Government has welcomed the latest Gross Domestic Product (GDP) figures released by Statistics South Africa, confirming that the economy grew by 0.5% in the third quarter of 2025.
This is the third consecutive quarter of expansion, following the 0.9% growth recorded in the previous quarter.
The steady improvement highlights the resilience of the economy and the positive impact of ongoing structural reforms aimed at boosting inclusive and sustainable growth.
Several sectors contributed to the uptick. Trade, catering and accommodation grew by 1.0% on the back of stronger retail, wholesale, tourism and food services activity. Mining expanded by 2.3%, driven by platinum group metals, manganese ore and coal.
Finance, real estate and business services grew by 0.3%, general government services by 0.7%, and manufacturing by 0.3%. Agriculture, forestry and fishing also improved by 1.1%, supported by better output in crops, horticulture and animal products.
Government says that although challenges persist, the latest data shows the economy is gradually recovering.
Efforts to support growth, investment and job creation will continue.
This is the third consecutive quarter of expansion, following the 0.9% growth recorded in the previous quarter.
The steady improvement highlights the resilience of the economy and the positive impact of ongoing structural reforms aimed at boosting inclusive and sustainable growth.
Several sectors contributed to the uptick. Trade, catering and accommodation grew by 1.0% on the back of stronger retail, wholesale, tourism and food services activity. Mining expanded by 2.3%, driven by platinum group metals, manganese ore and coal.
Finance, real estate and business services grew by 0.3%, general government services by 0.7%, and manufacturing by 0.3%. Agriculture, forestry and fishing also improved by 1.1%, supported by better output in crops, horticulture and animal products.
Government says that although challenges persist, the latest data shows the economy is gradually recovering.
Efforts to support growth, investment and job creation will continue.