AI Intelligence Summary
South Africa's "load-shedding" electricity crisis has measurably suppressed GDP by an estimated 2 percentage points annually. The GNU (Government of National Unity) formation under Ramaphosa signals political stabilisation but structural challenges are immense: 33% unemployment (60%+ youth), persistent inequality, Eskom balance sheet, SOE reform. The ZAR remains chronically undervalued. Mining, tourism, and financial services are bright spots in an otherwise challenging macro environment.
0.60%
GDP Growth
5.60%
CPI Inflation
4.50%
Core CPI
32.90%
Unemployment
8.25%
Policy Rate
2.65%
Real Rate
73.40%
Debt/GDP
49.40
PMI
GDP Growth Rate
Annual real GDP growth (%)
Inflation (CPI)
Consumer price index annual change (%)
Monetary Policy Rate
Central bank benchmark rate (%)
Unemployment Rate
% of labour force unemployed
Full Indicator Dashboard
| Indicator | Value | Status |
|---|---|---|
| GDP Growth | 0.60% | moderate |
| Headline Inflation | 5.60% | elevated |
| Core Inflation | 4.50% | elevated |
| Unemployment Rate | 32.9% | high |
| Policy Rate | 8.25% | restrictive |
| Real Interest Rate | 2.65% | tight |
| Yield Curve Spread | 2.84% | normal |
| Debt / GDP | 73.4% | elevated |
| Current Account | -2.80% | deficit |
| Fiscal Balance | -4.80% | deficit |
| PMI (Composite) | 49.4 | contraction |
| M2 Growth | 6.80% | moderate |
| Industrial Production | -0.80% | declining |
| Trade Balance | $4.8B | surplus |
| FDI Inflows | $4.2B | moderate |
| FX Reserves Coverage | 5.8 months | moderate |
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