Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 118205.04 112677 109097 105753 102502
Currency 16.37 16.83 16.66 16.5 16.34
Government Bond 10Y (%) 8.54 8.91 8.81 8.71 8.61

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.40 0.7 1.5 0.8 0.8
GDP Annual Growth Rate (%) 0.80 1 1.2 1.4 1.6
Unemployment Rate (%) 31.40 32.6 31.5 32.5 32.5
Inflation Rate (%) 3.00 4.3 3.7 3.7 4
Inflation Rate MoM (%) 0.40 1.7 1.3 0.2 0.4
Interest Rate (%) 6.75 6.75 6.75 6.5 6.5
Balance of Trade (ZAR Million) 36920.00 22500 20000 29000 29000
Current Account (ZAR Million) 50169.00 -85000 -65000 -160000 -160000
Business Confidence (points) 47.00 38 34 32 36
Manufacturing PMI (points) 49.00 50.3 48.8 51 51
Retail Sales MoM (%) 0.90 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 77.3
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 0.8
GDP Annual Growth Rate (%) 0.80 1 1.2 1.4 1.6
GDP Constant Prices (ZAR Million) 4746211.00 4761643 4785340 4812658 4822150
Gross National Product (ZAR Million) 4876132.00 4788230 4835074 4944398 4954150
Gross Fixed Capital Formation (ZAR Million) 654649.00 644110 654285 663814 665123
GDP from Public Administration (ZAR Million) 376312.00 376547 379369 381580 382333
GDP from Transport (ZAR Million) 381949.00 384858 387512 387296 388060
GDP from Mining (ZAR Million) 208475.00 206973 212353 211394 211811
GDP from Agriculture (ZAR Million) 136524.08 135438 137645 138435 138708
GDP from Services (ZAR Million) 1172082.00 1168370 1170272 1188491 1190835
GDP from Manufacturing (ZAR Million) 516565.00 524102 526022 523797 524830
GDP from Utilities (ZAR Million) 92954.00 98574 96170 94255 94441
GDP from Construction (ZAR Million) 97984.00 100188 100451 99356 99552
GDP (USD Billion) 400.26 406
GDP per Capita (USD) 5708.96 5789
GDP per Capita PPP (USD) 13598.79 13789
Full Year GDP Growth (%) 1.10 1.4

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 31.40 32.6 31.5 32.5 32.5
Employed Persons 17099.00 16920 16950 17400 17400
Unemployed Persons (Thousand ) 7836.00 8350 8050 7885 7885
Youth Unemployment Rate (%) 57.00 62.5 60 58 58
Population (Million) 63.10 64.2
Minimum Wages (ZAR/Hour) 28.79 30.23

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 3.00 4.3 3.7 3.7 4
Inflation Rate MoM (%) 0.40 1.7 1.3 0.2 0.4
Consumer Price Index CPI (points) 104.20 107 107 107 108
Core Inflation Rate (%) 3.00 3.2 3.3 3.3 3.5
Core Consumer Prices (points) 104.30 105 106 107 108
Producer Prices (points) 103.40 105 105 106 105
Producer Prices Change (%) 1.80 2.2 1.3 2 2
Export Prices (points) 195.90 182 179 180 180
Import Prices (points) 167.10 170 165 170 170
Food Inflation (%) 3.70 2.9 3.1 3.6 4.1
Core Inflation Rate MoM (%) 0.70 1 0.5 0.2 0.2
Producer Price Inflation MoM (%) 0.00 0.2 1.2 1.7 1.7
CPI Housing Utilities (points) 104.90 106 108 109 109
CPI Transportation (points) 99.10 101 102 102 103

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 6.75 6.75 6.75 6.5 6.5
Interbank Rate (%) 6.60 6.6 6.6 6.35 6.35
Money Supply M2 (ZAR Million) 4769463.00 4550000 4400000 4900000 4900000
Money Supply M3 (ZAR Million) 5912705.00 5885000 5950000 60500000 60500000
Foreign Exchange Reserves (USD Million) 77760.00 76000 82000 74000 74000
Loans to Private Sector (ZAR Million) 5306112.00 5021705 5148212 5309456 5391010
Deposit Interest Rate (%) 6.81 6.81 6.81 6.56 6.56
Lending Rate (%) 10.25 10.25 10.25 10 10

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (ZAR Million) 36920.00 22500 20000 29000 29000
Current Account (ZAR Million) 50169.00 -85000 -65000 -160000 -160000
Imports (ZAR Million) 131165.82 149500 160000 161000 161000
Exports (ZAR Million) 168086.00 172000 180000 190000 190000
Tourist Arrivals 1024787.00 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) 47.00 38 34 32 36
Manufacturing PMI (points) 49.00 50.3 48.8 51 51
Industrial Production (%) -2.80 2.1 -1.2 1.3 1.3
Industrial Production Mom (%) -2.20 -0.2 0.5 -1.5 -1.5
Bankruptcies (Companies) 135.00 150 119 127 127
Total Vehicle Sales (Units) 58060.00 47100 45500 43500 43500
Car Registrations (Units) 37576.00 31900 33000 35000 35000
Leading Economic Index (%) 0.40 1 1 1.4 1.4
Coincident Index (points) 131.40 110 110 115 115
Electricity Production (Gigawatt-hour) 18029.00 19500 21000 22500 22500
Composite PMI (points) 50.80 49.3 49.8 51 51
Mining Production (%) 4.60 2 4 -1.3 -1.3
Gold Production (%) 0.70 2.4 -2.5 -1.8 -1.8

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Retail Sales MoM (%) 0.90 1 1.8 2.1 2.1
Consumer Confidence (points) -7.00 -16 -17 -14 -12
Retail Sales YoY (%) 4.20 3 1.6 2.3 2.3
Consumer Spending (ZAR Million) 3277648.94 3244433 3279245 3323536 3330091
Disposable Personal Income (ZAR Million) 5095069.00 4971052 5086922 5166400 5176590
Private Sector Credit (%) 10.50 8.7 7.8 6.5 4.8
Bank Lending Rate (%) 10.25 10.25 10.25 10 10
Gasoline Prices (USD/Liter) 1.20 1.76 1.51 1.26 1.26

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Building Permits (ZAR Thousand) 6275341.00 7600000 8100000 8300000 8300000
Housing Index (points) 123.10 135 140 150 150

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Debt to GDP (% of GDP) 78.90 77.3
Government Budget (% of GDP) -4.50 -4

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