *FIK� 8;A8:<EK� KF� %@E>� -?8B8� #EK<IE8K@FE8C� �@IGFIK� EFN�FG<I8K<J� 8J� 8E� 8@I� CF>@JK@:J� GC8K=FID�8CCFN@E>� K?<� I<>@FE� KF�8::<JJ�<M<E�DFI<�>CF98C� KI8;<�FGGFIKLE@K@<J�� .?<J<� KNF�GFIKJ�?8M<�8KKI8:K<;�<EFIDFLJ�:8G@K8C�@EM<JKD<EKJ�8E;�K?<�I<C8K<;�@E=I8JKIL:KLI<�K?LJ�=8I�N@K?�=LIK?<I�@E=I8JKIL:KLI8C�LG>I8;<J�@E�K?<�G@G<C@E<��#E�JLGGFIK�F=�K?<�89FM<�K?<�*IFM@E:@8C�!IFNK?�8E;��<M<CFGD<EK�-KI8K<>P��*!�-��J<<BJ�KF�GFJ@K@FE�%4(�8J�8�>8K<N8P�KF�-FLK?��=I@:8�8E;�K?<� <EK@I<� �=I@:8E� :FEK@E<EK�� .?@J� E<:<JJ@K8K<J� K?8K� K?<� GIFM@E:<�J� @E=I8JKIL:KLI<� 9<� <==@:@<EK� NFIC;� :C8JJ� 8E;� 8CJF�I<JGFEJ@M<� KF� E<N� <:FEFD@:� ;<M<CFGD<EK� FGGFIKLE@K@<J�� .?@J� J<:K@FE� GIFM@;<J� JFD<� JK8K@JK@:J� I<C8K@E>� KF� K?<�G<I=FID8E:<�F=�K?<J<�KI8EJGFIK�@E=I8JKIL:KLI<�=8:@C@K@<J������9.1 KwaZulu-Natal Port Movements �9.1.1 Volume of Vessels �Figure 9.1: Total Number of Vessels, KZN & SA, July 2012-April 2014��

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EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 44 45

10. OTHER ECONOMIC INDICATORS �10.1 Construction Industry Developments �/E;<ICP@E>�:FEJKIL:K@FE�@E;@:8KFIJ�?8M<�J?FNE�K?8K�:FE;@K@FEJ�N@K?@E�K?<�9L@C;@E>�8E;�:@M@C�@E;LJKIP�8I<�=8I�=IFD�>FF;�9LK�8I<� @DGIFM@E>� 8K� 8� JCFN� G8:<�� �FLGC<;� N@K?� K?<� ;@J8GGF@EK@E>� <:FEFD@:� @E;@:8KFIJ� K?<� :FEJKIL:K@FE� J<:KFI� ?8J� 9<<E�<OG<I@<E:@E>�JCFN�>IFNK?�@E�K?<�=@IJK�HL8IK<I�F=�� ����*IF=@K89@C@KP�8E;�K<E;<I@E>�:FDG<K@K@FE�NFIJ<E<;�8:IFJJ�K?<�@E;LJKIP�8E;�� ���9<@E>�8E�<C<:K@FE�P<8I�K?<�@E;LJKIP�>FK�F==�FE�8�JCFN�JK8IK��.?@J�;@==@:LCKP�@E�K?<�J<:KFI� @J�<M@;<EK�@E�K?<�98C8E:<�J?<<KJ�F=�D8AFI�$-�C@JK<;�:FEJKIL:K@FE�8E;�<E>@E<<I@E>�:FDG8E@<J����CK?FL>?�:FEJKIL:K@FE�9LJ@E<JJ�:FE;@K@FEJ�N<I<�JCFNCP�@DGIFM@E>��K?<�=@E;@E>J�F=�K?<�� (����,�9L@C;@E>�:FE=@;<E:<�@E;<O�K?8K� I<=C<:KJ� K?<�9LJ@E<JJ� :FE=@;<E:<�F=� 8I:?@K<:KJ� HL8EK@KP� JLIM<PFIJ� :FEKI8:KFIJ� JL9:FEKI8:KFIJ� I<K8@C�D<I:?8EKJ� 8E;�D8EL=8:KLI<IJ�F=�9L@C;@E>�D8K<I@8CJ�T� @E:I<8J<;�9P���GF@EKJ� =IFD����KF���� @E� K?<� =@IJK�HL8IK<I�F=�� ����.?@J� @J� K?<�?@>?<JK�C<M<C�F=�K?<�@E;<O�J@E:<�K?<�K?@I;�HL8IK<I�F=�� ���#E�K?<�=FLIK?�HL8IK<I�F=�C8JK�P<8I�:FEJKIL:K@FE�:FE=@;<E:<�IFJ<�KF�8�E<N�=@M<P<8I�?@>?�N@K?�8�I<:FM<IP�@E�:FEJKIL:K@FE�8:K@M@KP�8E;�DF;<I8K@FE�@E�K<E;<I@E>�:FDG<K@K@FE�� Figure 10.1: Growth in the Value of Approved Building Plans, Large Municipalities, South Africa, 2012:Q1–2014:Q1 �

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Source: Transnet, March 2014 �

9.2 Road Statistics �!8@E@E>�8E�LE;<IJK8E;@E>�F=�K?<�GI<JJLI<J�FE�FLI�IF8;�@E=I8JKIL:KLI<�8E;�K?<�E8KLI<�F=�KI8==@:�FE�K?<�GIFM@E:<�J�IF8;J�@J�F=�B<P� JKI8K<>@:� @DGFIK8E:<� KF� <:FEFD@:� ;<M<CFGD<EK� GC8EE@E>� @E� K?<� GIFM@E:<�� .?<� @;<EK@=@:8K@FE� F=� K?<� (�� �FII@;FI� 8J�-KI8K<>@:� #EK<>I8K<;�*C8E���9P� K?<�*I<J@;<E:P� C<E;J� =LIK?<I�N<@>?K� KF� K?<�E<<;� KF�9<KK<I�LE;<IJK8E;� KI8==@:� =CFNJ�FE� K?@J�@DGFIK8EK�KI8EJGFIK8K@FE�:FII@;FI��.?<�9<JK�N8P�KF�F9K8@E�KI8==@:�=@>LI<J�@J�=IFD�KFCC�GC8Q8J�8CK?FL>?�K?<J<�8I<�:FEJ@;<I89CP�;@==@:LCK�KF�F9K8@E��.?<�GIFM@E:<�?8J�K?I<<�KFCC�GC8Q8J�FE�K?<�(���.?<�.L><C8�.FCC�*C8Q8�K?<�'FF@�.FCC�*C8Q8�8E;�K?<�'8I@8E?@CC�.FCC� *C8Q8�� .89C<� ���� I<=C<:KJ� K?<� ELD9<I� F=� C@>?K� G8JJ<E><I� M<?@:C<J� DFM@E>� JFLK?N8I;J� K?IFL>?� K?<� 'FF@� .FCC� *C8Q8�KFN8I;J�K?<�:F8JK�=FI�K?<�=@IJK�HL8IK<I�F=�� �����Table 9.1: Light Vehicles through the Mooi Toll Plaza Heading to the Coast, First Quarter 2013 & 2014

��

January February March

Source: SANRAL, 2014

��� ���� �3,820�48�'034.60��?7-0<=�

���� �� ��� ��� ��� �������� ������� ��������� �� ������� ������

Source: SANRAL, 2014 �

�'8I:?�I<:FI;<;�K?<�?@>?<JK�ELD9<I�F=�M<?@:C<J�G8JJ@E>�K?IFL>?�K?<�'FF�.FCC�*C8Q8�KFN8I;J�K?<�:F8JK��.?@J�?FN<M<I�@J�C<JJ�K?8E�K?<�ELD9<I�F=�M<?@:C<J�G8JJ@E>�K?IFL>?�@E�'8I:?�� ����.?<�C8I><JK�8EEL8C�@E:I<8J<�@E�KI8==@:�N8J�I<:FI;<;�=FI�$8EL8IP�N?<I<�ELD9<IJ�@E:I<8J<;�=IFD����� ��@E�� ���KF���� ���@E�� ������;<:C@E<�@E�K?<�ELD9<I�F=�M<?@:C<J�G8JJ@E>�K?IFL>?�K?<�'FF@� KFCC� GC8Q8� :FLC;� 9<� 8KKI@9LK<;� K?<� ;@==<I<E:<� 9<KN<<E� K?<� �8JK<I�N<<B<E;J�N?@:?� @E� � ��� @K�N8J� FE� K?<� � K?� ��JK�'8I:?�:FDG8I<;�KF�� ���J��8JK<I�G<I@F;�FE���K?�T�� K?��GI@C��

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EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 46 47

.?<� M8CL<� F=� 9L@C;@E>J� I<GFIK<;� 8J� :FDGC<K<;� �8K� :LII<EK� GI@:<J�� ;<:I<8J<;� 9P� ����� P<8IFEP<8I� 8� ;<:C@E<� F=� ,������D@CC@FE�9<KN<<E�K?<�=@IJK�HL8IK<I�F=�� ���8E;�� ���� �.?<�I<8C�M8CL<�F=�9L@C;@E>J�I<GFIK<;�8J�:FDGC<K<;��8K�:FEJK8EK�� � �GI@:<J�� ;<:I<8J<;� 9P� ����� �,������D@CC@FE�� P<8I� FEP<8I� ;LI@E>� K?<� =@IJK� HL8IK<I� F=� � ���� �<:I<8J<J� N<I<� I<GFIK<;� =FI�8;;@K@FEJ� 8E;� 8CK<I8K@FEJ� ������� FI� ,������D@CC@FE�� I<J@;<EK@8C� 9L@C;@E>J� ������ FI� ,� �� �D@CC@FE�� 8E;� EFEI<J@;<EK@8C�9L@C;@E>J�������FI�,�����D@CC@FE������ C8I><� D8AFI@KP� F=� K?@J� @EM<JKD<EK� 8:K@M@KP� KFFB� GC8:<� @E� K?<� >FC;<E� KI@8E>C<� GIFM@E:<J�� !8LK<E>� 1<JK<IE� �8G<� 8E;�%N84LCL(8K8C� � @>LI<J� � ��� 8E;� � ����� .?<J<� C<8;@E>� GIFM@E:<J� 8GG<8I� KF� 9<� HL@K<� 8>>I<JJ@M<� KF><K?<I� 8::FLEK@E>� =FI�8CDFJK�<@>?K�FLK�F=�<M<IP�� �GC8EJ�G8JJ<;�N@K?�:FDGC<K@FE�I8K<J�K?8K�8I<�=8I�8?<8;�F=�K?<@I�J?8I<J�F=�GC8EJ�G8JJ<;��Y� ����%N84LCL(8K8C�J?FLC;�9<�:8I<=LC�K?FL>?��N@K?�K?@J�B@E;�8>>I<JJ@FE�@E�9L@C;@E>�8:K@M@KP�1<JK<IE��8G<�D@>?K�JFFE�:C8@D�K?<�GFJ@K@FE�F=�K?<�J<:FE;�C8I><JK�GIFM@E:@8C�<:FEFDP���Table 10.1: Employment in the Construction Sector, SA & KZN, 2013:Q1&Q4 & 2014:Q1

Number (Thousand) Growth

� 2013:Q1 2013:Q4 2014:Q1 Q-O-Q Change

Y-O-Y Change

Q-O-Q Change

Y-O-Y Change

South Africa �� ��� ��� �� ������ �� ���� ���� � ����KwaZulu-Natal � �� ���� ���� ��� ��� ������ ������

Source: Stats SA, 2014 Source: Stats SA, 2014

�DGCFPD<EK�C<M<CJ�@E�K?<�:FEJKIL:K@FE�@E;LJKIP�;<:C@E<;�9P� ����@E�-FLK?��=I@:8�8E;�@E:I<8J<;�9P�������@E�%N84LCL(8K8C�=FI�K?<�=@IJK�HL8IK<I�F=�� �����DGCFPD<EK�?8J�@E:I<8J<;�9P�� ����8E;�������@E�-FLK?��=I@:8�8E;�%N84LCL(8K8C�I<JG<:K@M<CP�=FI� K?<� J8D<� G<I@F;� @E� � ���� .?@J� @J� >FF;� 8J� @K� D<8EJ� K?8K� K?<� :FEJKIL:K@FE� @E;LJKIP� @E� %N84LCL(8K8C� @J� @E:I<8J@E>� @KJ�<DGCFPD<EK�ELD9<IJ�@E�8�GIFM@E:<�GC8>L<;�9P�?@>?�C<M<CJ�F=�LE<DGCFPD<EK���� 10.2 Land Transport 10.2.1 Freight Transport ��.?<�KI8:B@E>�F=�K?<�G<I=FID8E:<�F=� C8E;�KI8EJGFIK8K@FE�K?IFL>?�K?<�D<8JLI<D<EK�F=�K?<�@E;LJKI@<J� @E:FD<�FE�8�DFEK?CP�98J@J�@J�LJ<;�KF�:FDG@C<�<JK@D8K<J�F=�K?<�!IFJJ��FD<JK@:�*IF;L:K�8E;�@KJ�:FDGFE<EKJ��.I8EJGFIK8K@FE�@E;LJKIP�GC8P<IJ�LJ<�K?<J<�JK8K@JK@:J� KF�8E8CPJ<� K?<�:FDG8I8K@M<�9LJ@E<JJ�8E;� @E;LJKIP�G<I=FID8E:<�� #K�:8E�8CJF�9<�LJ<;�9P� K?<�%N84LCL(8K8C�GIFM@E:<�8J�8�C<8;@E>�@E;@:8KFI�KF�K?<�JK8K<�F=�@KJ�FNE�<:FEFD@:�8:K@M@KP������

Figure 10.3: Share of Value of Buildings Completed, Large Municipalities, Jan—Mar 2014

�-K8K@JK@:J� -FLK?� �=I@:8� �-K8KJ� -��� I<GFIK<;� JL9;L<;� <OG8EJ@FEJ� @E� K?<� ELD9<I� F=� GC8EJ� G8JJ<;� 8E;� ELD9<I� F=� 9L@C;@E>�I<GFIK<;�8J�:FDGC<K<;�9P�C8I><�DLE@:@G8C@K@<J�@E�K?<�=@IJK�HL8IK<I�F=�� ����.?<�M8CL<�F=�I<:FI;<;�9L@C;@E>�GC8EJ�G8JJ<;��8K�:LII<EK�GI@:<J�� @E:I<8J<;�9P������FI�8�;@==<I<E:<�F=�,�����9@CC@FE�;LI@E>�K?<� =@IJK�HL8IK<I�F=�� ���:FDG8I<;�N@K?� K?<� =@IJK�HL8IK<I�F=�� ����"FN<M<I�K?<�I<8C�M8CL<�F=�I<:FI;<;�9L@C;@E>�GC8EJ�G8JJ<;��8K�:FEJK8EK�� � �GI@:<J��;<:I<8J<;�9P� �����,�����D@CC@FE��P<8IFEP<8I�;LI@E>�K?<�=@IJK�HL8IK<I�F=�� �����<:I<8J<J�N<I<�I<:FI;<;�=FI�EFEI<J@;<EK@8C�9L@C;@E>J��������FI� ,������D@CC@FE�� 8E;� 8;;@K@FEJ� 8E;� 8CK<I8K@FEJ� � ����FI� ,�����D@CC@FE��N?@C<� 8E� @E:I<8J<�N8J� I<:FI;<;� =FI� I<J@;<EK@8C�9L@C;@E>J��������FI�,������D@CC@FE����Buildings reported as completed

Figure 10.2: Share of Value of Building Plans Passed, Large Municipalities, Jan—Mar 2014

��������

��������

������ ����

��������

��������

����� ������� �� �������� ������ ��

Source: Stats SA, 2014

!*�������

1�������� %4(������� (1��� ��

��������

'*������

(������� -������&*������

)K?<I�������

Source: Stats SA, 2014

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EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 48 49

�10.2.2 Passenger Transport� .?<�ELD9<I�F=�G8JJ<E><I� AFLIE<PJ�8E;� @E:FD<�;<I@M<;� =IFD�G8JJ<E><I� KI8EJGFIK� @E:I<8J<;� =FI�9FK?� K?<� I8@C� 8E;� IF8;�KI8EJGFIK�� .?<� J<:KFI� <OG<I@<E:<;�8E� @E:I<8J<�F=� �����8E;������ @E:I<8J<� @E�G8JJ<E><I� AFLIE<PJ�FE�8� P<8IKFP<8I� 8E;�HL8IK<IKFHL8IK<I�98J@J� I<JG<:K@M<CP��)=� K?<� KFK8C�G8JJ<E><I� AFLIE<PJ� ��������D@CC@FE�� K8B<E�9P�G8JJ<E><IJ� @E� K?<� =@IJK�HL8IK<I�����N<I<�K8B<E�9P�I8@C�KI8EJGFIK8K@FE�N?@CJK�FECP�����N<I<�K8B<E�9P�IF8;�KI8EJGFIK8K@FE���.?<� @E:FD<� C<M<CJ� F=� K?<� G8JJ<E><I� KI8EJGFIK� J<:KFI� @E:I<8J<;� 9P� � ���� 8E;� ����� FE� 8� P<8IKFP<8I� 8E;� HL8IK<IKFHL8IK<I�98J@J�I<JG<:K@M<CP��.?<�I8@C�KI8EJGFIK�J<:KFI�8>8@E�@E:I<8J<;�K?<�C@FE�J�J?8I<�F=�K?<�@E:FD<�>IFNK?��.?<�I8@C�J<:KFI�J8N�8�HL8IK<IFEHL8IK<I�>IFNK?�F=������N?@CJK�K?<�IF8;�KI8EJGFIK�<OG<I@<E:<;������C<M<CJ�F=�>IFNK?���

10.3 Retail Trade Sales ,<K8@C� KI8;<� J8C<J� N<I<� I<:FI;<;� 8K� ,������� D@CC@FE� �:FEJK8EK� � ��� GI@:<J�� @E� K?<� =@IJK� HL8IK<I� F=� � ���� .?@J� N8J� 8E�@E:I<8J<�F=�������FE�8�P<8IFEP<8I�98J@J�@E�:FEKI8JK�KF�8�;<:C@E<�F=��������FE�8�HL8IK<I�KF�HL8IK<I�98J@J��8J�@CCLJKI8K<;�@E� @>LI<�� ����.?<�D8@E�:FEKI@9LKFIJ�KF�K?<�@E:I<8J<�N<I<���

�� ,<K8@C<IJ�@E�K<OK@C<J�:CFK?@E>�=FFKN<8I�8E;�C<8K?<I�>FF;J�������8E;�:FEKI@9LK@E>�����G<I:<EK8><�GF@EKJ���8E;��� !<E<I8C�;<8C<IJ�������8E;�:FEKI@9LK@E>� ���F=�8�G<I:<EK8><�GF@EK���

�-<8JFE8CCP�8;ALJK<;�I<K8@C�KI8;<�J8C<J�@E:I<8J<;�9P� ����@E�K?<�=@IJK�HL8IK<I�F=�� ���:FDG8I<;�N@K?�K?<�GI<M@FLJ�HL8IK<I���Figure 10.5: Retail Trade Sales, South Africa, 2012:Q1-2014:Q1��

� �

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� ��+�� � ��+�� � ��+�� � ��+�� � ��+�� � ��+�� � ��+�� � ��+�� � ��+��

Gro

wth

R (B

illio

ns)

,<K8@C�.I8;<�-8C<J� +L8IK<I�FE�+L8IK<I���:?8E><� 3<8I�FE�3<8I���:?8E><�

���������������������������������������� ���������������������� �*8JJ<E><I�.I8EJGFIK�<O:CL;<J�D@E@9LJ�K8O@J��D<KIFGFC@K8E�9LJ<J��@E:CL;@E>�K?<��LJ�,8G@;�.I8EJGFIK�JPJK<D�T��,.���8E;�I<EK8C�F=�GI@M8K<�:8IJ�9LJ<J�N@K?FLK�;I@M<IJ���

Source: Stats SA, 2014

Figure 10.4: Growth in Freight Transportation Income, South Africa, 2012:Q1–2014;Q1

� ��+�� � ��+�� � ��+�� � ��+�� � ��+�� � ��+�� � ��+�� � ��+�� � ��+��

�.FK8C� I<@>?K�KI8EJGFIK8K@FE�#E:FD<�� ����� ����� ����� ����� ����� ����� ��� � ����� �����

,8@C�=I<@>?K�KI8EJGFIK8K@FE�� ����� � �� ������ �� �� ����� ��� � ����� ����� �����

,F8;�=I<@>?K�KI8EJGFIK8K@FE�� ����� ����� ��� � ����� ����� � ���� ���� ���� �����

� �

��

��

� �

���

� ������������

Source: Stats SA, 2014 .?<� =@IJK� HL8IK<I� F=� � ���J� M8CL<� F=� =I<@>?K� @E:FD<� ;<:I<8J<;� ������ N?<E� :FDG8I<;� KF� K?<� �K?� HL8IK<I� F=� � ��� 8E;�@E:I<8J<;� 9P� ��� N?<E� :FDG8I<;� KF� K?<� J8D<� G<I@F;� @E� � ��� 8J� ;<G@:K<;� @E� =@>LI<� � ��� 89FM<�� #E� K?<� G<I@F;� LE;<I�F9J<IM8K@FE�IF8;�=I<@>?K�KI8EJGFIK8K@FE�<OG<I@<E:<;�K?<�>I<8K<JK���������;<:C@E<�@E�@E:FD<���Table 10.2: Contribution of Industry towards Freight Transport Income, South Africa, 2014:Q1

Source: Stats SA, 2014

�8/?=><C�

'@E@E>�8E;�+L8IIP��'8EL=8:KLI<;� FF;��<M<I8><J�8E;�.F98::F�)K?<I� I<@>?K��?<D@:8CJ��FB<�*<KIFC<LD�,L99<I�*C8JK@:�8E;�FK?<I�'@E<I8CJ��>I@:LCKLI<�8E;� FI<JKIP���FEK8@E<IJ��8J@:�'<K8CJ�8E;� 89I@:8K<;�'<K8C�(FED<K8CC@:�*IF;L:KJ�'FKFI�0<?@:C<J�*8IKJ�8E;��::<JJFI@<J��C<:KI@:8C�'8:?@E<IP�.I8EJGFIK�'8:?@E<IP�8E;��HL@GD<EK��FDD<I:@8C�*IF;L:KJ�*8I:<CJ�*8G<I�8E;�*8G<I��.<OK@C<J��CFK?@E>�8E;�&<8K?<I��"FLJ<?FC;�8E;�)==@:<�*IF;L:KJ�Total

#��7466498=�� $3,<0�����

����� ����������� ���� ��� �� � �� ������ �� ������� ���������� ��� ������ ��� ����� ��������� ��� ����� ��������� ��������� ��������� ����������� ��������� �����

25,775 100

�.89C<�� ���J?FNJ�K?8K�K?<�K?I<<�KFG�:FEKI@9LKFIJ�KF�KI8EJGFIK� @E:FD<�N<I<��'@E@E>�8E;�+L8IIP����������'8EL=8:KLI<;� FF;��<M<I8><J�8E;�.F98::F���������8E;�)K?<I� I<@>?K��� ������KF><K?<I�K?<J<�@E;LJKI@<J�:FEKI@9LK<;�:CFJ<�KF�����F=�K?<�KI8EJGFIK�@E:FD<�=FI�K?<�=@IJK�HL8IK<I�F=�� ����

Source: Stats SA, 2014

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EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 50 51

�� ���;<G@:KJ�K?<�ELD9<I�F=�KFLI@JK�8II@M8CJ�KF�-FLK?��=I@:8�=FI�K?<�DFEK?J�F=�K?<�=FLIK?�HL8IK<I�F=�� ���8J�N<CC�8J�K?<�KFK8C�ELD9<I�F=�KFLI@JK�8II@M8CJ�=IFD�$8EL8IP�KF��<:<D9<I�� ����.?<�9@>><JK�ELD9<I�F=�KFLI@JK�8II@M8CJ�=FI�-FLK?��=I@:8�=FI�K?<�=FLIK?�HL8IK<I�F=�� ���F::LII<;�@E��<:<D9<I����������N@K?�K?<�?@>?<JK�@E=CLO�<D8E8K@E>�=IFD��=I@:8���� ������=FCCFN<;�9P��LIFG<������������.FLI@JK� 8II@M8CJ� KF� -FLK?� �=I@:8� =IFD� $8EL8IP� KF� �<:<D9<I� � ��� J?FN<;� GFJ@K@M<� >IFNK?� =IFD� 8CC� I<>@FEJ�� -FLK?� �=I@:8�N<C:FD<;�8�KFK8C�F=���������KFLI@JKJ�@E�� ���N?@:?�=8@IJ�=8MFLI89CP�N?<E�:FDG8I<;�KF�K?<���������KFLI@JKJ�K?8K�N<I<�I<:FI;<;� =FI� -FLK?��=I@:8� @E�� ���� �LIFG<� I<D8@EJ� K?<� C8I><JK�FM<IJ<8J�D8IB<K� =FI� -FLK?��=I@:8�N@K?�8� KFK8C� F=� ���������LIFG<8E�KFLI@JKJ�I<:FI;<;�=FI�� ����8����@E:I<8J<�FE�K?<����������LIFG<8E�KFLI@JKJ�N?F�M@J@K<;�-FLK?��=I@:8�@E�� ������?@E8�-FLK?��=I@:8�J�=FLIK?�C8I><JK�JFLI:<�D8IB<K�=FI�KFLI@JK�8II@M8CJ�=FI�K?<�J<:FE;�P<8I�@E�8�IFN�J?FN<;�8�GFJ@K@M<�>IFNK?�F=�������I<8:?@E>��������8II@M8CJ�KF�-FLK?��=I@:8�;LI@E>�� ����.FLI@JK�8II@M8CJ�=IFD�#E;@8�I<:FI;<;�8�>IFNK?�F=������N@K?��������KFLI@JK�8II@M8CJ�@E�� ����.?<�>I<8K<JK�8II@M8CJ�F=�KFLI@JKJ�@EKF�-FLK?��=I@:8�N8J�=IFD��=I@:8E�:FLEKI@<J�����������N@K?�K?<� ?@>?<JK� ELD9<I� F=� 8II@M8CJ� 9<@E>� =IFD�4@D989N<� ����������� �II@M8CJ� =IFD� &<JFK?F� :FEK@EL<;� KF� I<:FI;� 8� E<>8K@M<�>IFNK?�N@K?� ��������8II@M8CJ� I<:FI;<;� =IFD� $8EL8IP� KF��<:<D9<I�� 8� ;<:I<8J<�F=� ������� =FID� K?<� J8D<�G<I@F;� @E� K?<�GI<M@FLJ�P<8I������

.?<�G8IKE<IJ?@G�9<KN<<E�-FLK?��=I@:8�8E;��?@E8�N8J�I<:<EKCP�I<@E=FI:<;�N?<E�8EFK?<I�.FLI@JD��>I<<D<EK�N8J�J@>E<;�9P�K?<� KNF� >FM<IED<EKJ� ;LI@E>� K?<� �@(8K@FE8C� �FDD@JJ@FE� ?FJK<;� 9P� K?<� >FM<IED<EK� F=� �?@E8� @E� �<@A@E>� =IFD� �����):KF9<I� � ���� .?@J� M@J@K� KF��?@E8�N8J�LE;<IK8B<E�9P��<GLKP�*I<J@;<EK� %>8C<D8�'FKC8EK?<�N?F�N8J� 8::FDG8E@<;�9P� 8�ELD9<I�F=�'@E@JK<IJ�@E:CL;@E>�.FLI@JD�'@E@JK<I�'8IK?@ELJ�M8E�-:?8CBNPB��.?<�.FLI@JD��>I<<D<EK�N8J�J@>E<;�9P�'@E@JK<I�M8E�-:?8CBNPB�8E;�'I�-?8F�+@N<@��?8@ID8E�F=�K?<��?@E8�(8K@FE8C�.FLI@JD��;D@E@JKI8K@FE���(.����.?<�J@>E<;��>I<<D<EK�<E:FLI8><J� :FFG<I8K@FE� @E� KFLI@JD� @EM<JKD<EK�� @E=FID8K@FE� J?8I@E>��D8IB<K@E>� 8E;� GIFDFK@FE�� JB@CCJ� ;<M<CFGD<EK� 8E;�KI8@E@E>��8E;�KFLI@JD�J8=<KP�8E;�J<IM@:<�JK8E;8I;J�� Table 10.3: International Tourist Arrivals in South Africa, Oct, Nov & Dec 2013 & Jan-Dec 2013���

Total Arrivals

Region Oct 2013 Nov 2013 Dec 2013 Jan - Dec 2013 Europe ������� ��� � � ������� ���������� Russia � ��� ����� ����� ���� �

North America ������ ������ ������ �������Central & South America ������ � ���� ��� �� ��������� Brazil ����� � ��� ����� ��� ��

Australasia ������ ������ ���� � ����� �Middle East ��� � ����� ����� ������Asia ������ � ���� ������ ��� ���

�� China �� ��� ������ ���� � �������

�� India ����� � ���� ����� �������Africa ������� ������� �� ���� ��������Grand Total 794,494 835,196 942,935 9,616,964

Source: South African Tourism, 2014 Source: South African Tourism, 2014 �

10.5 Tourism Developments �10.5.1 International Tourism Developments ���JKIFE>�KFLI@JD�J<:KFI�:FEKI@9LK<J�@E�D8EP�N8PJ�KF�;<M<CFGD<EK�8E;�K?<�<:FEFDP��#K�D8B<J�9FK?�;@I<:K�:FEKI@9LK@FEJ�9P�I8@J@E>� K?<�E8K@FE8C� @E:FD<�8E;� @DGIFM@E>�K?<�98C8E:<�F=�G8PD<EKJ�8E;� @E;@I<:K�:FEKI@9LK@FEJ�M@8� @KJ�DLCK@GC@<I�<==<:K���8E;�9P�GIFM@;@E>�K?<�98J@J�=FI�:FEE<:K@E>�:FLEKI@<J�K?IFL>?�?8I;�8E;�JF=K�@E=I8JKIL:KLI<��N?@:?�8I<�8KKI@9LK<J�K?8K�8I<�8CJF�:I@K@:8C�=FI�8�:FLEKIP�J�><E<I8C�<:FEFD@:�:FDG<K@K@M<E<JJ���.?<� KFLI@JD� @E;LJKIP� ?8J� <OG<I@<E:<;� :FEK@EL<;� <OG8EJ@FE� 8E;� ;@M<IJ@=@:8K@FE� 9<:FD@E>� FE<� F=� K?<� DFJK� I8G@;CP�;<M<CFG@E>�@E;LJKI@<J�@E�K?<�NFIC;���FDG<K@K@FE�9<KN<<E�K?<�KFLI@JKI<:<@M@E>�:FLEKI@<J�?8J�9<<E�>IFN@E>�@E:I<8J@E>CP�KF�F9K8@E� K?<� ?@>?<JK� J?8I<� =IFD� K?<� <OG8E;@E>� @EK<IE8K@FE8C� KFLI@JD� D8IB<K� 8J� 8� I<JLCK� F=� K?<� <E?8E:<;� KI8EJGFIK8K@FE�=8:@C@K@<J� 8E;� 8;;@K@FE8C� @E:FD<� 8CCF:8K<;� KF� KI8M<C� <OG<EJ<J� @E� C@E<� N@K?� K?<� @DGIFM@E>� C<M<C� F=� N<C=8I<� K?8K� ?8J� 9<<E�<OG<I@<E:<;�>CF98CCP�FM<I�K?<�P<8IJ����::FI;@E>� KF� K?<�/E@K<;�(8K@FE8C�1FIC;� .FLI@JD�)I>8E@J8K@FE� �/(1.)�� @EK<IE8K@FE8C� KFLI@JD�8J� @K� I<C8K<J� KF� KI8M<C� 8E;�G8JJ<E><I�KI8EJGFIK�8::FLEKJ�=FI�����F=�K?<�NFIC;�J�<OGFIKJ�F=�J<IM@:<J�8E;����F=�FM<I8CC�<OGFIKJ�F=�>FF;J�8E;�J<IM@:<J���J�8�NFIC;N@;<�<OGFIK�:8K<>FIP�KFLI@JD�I8EBJ�=@=K?�8=K<I�=L<CJ�:?<D@:8CJ�=FF;�8E;�8LKFDFK@M<�GIF;L:KJ�N?@C<�I8EB@E>�=@IJK�@E�D8EP�;<M<CFG@E>�:FLEKI@<J����::FI;@E>�KF�K?<�/(1.)�J�CFE>K<ID�FLKCFFB�8E;�8JJ<JJD<EK�F=�=LKLI<�KFLI@JD�KI<E;J�K?<�ELD9<I�F=�@EK<IE8K@FE8C�KFLI@JK�8II@M8CJ� @J� <OG<:K<;� KF� @E:I<8J<� 9P� ����� 8� P<8I� FE� 8M<I8><� =IFD� � � � KF� � � �� .?@J� I<GI<J<EKJ� JFD<� ��� D@CC@FE� DFI<�@EK<IE8K@FE8C� KFLI@JK�8II@M8CJ�<M<IP�P<8I� I<8:?@E>�8� KFK8C�F=�����9@CC@FE�8II@M8CJ�9P�� � �����9@CC@FE�8II@M8CJ�9P�� ���8E;�����9@CC@FE�9P�� � ��#EK<IE8K@FE8C�8II@M8CJ�8I<�=FI<:8JK<;�KF�@E:I<8J<�9P�9<KN<<E����8E;������@E�� �����10.5.2 South African Tourism Developments- Tourist arrivals in South Africa .?<�-FLK?��=I@:8E�>FM<IED<EK� K?IFL>?�K?<�(8K@FE8C��<G8IKD<EK�F=�.FLI@JD��(�.��8E;�-FLK?��=I@:8E�.FLI@JD��-�.��8I<�:FEJK8EKCP� NFIB@E>� FE� =@E;@E>� N8PJ� KF� <EJLI<� K?8K� K?<� KFLI@JD� J<:KFI� G<I=FIDJ� 8K� FGK@DLD� C<M<CJ�� LIK?<I� KF� CF:8C�G8IKE<IJ?@GJ�K?8K�?8M<�9<<E�<JK89C@J?<;�KF�<E:FLI8><�K?<�J<:KFI�K?<�(�.�8E;�-�.�J<<B�KF�<JK89C@J?�G8IKE<IJ?@GJ�N@K?�FK?<I�>FM<IED<EKJ�F=� FK?<I� :FLEK@<J� KF�9FFJK� K?<� CF:8C� KFLI@JD�J<:KFI� 8E;� =LIK?<I�D8IB<K� -FLK?��=I@:8�8J� 8�GI<D@LD� KFLI@JD�;<JK@E8K@FE��FE<�JL:?�I<C8K@FEJ?@G�K?8K�?8J�9<<E�<JK89C@J?<;�@J�N@K?��?@E8��.?<�KNF�:FLEKI@<J�8I<�NFIB@E>�:CFJ<CP�N@K?�K?<�>FM<IED<EK�KF�9FFJK�JLJK8@E89C<�KFLI@JD�;<M<CFGD<EK�@E@K@8K@M<J�9<KN<<E�K?<D��.?<J<�@E@K@8K@M<J�8I<�8@D<;�8K�8:?@<M@E>�F9A<:K@M<J�F=�K?<�(8K@FE8C�.FLI@JD�-<:KFI�-KI8K<>P��(.--��@E�C@E<�N@K?�K?<�(8K@FE8C��<M<CFGD<EK�*C8E� �

���������������������������������������� ������������������������'FKFI�KI8;<�J8C<J�@E:CL;<J��M<?@:C<J�=L<C�J8C<J�8::<JJFI@<J�8E;�:8I�D8@EK<E8E:<�NFIBD8EJ?@G�������JK8K@JK@:8C�K<:?E@HL<�;<J@>E<;�KF�<M<E�FLK�G<I@F;@:�JN@E>J�@E�JK8K@JK@:J�FI�DFM<D<EKJ�@E�JLGGCP�8E;�;<D8E;�I<C8K<;�KF�:?8E>@E>�J<8JFEJ�����'FE<P�JG<EK�9P�8�KFLI@JK�:@I:LC8K<J�K?IFL>?�8�:FLEKIPRJ�<:FEFDP�DLCK@GC<�K@D<J��

10.4 Motor Trade Sales: South Africa and KwaZulu-Natal 'FKFI�KI8;<�J8C<J���J?FN<;�>IFNK?�8C9<@K�JCFN�>IFNK?�@E�K?<�=@IJK�HL8IK<I�F=�� ����-<8JFE8CCP�8;ALJK<;���DFKFI�KI8;<�J8C<J�@E:I<8J<;�9P������8E;�;<:C@E<;�9P�������@E�K?<�=@IJK�HL8IK<I�F=�� ���8E;�K?<�=FLIK?�HL8IK<I�F=�� ���I<JG<:K@M<CP��.?<�D8@E�;I@M<IJ�F=�K?<�>IFNK?�@E�DFKFI�KI8;<�J8C<J�N?<E�:FDG8I<;�KF�K?<�=@IJK�HL8IK<I�F=�� ���?8M<�9<<E�8E�@E:I<8J<�@E�=L<C��������8E;�J8C<J�8::<JJFI@<J�GLI:?8J<J�������

Page 33: 1st Quarter 2014 - TIKZN · EZOMNOTHO THE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW “Building an economy that creates opportunities for all and making tourism to

EZOMNOTHOTHE KWAZULU-NATAL QUARTERLY ECONOMIC AND STATISTICAL OVERVIEW

“Building an economy that creates opportunities for all and making tourism to work for us all” 52 53

Source: STR Global, 2014 �

.FK8C� @E:FD<�=FI�K?<�KFLI@JK�8::FDDF;8K@FE�@E;LJKIP��D<8JLI<;�8K�:LII<EK�GI@:<J��I<:FI;<;�8E�@E:I<8J<�F=������@E�'8I:?�� ���N?<E�:FDG8I<;�KF�K?<�J8D<�DFEK?�@E�� ���8J�J?FNE�@E�.89C<�� ����#E:FD<�=IFD�8::FDDF;8K@FE�@E:I<8J<;�9P������@E� K?<� =@IJK�HL8IK<I�F=�� ���N?<E�:FDG8I<;� KF� K?<� =@IJK�HL8IK<I�F=�� ����N@K?� K?<�>I<8K<JK� I<M<EL<�><E<I8K<;� =IFD�?FK<C�8::FDDF;8K@FE���Table 10.5: Hotel Occupancy Rates, Selected Regions (%), Q1:2014�

Source: Stats SA, 2014 ��.FK8C� @E:FD<�=FI�K?<�KFLI@JK�8::FDDF;8K@FE�@E;LJKIP��D<8JLI<;�8K�:LII<EK�GI@:<J��I<:FI;<;�8E�@E:I<8J<�F=������@E�'8I:?�

10.5.3 Tourism Accommodation Table 10.4: South African Tourist Accommodation Industry, Q1:2014

Indicator Jan 2014 Y-on-Y Feb 2014 Y-on Y Mar 2014 Y-on-Y

-K8P�/E@KJ��M8@C89C<�� ���M<I8><� ������ � � ����� � � ����� ���-K8P�/E@K�(@>?K�-FC;�� ���M<I8><� �� ���� � ��� �� ���� ���� ������� ����M<I8><�@E:FD<�G<I�JK8P�LE@K�JFC;��,8E;�� ������ ���� ������ ���� ������ ����#E:FD<�=IFD��::FDDF;8K@FE��,�D@CC@FE�� ������� ����� ������� ���� ����� � ����.FK8C�#E:FD<�5,RD@C6��M<I8><� ������� ����� � �� � ���� ������� ����

Source: Stats SA, 2014

Region Jan 2014 Feb 2014 Mar 2014

-FLK?��=I@:8� ����� ����� �����1<JK<IE��8G<� ����� ����� �����!8LK<E>� ����� ����� �����%N84LCL(8K8C� ����� ����� � ����LI98E�8E;�JLIIFLE;@E>J� ����� �� ���LI98E��@KP��<EKI<� ����� ����� � ����8G<�.FNE� ��� � ����� ������8JK<IE��8G<� ����� ����� �����

Source: STR Global, 2014

�.?<� ?FK<C� F::LG8E:P� GI<J<EK<;� @E� .89C<� � ��� J?8I<J� JFD<� M8CL89C<� @EJ@>?KJ�N@K?� I<>8I;� KF� 9FK?� K?<� J<8JFE8C� E8KLI<� F=�KFLI@JD�@E�%N84LCL(8K8C�8E;�@KJ��G<I=FID8E:<�8J�:FDG8I<;�KF�FK?<I�D8AFI�KFLI@JK�;<JK@E8K@FEJ�@E�K?<�GIFM@E:<��.?<�:@KP�F=��8G<�.FNE�<EAFP<;�K?<�?@>?<JK�F::LG8E:P�I8K<J�=FI�8CC�K?<�K?I<<�DFEK?J�F=�K?<�=@IJK�HL8IK<I�N@K?�I8K<J�F=�����������8E;�������=FI�$8EL8IP� <9IL8IP�8E;�'8I:?�I<JG<:K@M<CP��