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Person holding South African money.
Standard Bank economist Dr Elna Moolman expects the economy not to have grown in the first quarter of this year.
This comes after South Africa’s economy grew by 0.6% in the final quarter of last year, helping to avoid a recession.
Statistics South Africa will today release the figures for the 2025 first quarter.
Recent data from key sectors like mining, manufacturing and electricity production has shown signs of a struggle, with agriculture tipped to be the star performer.
Moolman says the poor performance can be attributed to uncertainty during the period under review.
“This uncertainty is, of course, two-fold. On the one hand, ongoing uncertainty around the US trade policy and tariff changes that could have a material impact on global growth. And then at the same time, significant uncertainty around South Africa’s budget. In February and March this year, that threatened to derail the Government of National Unity,” adds Dr Moolman.
VIDEO | Economists expect weak GDP data:
