GDP grows for four consecutive quarters

SOUTH AFRICA - Report 02 Dec 2025 by Iraj Abedian

The South African economy registered its fourth consecutive quarterly expansion during the third quarter of 2025, as real GDP increased by 0.5% q/q following another rise of 0.9% q/q in the second quarter. The recent growth momentum has been supported by a more stable electricity supply and improving logistics performance, while household demand has strengthened notably in response to lower inflation and interest rates. Additionally, household wealth has benefited markedly from robust asset price performance as reflected in the JSE All-Share index.

Therefore, against the backdrop of improving economic activity in 2025, including the GDP growth in Q3 2025, the overall (unadjusted) GDP growth for the first three quarters of the current year came in at 1.2% higher than the corresponding period in 2024. At the same time, real GDP amounted to R1,187 billion in Q3 2025.

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