South Africa records its sixth consecutive quarterly growth in Q1-2026

SOUTH AFRICA - Report 09 Jun 2026 by Iraj Abedian

Real quarterly GDP increased by 0.5% q/q in the first quarter of 2026, following an expansion of 0.4% q/q during the fourth quarter of 2025. This, meanwhile, represents the sixth consecutive positive quarterly growth rate. The latest GDP print indicates that the South African economy maintained its growth momentum into the start of 2026, extending the recovery that began in 2025. Despite a more challenging global environment characterized by heightened geopolitical tensions, elevated uncertainty and emerging inflationary pressures, the country's improving macroeconomic fundamentals continued to provide support to economic activity. Lower inflation earlier in the year, resilient household consumption, improved electricity supply, gradually improving logistics performance, and stronger confidence in domestic financial markets all contributed to sustaining growth. South Africa’s real GDP registered R1 193 billion during the first quarter of 2026.

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