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Annual financial stats give unemployed hope

Sunday World

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SW November 30 2025 edition

Companies spend more money on human capital

- By Mzwandile kaBizokwakhe

South Africa’s economy demonstrated resilience and growth in 2024, with total industry turnover climbing to R15.7-trillion, a 5.5% increase from the previous year’s revised estimate of R14.9-trillion.

The Annual Financial Statistics (AFS) report released by Statistics South Africa on Thursday reveals a significant 12.3% surge in employment costs, signalling robust job market health and rising incomes across most sectors.

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