Saturday, December 6, 2025
HomeBusinessSouth African Government Welcomes 0.8% GDP Growth in Quarter 2

South African Government Welcomes 0.8% GDP Growth in Quarter 2

Date:

Related stories

Coca-Cola Invests $1.65 Million in Kenya’s Water Security

Watersheds critical to water security in Nairobi and surrounding...

Nigerian Stock Market Loses $53.84 Million

The equities market reversed its bullish run on Friday,...

Nigeria: Governor Soludo to Build Second Airport, Industrial Park in Anambra

The Anambra government says it will construct another airport...

AfDB Reveals Africa’s Transition States Need $210 Billion for Transformation

The African Development Bank says Africa’s transition states will...
- Advertisment -spot_imgspot_img

The Cyril Ramaphosa government has welcomed the latest economic figures released by Statistics South Africa, which indicate that the country’s gross domestic product grew by 0.8% in the second quarter of 2025 (April–June), following a modest increase of 0.1% in the first quarter.

This growth reflects a broad-based recovery across key sectors of the economy.

The manufacturing industry expanded by 1.8%, contributing 0.2 percentage points to overall GDP growth.

Seven of the ten manufacturing divisions reported positive growth, with the largest contributions coming from petroleum, chemical products, and rubber and plastic products. The motor vehicles, parts and accessories, and other transport equipment divisions also supported growth.

The trade, catering, and accommodation sector showed a strong performance, increasing by 1.7% and contributing 0.2 percentage points to GDP growth.

This was driven by increased activity in retail trade, motor trade, accommodation, and food and beverages.

Amid challenging global economic conditions, these figures demonstrate the resilience of South Africa’s economy.

The South African government said it viewed this as a positive sign of the impact of ongoing initiatives to stimulate growth, support local industries, and create jobs.

“Government remains committed to policies that foster inclusive and sustainable economic development for all South Africans,” said a statement by the government.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

- Advertisment -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here