The South African economy expanded at an accelerated pace in the second quarter, data from Statistics South Africa showed on Tuesday.
In real terms, gross domestic product rose 0.8 percent sequentially after a 0.1 percent increase in the March quarter. The expected expansion was 0.5 percent.
Further, a similar rate of growth was last seen in the second quarter of 2023.
Eight industries recorded positive growth compared to the previous quarter. The manufacturing industry increased the most, by 1.8 percent, closely followed by the trade industry with 1.7 percent growth.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.