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South African Economy Sees Modest Growth in Q4
The South African economy rose by 0.4% quarter-on-quarter in Q4 2025, following a downwardly revised 0.3% growth in Q3 and slightly above analysts' forecasts of 0.3%. This marked the fifth straight quarter of expansion, with growth recorded in five of the ten industries. The finance sector led the gains, rising 1.4% and contributing 0.3 percentage points to GDP. Trade increased 0.9% and personal services grew 0.4%. In contrast, manufacturing was the largest drag, falling 0.6%. From the demand side, household consumption (+1.2%), government spending (+0.5%) and fixed investment (1.3%) helped sustain positive momentum. On an annual basis, GDP grew 0.8% in Q4, down from a 2.1% increase in Q3 and below forecasts of 1.8%. For the full year 2025, GDP rose 1.1%, the strongest growth since 2022, following a revised increase of 0.5% in 2024.
Published on 2026-03-10

South African Economy Sees Modest Growth in Q4
The South African economy rose by 0.4% quarter-on-quarter in Q4 2025, following a downwardly revised 0.3% growth in the prior period and slightly above analysts' forecasts of 0.3%. This marked the fifth consecutive quarter of expansion, with five out of ten industries registering growth. The finance sector led growth, rising 1.4% and contributing 0.3 percentage points to GDP. Trade increased 0.9% (0.1 points), and personal services grew 0.4% (0.1 points). Manufacturing weighed on GDP, falling 0.6% and subtracting 0.1 points. On a yearly basis, the GDP grew by 0.8% in Q4, down from a 2.1% advance in Q2 and below forecasts of 1.8%. In 2025, the GDP rose by 1.1%, the most since 2022, following a revised increase of 0.5% in 2024.
Published on 2026-03-10

South African Economy Sees Modest Growth in Q4
The South African economy rose by 0.4% quarter-on-quarter in Q4 2025, following a downwardly revised 0.3% growth in Q3 and slightly above analysts' forecasts of 0.3%. This marked the fifth straight quarter of expansion, with growth recorded in five of the ten industries. The finance sector led the gains, rising 1.4% and contributing 0.3 percentage points to GDP. Trade increased 0.9% and personal services grew 0.4%. In contrast, manufacturing was the largest drag, falling 0.6%. From the demand side, household consumption (+1.2%), government spending (+0.5%) and fixed investment (1.3%) helped sustain positive momentum. However, inventories (-0.5 points) and net exports (-0.3 points) weighed on GDP, with exports down 0.6% and imports up 0.5%. On an annual basis, the economy grew 0.8% in Q4, down from a 2.1% increase in Q3 and below forecasts of 1.8%. For the full year 2025, GDP rose 1.1%, the strongest growth since 2022, following a revised increase of 0.5% in 2024.
Published on 2026-03-10

South African Economy Sees Modest Growth in Q4
The South African economy rose by 0.4% quarter-on-quarter in Q4 2025, following a downwardly revised 0.3% growth in Q3 and slightly above analysts' forecasts of 0.3%. This marked the fifth straight quarter of expansion, with growth recorded in five of the ten industries. The finance sector led the gains, rising 1.4% and contributing 0.3 percentage points to GDP. Trade increased 0.9% and personal services grew 0.4%. In contrast, manufacturing was the largest drag, falling 0.6%. From the demand side, household consumption (+1.2%), government spending (+0.5%) and fixed investment (1.3%) helped sustain positive momentum. However, inventories (-0.5 points) and net exports (-0.3 points) weighed on GDP, with exports down 0.6% and imports up 0.5%. On an annual basis, GDP grew 0.8% in Q4, down from a 2.1% increase in Q3 and below forecasts of 1.8%. For the full year 2025, GDP rose 1.1%, the strongest growth since 2022, following a revised increase of 0.5% in 2024.
Published on 2026-03-10

South African Economy Sees Modest Growth in Q4
The South African economy rose by 0.4% quarter-on-quarter in Q4 2025, following a downwardly revised 0.3% growth in the prior period and slightly above analysts' forecasts of 0.3%. This marked the fifth consecutive quarter of expansion, with five out of ten industries registering growth. The finance sector led growth, rising 1.4% and contributing 0.3 percentage points to GDP. Trade increased 0.9% (0.1 points), and personal services grew 0.4% (0.1 points). Manufacturing weighed on GDP, falling 0.6% and subtracting 0.1 points. In 2025, the GDP rose by 1.1%, the most since 2022, following a revised increase of 0.5% in 2024.
Published on 2026-03-10

South Africa Economy Expands for 4th Quarter
The South African economy advanced by 0.5% quarter-on-quarter in Q3 2025, following an upwardly revised 0.9% growth in the previous period and marking the fourth consecutive quarter of expansion. Nine out of ten industries registered growth, with trade (+1%) contributing the most, followed by mining (+2.3%) and finance (+0.3%). On a yearly basis, the GDP expanded by 2.1% in Q3, the fastest expansion since Q3 2022, accelerating from the prior quarter’s upwardly revised 0.9%.
Published on 2025-12-02

South Africa Economy Expands for 4th Quarter
The South African economy advanced by 0.5% quarter-on-quarter in Q3 2025, following an upwardly revised 0.9% growth in the previous period and marking the fourth consecutive quarter of expansion. Nine out of ten industries registered growth, with trade (+1% vs +1.4% in Q2) contributing the most, alongside mining (+2.3% vs +3.5%), agriculture (+1.1% vs +2.5%) and finance, real estate and business services (+0.3% vs +0.7%). From the demand perspective, household consumption (+0.7% vs +1%), government spending (+0.3% vs +0.9%) and fixed investment (+1.6% vs -1.6%) kept growth supported. On the other hand, changes in inventories subtracted 0.1 percentage points. Net trade also contributed negatively to expenditure on GDP, as the 0.7% rise in exports was outpaced by a 2.2% increase in imports. On a yearly basis, the GDP expanded by 2.1% in Q3, the fastest expansion since Q3 2022, accelerating from the prior quarter’s upwardly revised 0.9%.
Published on 2025-12-02

South Africa Economy Expands for 4th Quarter
The South African economy advanced by 0.5% quarter-on-quarter in Q3 2025, following an upwardly revised 0.9% growth in the prior period and marking the fourth consecutive quarter of expansion. Nine out of ten industries registered growth, with trade (+1% vs +1.4% in Q2) contributing the most, alongside mining (+2.3% vs +3.5%), agriculture (+1.1% vs +2.5%) and finance, real estate and business services (+0.3% vs +0.7%). Conversely, the utilities sector contracted (-2.5% vs 0.2%). From the demand perspective, household consumption (+0.7% vs +1%), government spending (+0.3% vs +0.9%) and fixed investment (+1.6% vs -1.6%) kept growth supported. On the other hand, changes in inventories subtracted 0.1 percentage point. Net trade also contributed negatively to expenditure on GDP, as the 0.7% rise in exports was outpaced by a 2.2% increase in imports. On a yearly basis, the GDP expanded by 2.1% in Q3, the fastest expansion since Q3 2022, accelerating from the upwardly revised 0.9% in Q2.
Published on 2025-12-02

South Africa Economy Expands for 4th Quarter
The South African economy advanced by 0.5% quarter-on-quarter in Q3 2025, following an upwardly revised 0.9% growth in the previous period and marking the fourth consecutive quarter of expansion. Nine out of ten industries registered growth, with trade (+1%) contributing the most, followed by mining (+2.3%) and finance (+0.3%). On a yearly basis, the GDP expanded by 2.1% in Q3, marking the strongest performance since Q3 2022, reflecting improved momentum compared with the revised 0.9% recorded previously.
Published on 2025-12-02

South Africa Economy Expands for 4th Quarter
The South African economy advanced by 0.5% quarter-on-quarter in Q3 2025, following an upwardly revised 0.9% growth in the previous period and marking the fourth consecutive quarter of expansion. Nine out of ten industries registered growth, with trade (+1% vs +1.4% in Q2) contributing the most, alongside mining (+2.3% vs +3.5%), agriculture (+1.1% vs +2.5%) and finance, real estate and business services (+0.3% vs +0.7%). From the demand perspective, household consumption (+0.7% vs +1%), government spending (+0.3% vs +0.9%) and fixed investment (+1.6% vs -1.6%)) kept growth supported. On the other hand, changes in inventories subtracted 0.1 percentage points. Net trade also contributed negatively to expenditure on GDP, as the 0.7% rise in exports was outpaced by a 2.2% increase in imports. On a yearly basis, the GDP expanded by 2.1% in Q3, the fastest expansion since Q3 2022, accelerating from the prior quarter’s upwardly revised 0.9%.
Published on 2025-12-02

South Africa Economy Expands for 4th Quarter
The South African economy advanced by 0.5% quarter-on-quarter in Q3 2025, following an upwardly revised 0.9% growth in the prior period and marking the fourth consecutive quarter of expansion. Nine out of ten industries registered growth, with trade (+1% vs +1.4% in Q2) contributing the most, alongside mining (+2.3% vs +3.5%), agriculture (+1.1% vs +2.5%) and finance, real estate and business services (+0.3% vs +0.7%). Conversely, the utilities sector contracted (-2.5% vs 0.2%).From the demand perspective, household consumption (+0.7% vs +1%), government spending (+0.3% vs +0.9%) and fixed investment (+1.6% vs -1.6%) kept growth supported. On the other hand, changes in inventories subtracted 0.1 percentage point. Net trade also contributed negatively to expenditure on GDP, as the 0.7% rise in exports was outpaced by a 2.2% increase in imports. On a yearly basis, the GDP expanded by 2.1% in Q3, the fastest expansion since Q3 2022, accelerating from the upwardly revised 0.9% in Q2.
Published on 2025-12-02

South Africa Economy Expands for 4th Quarter
The South African economy advanced by 0.5% quarter-on-quarter in Q3 2025, following an upwardly revised 0.9% growth in the previous period and marking the fourth consecutive quarter of expansion. Nine out of ten industries registered growth, with trade (+1%) contributing the most, followed by mining (+2.3%), agriculture (+1.1%) and finance (+0.3%). From the demand perspective, household consumption (+0.7%), government spending (+0.3%) and fixed investment (+1.6%) contributed positively to the GDP growth. On a yearly basis, the GDP expanded by 2.1% in Q3, the fastest expansion since Q3 2022, accelerating from the prior quarter’s upwardly revised 0.9%.
Published on 2025-12-02

South Africa Economy Expands for 4th Quarter
The South African economy advanced by 0.5% quarter-on-quarter in Q3 2025, following an upwardly revised 0.9% growth in the prior period and marking the fourth consecutive quarter of expansion. Nine out of ten industries registered growth, with trade (+1% vs +1.4% in Q2) contributing the most, alongside mining (+2.3% vs +3.5%), agriculture (+1.1% vs +2.5%) and finance, real estate and business services (+0.3% vs +0.7%). From the demand perspective, household consumption (+0.7% vs +1%), government spending (+0.3% vs +0.9%) and fixed investment (+1.6% vs -1.6%) kept growth supported. On the other hand, changes in inventories subtracted 0.1 percentage points. Net trade also contributed negatively to expenditure on GDP, as the 0.7% rise in exports was outpaced by a 2.2% increase in imports. On a yearly basis, the GDP expanded by 2.1% in Q3, the fastest expansion since Q3 2022, accelerating from the prior quarter’s upwardly revised 0.9%.
Published on 2025-12-02

South African Economy Expands for 4th Quarter
The South African economy advanced by 0.5% quarter-on-quarter in Q3 2025, following an upwardly revised 0.9% growth in the prior period and marking the fourth consecutive quarter of expansion. Nine out of ten industries registered growth, with trade (+1% vs +1.4% in Q2) contributing the most, alongside mining (+2.3% vs +3.5%), agriculture (+1.1% vs +2.5%) and finance, real estate and business services (+0.3% vs +0.7%). Conversely, the utilities sector contracted (-2.5% vs 0.2%). From the demand perspective, household consumption (+0.7% vs +1%), government spending (+0.3% vs +0.9%) and fixed investment (+1.6% vs -1.6%) kept growth supported. On the other hand, changes in inventories subtracted 0.1 percentage point. Net trade also contributed negatively to expenditure on GDP, as the 0.7% rise in exports was outpaced by a 2.2% increase in imports. On a yearly basis, the GDP expanded by 2.1% in Q3, the fastest expansion since Q3 2022, accelerating from the upwardly revised 0.9% in Q2.
Published on 2025-12-02

South Africa Economy Expands for 4th Quarter
The South African economy advanced by 0.5% quarter-on-quarter in Q3 2025, following an upwardly revised 0.9% growth in the previous period and marking the fourth consecutive quarter of expansion. Nine out of ten industries registered growth, with trade (+1%) contributing the most, alongside mining (+2.3%), agriculture (+1.1%) and finance (+0.3%). From the demand perspective, household consumption (+0.7%), government spending (+0.3%) and fixed investment (+1.6%) kept growth supported. On the other hand, changes in inventories subtracted 0.1 percentage points. Net trade also contributed negatively to expenditure on GDP, as the 0.7% rise in exports was outpaced by a 2.2% increase in imports. On a yearly basis, the GDP expanded by 2.1% in Q3, the fastest expansion since Q3 2022, accelerating from the prior quarter’s upwardly revised 0.9%.
Published on 2025-12-02

South Africa Economy Expands for 4th Quarter
The South African economy advanced by 0.5% quarter-on-quarter in Q3 2025, following an upwardly revised 0.9% growth in the prior period and marking the fourth consecutive quarter of expansion. Nine out of ten industries registered growth, with trade (+1% vs +1.4% in Q2) contributing the most, alongside mining (+2.3% vs +3.5%), agriculture (+1.1% vs +2.5%) and finance, real estate and business services (+0.3% vs +0.7%). From the demand perspective, household consumption (+0.7% vs +1%), government spending (+0.3% vs +0.9%) and fixed investment (+1.6% vs -1.6%) kept growth supported. On the other hand, changes in inventories subtracted 0.1 percentage points. Net trade also contributed negatively to expenditure on GDP, as the 0.7% rise in exports was outpaced by a 2.2% increase in imports. On a yearly basis, the GDP expanded by 2.1% in Q3, the fastest expansion since Q3 2022, accelerating from the prior quarter’s upwardly revised 0.9%.
Published on 2025-12-02

South Africa Economy Gains Steam, Beats Forecasts
The South African economy grew by 0.8% quarter-on-quarter in Q2 2025, improving on a minimal 0.1% growth in Q1 and beating forecasts of 0.5%. Despite the modest scale, this represents the strongest quarterly growth since Q3 2022. Growth in production was primarily supported by manufacturing, mining, and trade, with household consumption and reduced imports bolstering expenditure.
Published on 2025-09-09

South Africa Economy Gains Steam, Beats Forecasts
The South African economy grew by 0.8% quarter-on-quarter in Q2 2025, improving on a minimal 0.1% growth in Q1 and beating forecasts of 0.5%. Despite the modest scale, this represents the strongest quarterly growth since Q2 2023. Eight out of ten industries registered growth, with manufacturing (+1.8%) contributing the most, followed by mining (+3.7%) and trade (+1.7%). On the expenditure side, stronger household consumption and softer import levels helped sustain positive momentum.
Published on 2025-09-09

South Africa Economy Expands More than Anticipated
The South African economy grew by 0.8% quarter-on-quarter in Q2 2025, improving on a minimal 0.1% growth in Q1 and beating forecasts of 0.5%. Despite the modest scale, this represents the strongest quarterly growth since Q2 2023. Eight out of ten industries registered growth, with manufacturing (+1.8%) contributing the most, followed by mining (+3.7%) and trade (+1.7%). The agriculture, forestry, and fishing sector saw a 2.5% rise during the period, thanks to stronger activity in both horticulture and animal products. On the expenditure side, stronger household consumption and softer import levels helped sustain positive momentum. On a yearly basis, the GDP expanded by 0.6% in Q2, down from a 0.8% growth in the previous three-month period. Considering the first half of the year, the South African economy advanced by 0.7%.
Published on 2025-09-09

South Africa Economy Gains Steam, Beats Forecasts
The South African economy grew by 0.8% quarter-on-quarter in Q2 2025, improving on a minimal 0.1% growth in Q1 and beating forecasts of 0.5%. This was the fastest growth rate since Q3 2022 Despite modest, it marked the strongest growth rate since Q3 2022. Despite the modest scale, this represents the strongest quarterly growth since Q3 2022. Growth in production was primarily supported by manufacturing, mining, and trade, with household consumption and reduced imports bolstering expenditure.
Published on 2025-09-09