Physical address
4 Merchant Place Corner Fredman Drive and Rivonia Road Sandton 2196
Postal address
PO Box 650149 Benmore 2010
The FNB House Price Index growth averaged 0.8% y/y in December, marginally higher than the 0.7% in November (revised from 0.5%), and a low of 0.5% in October.
South Africa's economic growth in 2025 is estimated to have been at around 1.3%, roughly double the pace recorded in 2024. This outcome was largely underpinned by robust consumer spending, reflecting tailwinds from lower inflation, interest-rate cuts, withdrawals under the two-pot retirement system, and stable income growth. Agricultural activity also strengthened, supported by a record bumper harvest. By contrast, private-sector fixed investment remained subdued, constraining overall GDP growth. The continued easing of structural constraints, particularly improvements in electricity supply and efforts to enhance capacity and operational efficiency in rail and ports, will remain critical to sustaining economic growth over the near-to-medium-term.
After troughing at 2.1% y/y in May 2020, due to a lockdown-driven fall in demand and statistical imputations, headline inflation accelerated to 5.2% y/y in May of 2021. CPI weights are typically updated at least every five years, in line with international standards. New weights will be introduced with the January 2022 data and the base year will change to December 2020.
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Physical address
4 Merchant Place Corner Fredman Drive and Rivonia Road Sandton 2196
Postal address
PO Box 650149 Benmore 2010