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Stronger imports constrain South African growth in second quarter of 2026

# Statistics South Africa has revealed that South Africa’s imports rose by 4.9-percent between April and June, driven by increased purchases of machinery, electrical equipment and mineral products. Exports grew by 0.9-percent, supported by higher sales of precious metals and stones. Investment declined for a second consecutive quarter, mainly due to weaker construction and transport equipment spending. In addition, household consumption increased by 0.4-percent, with consumers spending more on food, beverages and hospitality. Inventories also increased by 8.8-billion-rand during the quarter.