Sunday, February 1, 2026
HomeBusinessSouth African Government Welcomes 0.8% GDP Growth in Quarter 2

South African Government Welcomes 0.8% GDP Growth in Quarter 2

Date:

Related stories

PreCEFI, GIABA: Nigeria to Host 2026 RegTech Africa Conference & Expo

Preparations are underway for the 2026 RegTech Africa Conference &...

Nigeria: LIRS Extends Deadline for Filing of Annual Returns to February 7, 2026

The Lagos State Internal Revenue Service (LIRS) has extended...

U.S., Nigeria Boost Trade Ties, Opportunities for Private Sector–Led Growth

U.S. Deputy Assistant Secretary for the U.S. Commercial Service...

ConstructAfrica Appoints Tadiwanashe Taimu to Advisory Board

ConstructAfrica has announced the appointment of Tadiwanashe Taimu to...
- Advertisment -spot_imgspot_img

The Cyril Ramaphosa government has welcomed the latest economic figures released by Statistics South Africa, which indicate that the country’s gross domestic product grew by 0.8% in the second quarter of 2025 (April–June), following a modest increase of 0.1% in the first quarter.

This growth reflects a broad-based recovery across key sectors of the economy.

The manufacturing industry expanded by 1.8%, contributing 0.2 percentage points to overall GDP growth.

Seven of the ten manufacturing divisions reported positive growth, with the largest contributions coming from petroleum, chemical products, and rubber and plastic products. The motor vehicles, parts and accessories, and other transport equipment divisions also supported growth.

The trade, catering, and accommodation sector showed a strong performance, increasing by 1.7% and contributing 0.2 percentage points to GDP growth.

This was driven by increased activity in retail trade, motor trade, accommodation, and food and beverages.

Amid challenging global economic conditions, these figures demonstrate the resilience of South Africa’s economy.

The South African government said it viewed this as a positive sign of the impact of ongoing initiatives to stimulate growth, support local industries, and create jobs.

“Government remains committed to policies that foster inclusive and sustainable economic development for all South Africans,” said a statement by the government.

Shullamite Bello
Shullamite Bello
Shullamite Bello is a journalist, freelancer, and business-oriented expert. In her free time, when not writing, she is reading books or watching business news with a glass of juice and popcorn. She supports anything fashion. She is self-driven, goal-oriented, with a keen interest in media and its dynamics, a passion for learning new things, and a willingness to take on new roles.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

- Advertisment -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!