Africa ETP News
you are currently viewing::Africa: Government Welcomes Continued Growth in South Africa's EconomyMarch 10, 2026-Government has welcomed the latest data released by Statistics South Africa showing that South Africa's economy grew by 1.1% in 2025, with Gross Domestic Product (GDP) expanding by 0.4% in the fourth quarter. Fourth quarter performance, covering the period from October to December, marks the fifth consecutive quarter of economic growth, signalling continued resilience in the economy, despite a challenging global environment. On the production side, growth was largely driven by key service-related sectors, including finance, real estate and business services, as well as trade, catering and accommodation and personal services. Source: allafrica.com |
South African rand strengthens after surprise GDP growth data
June 9, 2026- The rand strengthened on Tuesday after South Africa's economy expanded more than expected in the first quarter of 2026, though the impact of the Iran war was likely to be reflected in the next release.
At 1415 GMT, the rand traded at 16.4325 against the U.S. dollar, up about 0.6%.
