Bad news for South Africa as GDP declines, with previous growth revised lower

• South Africa's GDP declined 0.2% in Q2 of 2026
• The country's winning streak was disrupted by the global economic impact of the US-Iran war, with key industries like mining, manufacturing, and trade experiencing sharp negative contributions
• Economists still expect a full-year GDP reading of 1.2%, up 0.1 pp from 2025, with GDP averaging 1.7% over the next three years