Markets Actual Q4/26 Q1/27 Q2/27 Q3/27
Stock Market (points) 107621.67 105251 100745 97462 94298
Currency 16.69 16.6 16.39 16.23 16.07
Government Bond 10Y (%) 8.72 8.64 8.47 8.35 8.22

Overview Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) -0.30 0.8 1.2 0.6 0.6
GDP Annual Growth Rate (%) 1.00 1.2 1.6 1.3 1.8
Unemployment Rate (%) 33.60 31.7 32.8 33.5 31.9
Inflation Rate (%) 4.50 5.2 5.3 3.9 3.9
Inflation Rate MoM (%) 0.40 0.3 0.4 0.2 0.6
Interest Rate (%) 7.25 7.5 7.75 7.75 7.75
Balance of Trade (ZAR Million) 19800.00 27000 20000 21000 19300
Current Account (ZAR Million) -205467.00 -160000 150000 -78000 -61000
Manufacturing PMI (points) 50.70 50.3 52 51.9 52.3
Business Confidence (points) 38.00 42 44 38 40
Retail Sales MoM (%) -0.30 -0.5 0.3 0.7 1
Consumer Confidence (points) -13.00 -15 -17 -13 -7
Current Account to GDP (% of GDP) -0.50 -1.1
Government Debt to GDP (% of GDP) 78.90 78.4
Government Budget (% of GDP) -4.50 -3.9

GDP Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) -0.30 0.8 1.2 0.6 0.6
GDP Annual Growth Rate (%) 1.00 1.2 1.6 1.3 1.8
GDP Constant Prices (ZAR Million) 7193688.36 7261398 7328603 7287206 7323175
Gross National Product (ZAR Million) 4775131.00 4934646 5011819 4837208 4861083
Gross Fixed Capital Formation (ZAR Million) 971633.84 991769 988143 984265 989123
GDP from Public Administration (ZAR Million) 513774.00 512516 516561 520453 523022
GDP from Transport (ZAR Million) 521681.00 518381 524228 528463 531071
GDP from Agriculture (ZAR Million) 188996.00 188241 190809 191453 192398
GDP from Utilities (ZAR Million) 189981.00 188811 191280 192451 193401
GDP from Mining (ZAR Million) 551712.00 570939 578007 558884 561643
GDP from Manufacturing (ZAR Million) 797133.32 825779 825091 807496 811482
GDP from Services (ZAR Million) 1677424.71 1670993 1694286 1699231 1707618
GDP from Construction (ZAR Million) 140581.00 141337 142243 142409 143111
GDP (USD Billion) 427.18 432
GDP per Capita (USD) 5713.12 5782
GDP per Capita PPP (USD) 13592.05 13755
Full Year GDP Growth (%) 0.90 1.2

Labour Actual Q4/26 Q1/27 Q2/27 Q3/27
Unemployment Rate (%) 33.60 31.7 32.8 33.5 31.9
Unemployed Persons (Thousand ) 8481.00 7840 8200 8350 8020
Employed Persons (Thousand) 16739.00 17400 16800 16900 17200
Youth Unemployment Rate (%) 62.80 57.5 60 60.4 60.4
Population (Million) 63.10 63.3
Minimum Wages (ZAR/Hour) 30.23 30.23

Prices Actual Q4/26 Q1/27 Q2/27 Q3/27
Inflation Rate (%) 4.50 5.2 5.3 3.9 3.9
Inflation Rate MoM (%) 0.40 0.3 0.4 0.2 0.6
Consumer Price Index CPI (points) 108.10 109 110 112 112
Core Inflation Rate (%) 4.00 4.1 4.2 4.1 4
Core Consumer Prices (points) 107.10 108 110 111 111
Producer Prices (points) 109.90 111 110 115 114
Producer Prices Change (%) 6.20 7.6 5.5 4 3.5
Food Inflation (%) 1.20 3.2 4.1 4.8 5.6
Producer Price Inflation MoM (%) 1.00 0.7 0.5 0.3 0.9
Core Inflation Rate MoM (%) 0.20 0.2 0.3 0.2 0.2
CPI Transportation (points) 111.50 112 112 113 113
CPI Housing Utilities (points) 109.70 110 111 111 114

Money Actual Q4/26 Q1/27 Q2/27 Q3/27
Interest Rate (%) 7.25 7.5 7.75 7.75 7.75
Interbank Rate (%) 7.11 7.36 7.61 7.61 7.61
Money Supply M2 (ZAR Million) 5023114.00 4910000 4930000 4950000 4970000
Money Supply M3 (ZAR Million) 6138803.00 6190000 6230000 6250000 6270000
Foreign Exchange Reserves (USD Million) 75429.00 80000 77000 74800 74500
Loans to Private Sector (ZAR Million) 5407603.00 5294715 5374522 5435971 5504940
Deposit Interest Rate (%) 6.83 7.08 7.33 7.33 7.33
Lending Rate (%) 10.75 11 11.25 11.25 11.25

Trade Actual Q4/26 Q1/27 Q2/27 Q3/27
Balance of Trade (ZAR Million) 19800.00 27000 20000 21000 19300
Current Account (ZAR Million) -205467.00 -160000 150000 -78000 -61000
Imports (ZAR Million) 170794.52 150000 163000 170000 168700
Exports (ZAR Million) 190591.06 177000 183000 191000 188000
Tourist Arrivals 1091441.00 1370000 1250000 1100000 1150000
Current Account to GDP (% of GDP) -0.50 -1.1

Business Actual Q4/26 Q1/27 Q2/27 Q3/27
Manufacturing PMI (points) 50.70 50.3 52 51.9 52.3
Business Confidence (points) 38.00 42 44 38 40
Industrial Production (%) -4.30 1 0.5 1.9 1.5
Industrial Production Mom (%) -3.10 -1.2 1 0.7 -2
Bankruptcies (Companies) 250.00 140 230 250 250
Total Vehicle Sales (Units) 61650.00 49600 54000 56000 57000
Car Registrations (Units) 44291.00 37100 42300 43000 44500
Leading Economic Index (%) 1.10 1.2 1.5 -0.8 0.6
Mining Production MoM (%) -5.40 1.8 -3 2.6 -1.3
Coincident Index (points) 134.30 120 121 123 124
Electricity Production (Gigawatt-hour) 18816.00 17300 18500 20400 19800
Composite PMI (points) 49.00 50 50.7 51 51.1
Mining Production (%) -12.70 2.4 1.7 2.6 -1.8
Gold Production (%) -5.70 2.5 -10 4 -0.6

Consumer Actual Q4/26 Q1/27 Q2/27 Q3/27
Retail Sales MoM (%) -0.30 -0.5 0.3 0.7 1
Consumer Confidence (points) -13.00 -15 -17 -13 -7
Retail Sales YoY (%) 3.30 2.3 2.6 1.8 2.6
Consumer Spending (ZAR Million) 4887888.63 4888885 4937683 4951431 4975871
Disposable Personal Income (ZAR Million) 5261121.00 5156210 5228671 5329516 5355821
Private Sector Credit (%) 6.23 8.1 7.8 8.3 7.6
Bank Lending Rate (%) 10.75 11 11.25 11.25 11.25
Gasoline Prices (USD/Liter) 1.79 1.85 1.96 2.04 2.13

Housing Actual Q4/26 Q1/27 Q2/27 Q3/27
Building Permits (ZAR Thousand) 8905932.00 5800000 8650000 10100000 985000
Housing Index (points) 128.00 136 140 144 147

Government Actual Q4/26 Q1/27 Q2/27 Q3/27
Government Debt to GDP (% of GDP) 78.90 78.4
Government Budget (% of GDP) -4.50 -3.9

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