Business Business: South Africa’s economy grew by 0.1% in the first quarter of 2025, indicating that the country’s economic pace remains extremely slow. The agricultural sector saw a significant growth of more than 15%, but declines in sectors such as mining and manufacturing limited overall growth.
The country’s economy has been in trouble for the past decade, with annual growth rates of less than 1%. Although the recently formed coalition government has increased business and consumer confidence somewhat, it has not been able to bring significant improvement in production levels.
According to the data, the growth rate in the first quarter was 0.8% on an annual basis. The figures for the last quarter of last year have been revised to 0.4%, which was previously reported at 0.6%.
