Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Stock Market (points) 110070.23 114297 108374 105248 102202
Currency 17.01 16.91 16.64 16.5 16.35
Government Bond 10Y (%) 9.20 8.91 8.76 8.68 8.6

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.40 1 0.7 1.5 0.8
GDP Annual Growth Rate (%) 0.80 0.8 1 1.2 1.4
Unemployment Rate (%) 31.40 32.3 32.6 31.5 32.5
Inflation Rate (%) 3.00 3.3 3.3 3.2 3.3
Inflation Rate MoM (%) 0.40 0.5 0.7 -0.1 0.2
Interest Rate (%) 6.75 6.75 6.75 6.75 6.5
Balance of Trade (ZAR Million) 9310.00 13000 22500 20000 29000
Current Account (ZAR Million) 50169.00 -55000 -85000 -65000 -160000
Business Confidence (points) 47.00 35 38 40 38
Manufacturing PMI (points) 47.40 48.8 50.3 48.8 51
Retail Sales MoM (%) 0.90 -0.2 1 1.8 2.1
Consumer Confidence (points) -9.00 -11 -10 -12 -8
Current Account to GDP (% of GDP) -0.50 -1.1
Government Debt to GDP (% of GDP) 78.90 77.3
Government Budget (% of GDP) -4.50 -4

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.40 1 0.7 1.5 0.8
GDP Annual Growth Rate (%) 0.80 0.8 1 1.2 1.4
GDP Constant Prices (ZAR Million) 4746211.00 4714513 4761643 4785340 4812658
Gross National Product (ZAR Million) 4800615.00 4738878 4796558 4858222 4867824
Gross Fixed Capital Formation (ZAR Million) 654649.00 652463 644110 654285 663814
GDP from Manufacturing (ZAR Million) 516565.00 516782 524102 526022 523797
GDP from Public Administration (ZAR Million) 376312.00 373424 376547 379369 381580
GDP from Transport (ZAR Million) 381949.00 383760 384858 387512 387296
GDP from Agriculture (ZAR Million) 136524.08 133613 135438 137645 138435
GDP from Construction (ZAR Million) 97984.00 100756 100188 100451 99356
GDP from Utilities (ZAR Million) 92954.00 98234 98574 96170 94255
GDP from Mining (ZAR Million) 208475.00 200215 206973 212353 211394
GDP from Services (ZAR Million) 1172082.00 1159375 1168370 1170272 1188491
GDP (USD Billion) 400.26 406
GDP per Capita (USD) 5708.96 5789
GDP per Capita PPP (USD) 13598.79 13789
Full Year GDP Growth (%) 1.10 1.4

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 31.40 32.3 32.6 31.5 32.5
Employed Persons 17099.00 16900 16920 16950 17400
Unemployed Persons (Thousand ) 7836.00 8200 8350 8050 7885
Youth Unemployment Rate (%) 57.00 61 62.5 60 58
Population (Million) 63.10 64.2
Minimum Wages (ZAR/Hour) 28.79 30.23

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 3.00 3.3 3.3 3.2 3.3
Inflation Rate MoM (%) 0.40 0.5 0.7 -0.1 0.2
Consumer Price Index CPI (points) 104.20 105 106 107 107
Core Inflation Rate (%) 3.00 3.2 3.2 3.2 3.2
Core Consumer Prices (points) 104.30 105 105 106 107
Producer Prices (points) 103.40 104 105 105 106
Producer Prices Change (%) 2.20 1.8 2.2 1.3 2
Export Prices (points) 195.90 178 182 179 180
Import Prices (points) 167.10 163 170 165 170
Food Inflation (%) 3.70 4.5 3.3 2.9 3.6
Producer Price Inflation MoM (%) -0.20 0.2 1.2 1.2 1.7
Core Inflation Rate MoM (%) 0.70 0.4 0.5 0.5 0.2
CPI Housing Utilities (points) 104.90 104 105 108 108
CPI Transportation (points) 99.10 99.6 100 100 100

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 6.75 6.75 6.75 6.75 6.5
Interbank Rate (%) 6.60 6.6 6.6 6.6 6.35
Money Supply M2 (ZAR Million) 4788203.00 4465000 4550000 4400000 4900000
Money Supply M3 (ZAR Million) 5859771.00 6100000 5885000 5950000 60500000
Foreign Exchange Reserves (USD Million) 81060.00 84000 76000 82000 74000
Loans to Private Sector (ZAR Million) 5239718.00 4919195 5021705 5148212 5309456
Deposit Interest Rate (%) 6.90 6.9 6.9 6.9 6.65
Lending Rate (%) 10.25 10.25 10.25 10.25 10

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (ZAR Million) 9310.00 13000 22500 20000 29000
Current Account (ZAR Million) 50169.00 -55000 -85000 -65000 -160000
Imports (ZAR Million) 146475.16 152000 149500 160000 161000
Exports (ZAR Million) 155789.54 165000 172000 180000 190000
Tourist Arrivals 1439386.00 1150000 1150000 985000 1300000
Terms of Trade (points) 117.20 109 107 108 106
Current Account to GDP (% of GDP) -0.50 -1.1

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Business Confidence (points) 47.00 35 38 40 38
Manufacturing PMI (points) 47.40 48.8 50.3 48.8 51
Industrial Production (%) -0.70 -0.8 2.1 -1.2 1.3
Industrial Production Mom (%) 1.50 0.8 -0.2 0.5 -1.5
Bankruptcies (Companies) 96.00 120 150 119 127
Car Registrations (Units) 37576.00 29800 31900 33000 35000
Total Vehicle Sales (Units) 53460.00 48500 47100 45500 43500
Leading Economic Index (%) -1.00 1.3 1 1 1.4
Coincident Index (points) 131.40 110 110 110 115
Electricity Production (Gigawatt-hour) 18029.00 20100 19500 21000 22500
Mining Production (%) 4.60 -1.6 2 4 -1.3
Composite PMI (points) 50.00 48.7 49.3 49.8 51
Gold Production (%) 0.70 13 2.4 -2.5 -1.8

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Retail Sales MoM (%) 0.90 -0.2 1 1.8 2.1
Consumer Confidence (points) -9.00 -11 -10 -12 -8
Retail Sales YoY (%) 4.20 1.7 3 1.6 2.3
Consumer Spending (ZAR Million) 3277648.94 3195809 3244433 3279245 3323536
Disposable Personal Income (ZAR Million) 5014296.00 4860156 4953813 5074468 5084496
Private Sector Credit (%) 8.83 9.8 9 7.8 6.5
Bank Lending Rate (%) 10.25 10.25 10.25 10.25 10
Gasoline Prices (USD/Liter) 1.26 1.27 1.33 1.37 1.41

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Building Permits (ZAR Thousand) 6275341.00 7500000 7600000 8100000 8300000
Housing Index (points) 123.10 130 135 140 150

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Debt to GDP (% of GDP) 78.90 77.3
Government Budget (% of GDP) -4.50 -4

Taxes Actual Q1/26 Q2/26 Q3/26 Q4/26
Sales Tax Rate (%) 15.00 16