-
Hourglass and South African money, coins.
Data released by Statistics SA (Stats SA) shows that investment in the country remains depressed while negatively affecting economic growth.
The latest gross domestic product (GDP) number indicates that the country’s economy grew by 0.8 percent in the second quarter following an increase of 0.1 percent in the first quarter of the year.
Although government consumption spending contributed positively, investment remains a drag on growth with gross fixed capital formation contributing negatively to growth in the second quarter.
🧵#SAeconomy || South Africa’s economy grew by 0,8% in Q2:2025.
Read more here: https://t.co/8D6NYJnf6J#StatsSA #KnowYourStatsZA #GovZAUpdates @GovernmentZA pic.twitter.com/yfqYvbliVv
— Statistics South Africa (Stats SA) (@StatsSA) September 9, 2025
Statistician General Risenga Maluleke explains that investments have been depressed for quite a while.
“If you look right from the third quarter of 2023, they’ve been growing in the negative, the only time they went in the positive was at 0,2 percent in the third quarter of 2024. But otherwise they’ve continue growing in the negative and indeed one of the things you can readily see if you move around in the country whether you’re driving between Pretoria, Joburg, and go through to Cape Town or in the entire eThekwini Municipality, you don’t see as much cranes in the construction as you would see in other countries like, Ethiopia, Addis Ababa or in Beijing,” says Maluleke.
Video | Stats SA releases second quarter GDP numbers:
