The South African economy barely managed to keep its head above water in the first quarter of 2025 (January–March), expanding by a marginal 0,1% compared with the fourth quarter of 2024.
Statistics South Africa announced the latest GDP figures on Tuesday.
If not for agriculture, economic figures would have been in negative territory.
Agriculture production increased by 15,8%, adding 0,4 of a percentage point to GDP growth. Good rains contributed to the industry’s fortunes, with horticulture benefitting the most. Animal products also fared well.
Stats SA says without the boost from agriculture, GDP would have contracted by 0,3%.
Transport, storage & communication was the second-largest positive contributor, with gains recorded in land transport, air transport and transport support services.
Consumer activity was stronger, with trade, catering & accommodation expanding by 0,5%. Retail trade, motor trade, accommodation and food & beverages contributed positively.
However, mining and manufacturing were the biggest drags in the first quarter. Together, both industries shaved 0,4 of a percentage point off GDP growth.
