SA Economy Stagnates in First Quarter

SA economy stagnates in first quarter

Growth slows to 0.1% as manufacturing and mining weigh, despite strong agricultural rebound

SA economy grows marginally by 0.1% in the first quarter of 2025 – The Mail & Guardian

South Africa’s economy expanded by a marginal 0.1% in the first quarter of 2025, largely driven by the agriculture sector, following downwardly revised growth of 0.4% in the last quarter of 2024, Statistics South Africa said on Tuesday. Agriculture increased by 15.8% — contributing 0.4 percentage points to overall economic growth, as activity in horticulture and animal products ticked up.  The transport sector grew by 2.4%, contributing 0.2 poin…

Agriculture GDP outperforms after surging by 15.8% q-q in 1Q2025

South Africa’s GDP remained lethargic with an expansion of 0.1% q/q seasonally adjusted (not annualised) but still mildly above market expectations of a contraction. However, agriculture continues to be on the mend following the drought-induced contraction of 8.7% year-on-year (y/y) in 2024. Agriculture GDP outperformed other sectors after surging by 15.8% q/q (sa) in Q1 […] The post Agriculture GDP outperforms after surging by 15.8% q-q in 1Q20…

South Africa's GDP growth slows to 0. 1% in Q1 2025

South Africa's Growth Beats Expectations but Challenges Remain - InsideBusiness - Business News in Nigeria

South Africa’s economic growth beats expectations, narrowly escaping a contraction in the first three months of the year as farming, transport, and finance sectors surged. However, the outlook remains challenging amid weak investment. Gross domestic product rose 0.1 per cent in the first quarter, compared with revised growth of 0.4 per cent in the previous three-month period, Statistics South Africa said in a report released on Tuesday. The medi…