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South Africa’s economy contracts 0.2% in Q2 as key sectors struggle amid rising fuel costs

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South Africa's economy has taken a knock. According to Statistics South Africa, the GDP decreased by 0,2% in the second quarter of 2026 compared with the first quarter of this year. This is said to be due to mounting pressure on the country's goods producing sectors, with manufacturing, mining and electricity production all recording declines, as steep fuel price increases and weak consumer demand weighed on activity. While agriculture and parts of the services sector provided some support, it was not enough to keep the economy from declining. Innocent Semosa reports

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