Government welcomes continued GDP growth in Q3 of 2025

Government welcomes the latest Gross Domestic Product (GDP) results released by Statistics South Africa today (2 December 2025), showing that the economy grew by 0,5% in the third quarter of 2025. The growth marks the third consecutive quarter of growth following the 0,9% expansion in the second quarter. The continued improvement reflects the resilience of the South African economy and the impact of ongoing structural reforms to support inclusive and sustained growth.

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Government welcomes interest rate cut as relief for households

Government welcomes the decision by the South African Reserve Bank’s Monetary Policy Committee to cut the interest rate by 25 basis points, bringing the repo rate to 6.75% and the prime lending rate to 10.25%.

The rate cut is expected to ease pressure on consumers with loans, support small businesses, and encourage investment and economic activity. Government continues to prioritise measures that help reduce the cost of living, create jobs, and improve economic stability.

Media releases

Presidential eThekwini Working Group demonstrates collaboration in action

A high-level delegation led by Co-Chairs of the eThekwini Presidential Working Group (PeWG) Director-General in the Presidency Phindile Baleni and Mike Mabuyakhulu conducted an inspection yesterday, 13 November, of major service delivery projects underway in the City.

The PeWG delegation visited the Moses Mabhida Stadium, Rivertown Precinct, Phoenix Industrial Park, the uMlazi Canal, and the Southern Aqueduct.

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