Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Stock Market (points) 120051.24 118234 113845 110855 107950
Currency 16.03 15.95 15.77 15.63 15.51
Government Bond 10Y (%) 8.06 8.02 7.92 7.85 7.79

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.50 1 0.7 1.5 0.8
GDP Annual Growth Rate (%) 2.10 0.8 1 1.2 1.4
Unemployment Rate (%) 31.90 32.8 32.6 31.5 32.5
Inflation Rate (%) 3.60 3.3 3.3 3.2 3.3
Inflation Rate MoM (%) 0.20 0.5 0.3 -0.1 0.2
Interest Rate (%) 6.75 6.75 6.5 6.25 6
Balance of Trade (ZAR Million) 23180.00 13000 22500 20000 29000
Current Account (ZAR Million) -57023.00 -55000 -85000 -65000 -160000
Business Confidence (points) 44.00 35 38 40 38
Manufacturing PMI (points) 48.70 48.8 50.3 48.8 51
Retail Sales MoM (%) 0.60 -0.2 1 1.8 2.1
Consumer Confidence (points) -9.00 -14 -10 -12 -8
Current Account to GDP (% of GDP) -0.60 -1.1
Government Debt to GDP (% of GDP) 76.90 77.2
Government Budget (% of GDP) -5.00 -3.8

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.50 1 0.7 1.5 0.8
GDP Annual Growth Rate (%) 2.10 0.8 1 1.2 1.4
GDP Constant Prices (ZAR Million) 4746698.00 4717313 4770399 4803658 4813152
Gross National Product (ZAR Million) 4800615.00 4738878 4796558 4858222 4867824
Gross Fixed Capital Formation (ZAR Million) 647540.00 653035 643815 655310 656606
GDP from Manufacturing (ZAR Million) 518417.34 513299 521812 524638 525675
GDP from Mining (ZAR Million) 208444.74 198455 205711 210946 211363
GDP from Public Administration (ZAR Million) 375390.29 373429 376539 379895 380646
GDP from Transport (ZAR Million) 382696.95 383518 384474 387289 388055
GDP from Agriculture (ZAR Million) 140024.26 136205 139910 141705 141985
GDP from Utilities (ZAR Million) 95300.43 98284 98722 96444 96635
GDP from Construction (ZAR Million) 99649.00 100648 100565 100845 101044
GDP from Services (ZAR Million) 1167278.56 1165552 1175634 1181286 1183620
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 (%) 0.60 1.4

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 31.90 32.8 32.6 31.5 32.5
Unemployed Persons (Thousand ) 8007.00 8200 8350 8050 7885
Employed Persons 17055.00 16900 16920 16950 17400
Youth Unemployment Rate (%) 58.50 61 62.5 60 58
Population (Million) 63.02 64.2
Minimum Wages (ZAR/Hour) 28.79 30.23

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 3.60 3.3 3.3 3.2 3.3
Inflation Rate MoM (%) 0.20 0.5 0.3 -0.1 0.2
Consumer Price Index CPI (points) 103.60 105 106 107 107
Core Inflation Rate (%) 3.30 3.2 3.2 3.2 3.2
Core Consumer Prices (points) 103.30 105 105 106 107
Producer Prices (points) 103.60 104 105 105 106
Producer Prices Change (%) 2.90 1.8 2.2 1.3 2
Export Prices (points) 190.40 178 182 179 180
Import Prices (points) 172.10 163 170 165 170
Food Inflation (%) 4.40 4.5 3.3 2.9 3.6
Core Inflation Rate MoM (%) 0.10 0.5 0.5 0.5 0.2
Producer Price Inflation MoM (%) 0.20 1.2 1.2 1.2 1.7
CPI Transportation (points) 101.00 102 102 102 102
CPI Housing Utilities (points) 104.90 104 105 108 108

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 6.75 6.75 6.5 6.25 6
Interbank Rate (%) 6.59 6.59 6.34 6.09 5.84
Money Supply M2 (ZAR Million) 4835694.00 4465000 4550000 4400000 4900000
Money Supply M3 (ZAR Million) 5882466.00 6100000 5885000 5950000 60500000
Foreign Exchange Reserves (USD Million) 80193.00 80000 76000 82000 74000
Loans to Private Sector (ZAR Million) 5237674.00 4919195 5021705 5168498 5311001
Deposit Interest Rate (%) 7.16 7.16 6.91 6.66 6.41
Lending Rate (%) 10.25 10.25 10 9.75 9.5

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (ZAR Million) 23180.00 13000 22500 20000 29000
Current Account (ZAR Million) -57023.00 -55000 -85000 -65000 -160000
Imports (ZAR Million) 141086.64 152000 149500 160000 161000
Exports (ZAR Million) 164263.21 165000 172000 180000 190000
Tourist Arrivals 1339217.00 1150000 1150000 985000 1300000
Terms of Trade (points) 110.60 109 107 108 106
Current Account to GDP (% of GDP) -0.60 -1.1

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Business Confidence (points) 44.00 35 38 40 38
Manufacturing PMI (points) 48.70 48.8 50.3 48.8 51
Industrial Production Mom (%) -1.10 0.8 -0.2 0.5 -1.5
Industrial Production (%) -1.00 -0.8 2.1 -1.2 1.3
Bankruptcies (Companies) 100.00 120 150 119 127
Car Registrations (Units) 35579.00 29800 31900 33000 35000
Total Vehicle Sales (Units) 50070.00 48500 47100 45500 43500
Leading Economic Index (%) 1.40 1.3 1 1 1.4
Coincident Index (points) 132.30 110 110 110 115
Electricity Production (Gigawatt-hour) 18379.00 20100 19500 21000 22500
Composite PMI (points) 50.00 48.7 49.3 49.8 51
Mining Production (%) -2.70 -1.6 2 4 -1.3
Gold Production (%) -6.00 13 2.4 -2.5 -1.8

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Retail Sales MoM (%) 0.60 -0.2 1 1.8 2.1
Consumer Confidence (points) -9.00 -14 -10 -12 -8
Retail Sales YoY (%) 3.50 1.7 3 1.6 2.3
Consumer Spending (ZAR Million) 3225073.08 3196195 3235359 3263774 3270224
Disposable Personal Income (ZAR Million) 5014296.00 4860156 4953813 5074468 5084496
Private Sector Credit (%) 8.74 6.8 6 5.1 5
Bank Lending Rate (%) 10.25 10.25 10 9.75 9.5
Gasoline Prices (USD/Liter) 1.26 1.28 1.33 1.36 1.4

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Building Permits (ZAR Thousand) 9331745.00 7500000 7600000 8100000 8300000
Housing Index (points) 121.30 130 135 140 150

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Debt to GDP (% of GDP) 76.90 77.2
Government Budget (% of GDP) -5.00 -3.8

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