Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Stock Market (points) 117518.36 115338 110232 106754 103393
Currency 16.18 16.04 15.82 15.67 15.52
Government Bond 10Y (%) 8.47 8.4 8.23 8.11 7.99

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.50 0.6 0.8 1.2 0.6
GDP Annual Growth Rate (%) 1.90 1.2 1.4 1.6 1.3
Unemployment Rate (%) 32.70 32.5 31.7 32.8 33.5
Inflation Rate (%) 5.00 4.9 4.4 4.9 3.7
Inflation Rate MoM (%) 0.70 0.7 0.3 0.4 0.2
Interest Rate (%) 7.00 7.25 7.5 7.5 6.75
Balance of Trade (ZAR Million) 17750.00 20000 27000 33000 32500
Current Account (ZAR Million) 190700.00 -65000 -160000 150000 -78000
Business Confidence (points) 39.00 34 32 36 38
Manufacturing PMI (points) 46.80 48.8 51 52 51.9
Retail Sales MoM (%) 0.10 1.4 -0.5 0.3 0.7
Consumer Confidence (points) -19.00 -17 -14 -12 -9
Current Account to GDP (% of GDP) -0.50 -1.1
Government Debt to GDP (% of GDP) 78.90 80.6
Government Budget (% of GDP) -4.50 -4

GDP Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.50 0.6 0.8 1.2 0.6
GDP Annual Growth Rate (%) 1.90 1.2 1.4 1.6 1.3
GDP Constant Prices (ZAR Million) 4772091.00 4785340 4812658 4848444 4834128
Gross National Product (ZAR Million) 4934452.00 4835074 4944398 5013403 4998600
Gross Fixed Capital Formation (ZAR Million) 647132.00 654285 663814 657486 655545
GDP from Manufacturing (ZAR Million) 512313.00 526022 523797 520510 518973
GDP from Public Administration (ZAR Million) 377562.00 379369 381580 383603 382470
GDP from Transport (ZAR Million) 384491.00 387512 387296 390643 389489
GDP from Services (ZAR Million) 1183046.00 1170272 1188491 1201975 1198426
GDP from Agriculture (ZAR Million) 141820.00 137645 138435 144089 143664
GDP from Mining (ZAR Million) 209866.00 212353 211394 213224 212594
GDP from Utilities (ZAR Million) 93302.00 96170 94255 94795 94515
GDP from Construction (ZAR Million) 98223.00 100451 99356 99795 99500
GDP (USD Billion) 427.18 433
GDP per Capita (USD) 5713.12 5793
GDP per Capita PPP (USD) 13592.05 13782
Full Year GDP Growth (%) 1.10 1.4

Labour Actual Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 32.70 32.5 31.7 32.8 33.5
Unemployed Persons (Thousand ) 8137.00 8050 7840 8200 8350
Employed Persons (Thousand) 16754.00 16950 17400 16900 17200
Youth Unemployment Rate (%) 60.90 58.7 57.5 60 60.4
Population (Million) 63.10 63.3
Minimum Wages (ZAR/Hour) 30.23 30.23

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 5.00 4.9 4.4 4.9 3.7
Inflation Rate MoM (%) 0.70 0.7 0.3 0.4 0.2
Consumer Price Index CPI (points) 107.50 108 108 110 111
Core Inflation Rate (%) 4.10 3.9 3.7 4.1 3.8
Core Consumer Prices (points) 106.40 107 107 109 110
Producer Prices (points) 110.30 110 110 109 113
Producer Prices Change (%) 7.50 6.5 5.9 4 2.5
Food Inflation (%) 1.60 3.2 3.6 4.8 4.8
Producer Price Inflation MoM (%) -0.10 0.5 0.4 0.7 0.3
Core Inflation Rate MoM (%) 0.60 0.4 0.2 0.3 0.2
CPI Housing Utilities (points) 106.80 109 110 111 111
CPI Transportation (points) 112.70 113 114 114 115

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 7.00 7.25 7.5 7.5 6.75
Interbank Rate (%) 6.85 7.1 7.35 7.35 6.6
Money Supply M2 (ZAR Million) 4889290.00 4890000 4910000 4930000 4950000
Money Supply M3 (ZAR Million) 6109974.00 6150000 6190000 6230000 6250000
Foreign Exchange Reserves (USD Million) 73450.00 70000 73000 75000 73500
Loans to Private Sector (ZAR Million) 5367759.00 5148212 5305179 5374522 5437540
Deposit Interest Rate (%) 6.82 7.07 7.32 7.32 6.57
Lending Rate (%) 10.50 10.75 11 11 10.25

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (ZAR Million) 17750.00 20000 27000 33000 32500
Current Account (ZAR Million) 190700.00 -65000 -160000 150000 -78000
Exports (ZAR Million) 193575.22 185000 177000 183000 191000
Imports (ZAR Million) 175823.71 165000 150000 150000 158500
Tourist Arrivals 1085557.00 1050000 1370000 1250000 1100000
Current Account to GDP (% of GDP) -0.50 -1.1

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Business Confidence (points) 39.00 34 32 36 38
Manufacturing PMI (points) 46.80 48.8 51 52 51.9
Industrial Production Mom (%) 1.10 0.5 -1.2 1 0.7
Industrial Production (%) -4.30 -1.2 1 0.5 1.9
Bankruptcies (Companies) 245.00 117 140 230 250
Car Registrations (Units) 40912.00 40000 37100 42300 43000
Total Vehicle Sales (Units) 57708.00 55000 49000 54000 56000
Leading Economic Index (%) -0.30 1.2 1.4 -0.5 1.6
Coincident Index (points) 124.10 122 120 121 123
Electricity Production (Gigawatt-hour) 18904.00 18600 17300 18500 20400
Composite PMI (points) 50.30 49.8 50 50.7 51
Gold Production (%) -4.30 -2.5 -3 -13 1.8
Mining Production (%) -5.40 2.1 1.6 1.3 1

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Retail Sales MoM (%) 0.10 1.4 -0.5 0.3 0.7
Consumer Confidence (points) -19.00 -17 -14 -12 -9
Retail Sales YoY (%) 2.30 1.6 2.3 2.6 1.8
Consumer Spending (ZAR Million) 3280358.00 3279245 3323536 3332844 3323003
Disposable Personal Income (ZAR Million) 5145095.00 5086922 5166400 5227417 5211981
Private Sector Credit (%) 7.80 7 8.5 7.8 8.3
Bank Lending Rate (%) 10.50 10.75 11 11 10.25
Gasoline Prices (USD/Liter) 1.56 1.51 1.26 1.26 1.26

Housing Actual Q3/26 Q4/26 Q1/27 Q2/27
Building Permits (ZAR Thousand) 8021924.00 9650000 7100000 8650000 7450000
Housing Index (points) 125.20 133 136 140 144

Government Actual Q3/26 Q4/26 Q1/27 Q2/27
Government Debt to GDP (% of GDP) 78.90 80.6
Government Budget (% of GDP) -4.50 -4

Taxes Actual Q3/26 Q4/26 Q1/27 Q2/27
Sales Tax Rate (%) 15.00 15