Heightened uncertainty underscores the need for accelerated structural reforms
The good news is that, compared with gross domestic product (GDP) growth rates of 0,8% and 0,5% in 2023 and 2024, respectively, growth improved to 1,1% in 2025.
Prof. Raymond Parsons, economist from the North-West University (NWU) Business School, says the latest figures for 2025 that were released by StatsSA confirm that South Africa has been experiencing a slow and uneven economic recovery over the past year.
He says household spending continues to do much of the heavy lifting in sustaining economic activity.
