SA INFLATION | Annual inflation rose to 4.5% in May, the highest level since July 2024, marking the third consecutive monthly increase. SA TRADE BALANCE | South Africa recorded a ZAR 1.8bn trade deficit in May, its first monthly deficit since January 2025....
Credit Rating. S&P upgraded SA’s foreign-currency sovereign rating to BB from BB-. The first upgrade in over two decades. SA Food Inflation. Food and non-alcoholic beverages inflation slowed to 3.9% – its lowest reading in more than three years.
Crescendo of Growth. South Africa’s economy grew 0.8% in Q2 2025, its strongest quarterly crescendo since Q2 2023. Pianissimo Expectations. SA inflation expectations dropped to record lows over the month.
