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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa GDP growth (annual %) fell to 0.6 Percentage (%) in January 2023
World BankYearlyReleased January 2023
South Africa GDP growth (annual %) fell to 0.6 Percentage (%) in January 2023, down 1.31 Percentage (%) from December's 1.91 Percentage (%) reading.
Latest Release
0.60
Latest (2023)
1.91
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/ZAR | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/ZAR | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
South Africa GDP Growth Rate (South Africa) was reported at 0.90 Percent in June 2026. The reading fell from the previous value of 1.90 Percent. This is classified as a high-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 1.20 Percent, up from the prior three at 1.00 Percent. In September readings over the past 3 years, South Africa GDP Growth Rate has averaged 0.70 Percent.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/ZAR (Bullish ZAR). A secondary relationship exists with XAU/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Sep 23) and Inflation Rate YoY (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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GDP growth (annual %) - ZA
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About GDP growth (annual %) — South Africa
DEFINITION
South Africa's GDP Growth Rate for June 2026 came in at 0.900000 percent, down from May's 1.900000 percent, signaling a notable slowdown in economic expansion. June's growth rate remains positive but reflects a deceleration compared to the previous month. Market focus will remain on upcoming data releases and central bank policy amid this cooling momentum. Updated 9/10/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 0.9 Percent. Prior reading (Jun 2026): 1.9 Percent. Before that (Mar 2026): 0.8 Percent.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/ZAR (Bullish ZAR, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - ZA Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | ZA | Inflation Expectations | 4.2 | 4.4 | 4.40 | Low | |
| 11:00 | ZA | Retail Sales MoM | -0.6 | 0.7 | 1.65 | Low | |
| 11:00 | ZA | Retail Sales YoY | 1.6 | -3 | -2.70 | Low | |