SA Economy Sees Minimal Growth in Q1 2025, Agriculture Keeps Economy Afloat

Published on


Add Smile FM on Google

 

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%.

 

economy

 

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.

 

 

Liesl Smit
Liesl Smit
Liesl is the Smile 90.4FM News Manager. She has been at Smile since 2016, with nearly 20 years experience in the radio industry, including reading news, field reporting and producing. In 2008 she won the Vodacom Journalist of the Year Award, Western Cape region. liesl@smile904.fm

Latest articles

“Apartheid 2.0” – Lamola slams USA’s race-based Afrikaner resettlement programme, visa restrictions

 The Minister of International Relations, Ronald Lamola, has strongly criticised the current US government's policy that targets Afrikaners for resettlement in America, comparing it...

Motorsport driver dies after incident at Killarney Raceway

 62-year-old motorsport veteran Marcel Angel has died following an incident during a race at Killarney International Raceway in Cape Town on Saturday, 19 September. Motorsport...

Traffic services attacked during illegal street racing clampdown in Paarden Eiland

 Two City traffic officers sustained injuries during an illegal street racing operation in Paarden Eiland on Friday night, 18 September. Officers initially attended to the...