By PwC
We’re pleased to share our first South Africa Economic Outlook report for 2025.
Our analysis considers pertinent issues around each of the core macro variables, namely inflation, interest rates, economic growth, the exchange rate and unemployment. A key message in the document is that, at the start of 2025, there is greater optimism about the South African economy compared to 12 months ago.
Key content in this report includes:
Inflation risks: SARB highlights pressure on the cost of food, electricity, water, insurance and wages.
Interest rate decisions: Reducing the inflation target could result in lower long-term lending rates.
Economic growth dilemma: What we need to reach stronger momentum in 2025.
Exchange rate: A challenge to predict due to the impact of global developments on the rand.
The unemployment challenge: Slow economic growth and climate change pose risks to job creation.
How we can help clients with economic scenarios.
You can explore further insights by visiting our webpage.
If you have any questions or would like to discuss any of the topics explored in the report, please don’t hesitate to reach out to us.
Contact us
Lullu Krugel
Partner and Chief Economist
PwC South Africa
+27 (0) 82 708 2330
Christie Viljoen
Senior Manager and Lead Economist: Macro Analysis, PwC South Africa
+27 (0) 82 472 8621