Markets Actual Q4/26 Q1/27 Q2/27 Q3/27
Stock Market (points) 108524.77 105291 101547 98226 95013
Currency 16.50 16.36 16.18 16.03 15.87
Government Bond 10Y (%) 8.96 8.83 8.69 8.56 8.43

Overview Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) -0.20 0.8 1.2 0.6 0.6
GDP Annual Growth Rate (%) 0.90 1.2 1.6 1.3 1.8
Unemployment Rate (%) 33.60 31.7 32.8 33.5 31.9
Inflation Rate (%) 4.40 5.4 5.3 3.9 3.9
Inflation Rate MoM (%) 0.00 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) 20470.00 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 (%) 2.50 -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 80.6
Government Budget (% of GDP) -4.50 -4

GDP Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) -0.20 0.8 1.2 0.6 0.6
GDP Annual Growth Rate (%) 0.90 1.2 1.6 1.3 1.8
GDP Constant Prices (ZAR Million) 4754800.00 4803166 4842498 4816612 4840386
Gross National Product (ZAR Million) 4775131.00 4934646 5011819 4837208 4861083
Gross Fixed Capital Formation (ZAR Million) 646686.00 662505 658464 655093 658326
GDP from Manufacturing (ZAR Million) 502873.00 522764 520510 509410 511925
GDP from Agriculture (ZAR Million) 138662.00 138162 140436 140465 141158
GDP from Services (ZAR Million) 1183807.00 1186147 1201975 1199196 1205116
GDP from Public Administration (ZAR Million) 381336.00 380828 383744 386293 388200
GDP from Transport (ZAR Million) 388078.00 386532 390643 393123 395063
GDP from Mining (ZAR Million) 203478.00 210977 213224 206123 207141
GDP from Construction (ZAR Million) 98628.00 99160 99795 99910 100403
GDP from Utilities (ZAR Million) 94586.00 94069 95161 95816 96289
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 (%) 1.10 1.2

Labour Actual Q4/26 Q1/27 Q2/27 Q3/27
Unemployment Rate (%) 33.60 31.7 32.8 33.5 31.9
Employed Persons (Thousand) 16739.00 17400 16800 16900 17200
Unemployed Persons (Thousand ) 8481.00 7840 8200 8350 8020
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 (%) 4.40 5.4 5.3 3.9 3.9
Inflation Rate MoM (%) 0.00 0.3 0.4 0.2 0.6
Consumer Price Index CPI (points) 107.70 109 110 112 112
Core Inflation Rate (%) 4.10 4.1 4.2 4.1 4
Core Consumer Prices (points) 106.90 108 110 111 111
Producer Prices (points) 108.80 111 110 115 113
Producer Prices Change (%) 5.00 7.6 5.5 4 3.5
Food Inflation (%) 1.10 3.2 4.1 4.8 5.6
Producer Price Inflation MoM (%) -0.40 0.7 0.5 0.3 0.9
Core Inflation Rate MoM (%) 0.00 0.2 0.3 0.2 0.2
CPI Housing Utilities (points) 109.10 111 111 111 113
CPI Transportation (points) 109.30 110 110 110 111

Money Actual Q4/26 Q1/27 Q2/27 Q3/27
Interest Rate (%) 7.25 7.5 7.75 7.75 7.75
Interbank Rate (%) 7.10 7.35 7.6 7.6 7.6
Money Supply M2 (ZAR Million) 5018479.00 4910000 4930000 4950000 4970000
Money Supply M3 (ZAR Million) 6142378.00 6190000 6230000 6250000 6270000
Foreign Exchange Reserves (USD Million) 75429.00 80000 77000 74800 74500
Loans to Private Sector (ZAR Million) 5414262.00 5294715 5374522 5435971 5511719
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) 20470.00 27000 20000 21000 19300
Current Account (ZAR Million) -205467.00 -160000 150000 -78000 -61000
Imports (ZAR Million) 161323.14 150000 163000 170000 168700
Exports (ZAR Million) 181796.18 177000 183000 191000 188000
Tourist Arrivals 1304763.00 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) 227.00 140 230 250 250
Total Vehicle Sales (Units) 61650.00 49000 54000 56000 57000
Car Registrations (Units) 44291.00 37100 42300 43000 44500
Leading Economic Index (%) -0.90 1.2 1.5 -0.8 0.6
Mining Production MoM (%) -1.90 1.8 -3 2.6 -1.3
Coincident Index (points) 125.40 120 121 123 124
Electricity Production (Gigawatt-hour) 18816.00 17300 18500 20400 19800
Composite PMI (points) 49.00 50 50.7 51 51.1
Mining Production (%) -7.50 2.4 1.7 2.6 -1.8
Gold Production (%) -7.40 2.5 -10 4 -0.6

Consumer Actual Q4/26 Q1/27 Q2/27 Q3/27
Retail Sales MoM (%) 2.50 -0.5 0.3 0.7 1
Consumer Confidence (points) -13.00 -15 -17 -13 -7
Retail Sales YoY (%) 3.40 2.3 2.6 1.8 2.6
Consumer Spending (ZAR Million) 3293073.00 3316981 3331437 3335883 3352348
Disposable Personal Income (ZAR Million) 5261121.00 5156210 5228671 5329516 5355821
Private Sector Credit (%) 7.47 8.1 7.8 8.3 7.6
Bank Lending Rate (%) 10.75 11 11.25 11.25 11.25
Gasoline Prices (USD/Liter) 1.64 1.71 1.79 1.87 1.95

Housing Actual Q4/26 Q1/27 Q2/27 Q3/27
Building Permits (ZAR Thousand) 9335088.00 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 80.6
Government Budget (% of GDP) -4.50 -4

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