South Africa’s economy is much bigger than you thought

• The size of South Africa's economy in 2022 was raised to R6,990 billion, up by around 4.9% from the previously published R6,667 billion.
• The largest change occurred in the mining industry (up by 12.5%) and the second-largest change occurred in finance, real estate, and business services (up by 9.1%).
• The rebasing and benchmarking revisions don't fundamentally change the makeup of the economy—they just give a clearer and more accurate picture of it.