Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 111275.44 110385 104699 101561 98512
Currency 16.55 16.51 16.25 16.1 15.95
Government Bond 10Y (%) 8.72 8.69 8.48 8.36 8.24

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.40 0.7 1.5 0.8 1.2
GDP Annual Growth Rate (%) 0.80 1.4 1.2 1.2 1.6
Unemployment Rate (%) 32.70 33.1 32 31.7 32.8
Inflation Rate (%) 4.00 4.6 4.9 4.4 4.9
Inflation Rate MoM (%) 1.10 1.5 1.3 0.2 0.4
Interest Rate (%) 7.00 7 7.25 7.5 7.5
Balance of Trade (ZAR Million) 15160.00 44300 19000 32000 22000
Current Account (ZAR Million) 50169.00 -85000 -65000 -160000 -160000
Business Confidence (points) 39.00 39 34 32 36
Manufacturing PMI (points) 50.80 50.3 48.8 51 51
Retail Sales MoM (%) 0.10 1 1.8 2.1 2.1
Consumer Confidence (points) -7.00 -16 -17 -14 -12
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 Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.40 0.7 1.5 0.8 1.2
GDP Annual Growth Rate (%) 0.80 1.4 1.2 1.2 1.6
GDP Constant Prices (ZAR Million) 4746211.00 4780501 4785340 4803166 4822150
Gross National Product (ZAR Million) 4876132.00 4807194 4835074 4934646 4954150
Gross Fixed Capital Formation (ZAR Million) 654649.00 646661 654285 662505 665123
GDP from Manufacturing (ZAR Million) 516565.00 526178 526022 522764 524830
GDP from Services (ZAR Million) 1172082.00 1172997 1170272 1186147 1190835
GDP from Public Administration (ZAR Million) 376312.00 378038 379369 380828 382333
GDP from Transport (ZAR Million) 381949.00 386383 387512 386532 388060
GDP from Agriculture (ZAR Million) 136524.08 135974 137645 138162 138708
GDP from Mining (ZAR Million) 208475.00 207793 212353 210977 211811
GDP from Utilities (ZAR Million) 92954.00 98964 96170 94069 94441
GDP from Construction (ZAR Million) 97984.00 100585 100451 99160 99552
GDP (USD Billion) 400.26 405
GDP per Capita (USD) 5708.96 5777
GDP per Capita PPP (USD) 13598.79 13762
Full Year GDP Growth (%) 1.10 1.2

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 32.70 33.1 32 31.7 32.8
Employed Persons (Thousand) 16754.00 16920 16950 17400 17400
Unemployed Persons (Thousand ) 8137.00 8350 8050 7885 7885
Youth Unemployment Rate (%) 60.90 62.5 60 58 58
Population (Million) 63.10 63.3
Minimum Wages (ZAR/Hour) 28.79 30.23

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 4.00 4.6 4.9 4.4 4.9
Inflation Rate MoM (%) 1.10 1.5 1.3 0.2 0.4
Consumer Price Index CPI (points) 106.00 107 108 108 110
Core Inflation Rate (%) 3.60 3.7 3.9 3.7 4.1
Core Consumer Prices (points) 105.60 106 107 107 109
Producer Prices (points) 107.60 106 107 106 107
Producer Prices Change (%) 4.80 3.5 3 2.8 2.5
Export Prices (points) 195.90 182 179 180 180
Import Prices (points) 167.10 170 165 170 170
Food Inflation (%) 2.90 2.9 3.2 3.6 4.8
Producer Price Inflation MoM (%) 3.00 2.2 1.7 1.5 0.9
Core Inflation Rate MoM (%) 0.50 1 0.5 0.2 0.2
CPI Transportation (points) 105.20 107 108 108 109
CPI Housing Utilities (points) 105.80 106 109 110 111

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 7.00 7 7.25 7.5 7.5
Interbank Rate (%) 6.85 6.85 7.1 7.35 7.35
Money Supply M2 (ZAR Million) 4910387.00 4550000 4400000 4900000 4900000
Money Supply M3 (ZAR Million) 6046877.00 5885000 5950000 60500000 60500000
Foreign Exchange Reserves (USD Million) 76583.00 76400 75000 74000 76000
Loans to Private Sector (ZAR Million) 5333966.00 5041593 5148212 5294715 5374522
Deposit Interest Rate (%) 6.83 6.83 7.08 7.33 7.33
Lending Rate (%) 10.25 10.25 10.5 10.75 10.75

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (ZAR Million) 15160.00 44300 19000 32000 22000
Current Account (ZAR Million) 50169.00 -85000 -65000 -160000 -160000
Imports (ZAR Million) 175388.47 149700 166000 145000 161000
Exports (ZAR Million) 190550.00 194000 185000 177000 183000
Tourist Arrivals 1284245.00 1150000 985000 1300000 1300000
Terms of Trade (points) 117.20 107 108 106 106
Current Account to GDP (% of GDP) -0.50 -1.1

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Business Confidence (points) 39.00 39 34 32 36
Manufacturing PMI (points) 50.80 50.3 48.8 51 51
Industrial Production Mom (%) 0.80 -0.2 0.5 -1.5 -1.5
Industrial Production (%) 0.90 2.1 -1.2 1.3 1.3
Bankruptcies (Companies) 233.00 150 119 127 127
Car Registrations (Units) 36871.00 31900 33000 35000 35000
Total Vehicle Sales (Units) 51070.00 51000 45500 43500 43500
Leading Economic Index (%) 2.40 1 1 1.4 1.4
Coincident Index (points) 131.30 110 110 115 115
Electricity Production (Gigawatt-hour) 17106.00 19500 21000 22500 22500
Gold Production (%) 17.10 2.4 -2.5 -1.8 -1.8
Composite PMI (points) 49.60 49.3 49.8 51 51
Mining Production (%) 2.50 2 4 -1.3 -1.3

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Retail Sales MoM (%) 0.10 1 1.8 2.1 2.1
Consumer Confidence (points) -7.00 -16 -17 -14 -12
Retail Sales YoY (%) 2.60 3 1.6 2.3 2.3
Consumer Spending (ZAR Million) 3277648.94 3257282 3279245 3316981 3330091
Disposable Personal Income (ZAR Million) 5095069.00 4990740 5086922 5156210 5176590
Private Sector Credit (%) 9.20 7 5.8 6.5 4.8
Bank Lending Rate (%) 10.50 10.5 10.75 11 11
Gasoline Prices (USD/Liter) 1.42 1.76 1.51 1.26 1.26

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Building Permits (ZAR Thousand) 8708302.00 7600000 8100000 8300000 8300000
Housing Index (points) 124.70 135 140 150 150

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

Taxes Actual Q2/26 Q3/26 Q4/26 Q1/27
Sales Tax Rate (%) 15.00 16