Surprisingly strong SA economy beats expectations

Author: Helena WassermanPublished on: June 9, 2026Country: South Africa

Business & Economy

Surprisingly strong SA economy beats expectations

South Africa's economy grew in the first quarter, beating expectations. The surprise expansion was driven by resilience in several sectors. GDP data released on Tuesday showed a rebound from previous economic challenges. The stronger-than-expected growth provides a boost for the government and businesses.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Gold, oil, wood, customs: Tchiroma details the pillage of Cameroon

PoliticsBusiness & EconomyCameroon

camer.be•24m ago

Gold, oil, wood, customs: Tchiroma details the pillage of Cameroon

In a recent statement, Issa Tchiroma denounced the systematic plundering of Cameroon's resources, including gold, oil, timber, and customs revenues. He presented quantified evidence of the scale of embezzlement and called for urgent reforms.

Nigeria is moving in the right direction, says FG

PoliticsBusiness & EconomyNigeria

Urowayino Jeremiah•24m ago

Nigeria is moving in the right direction, says FG

The Nigerian Federal Government on Tuesday defended President Bola Tinubu's reforms, declaring that Nigeria is emerging from economic fragility. Information Minister Mohammed Idris and SGF George Akume presented a scorecard at a Democracy Day press conference in Abuja, highlighting 1 million student loan beneficiaries, tax reforms, and anti-graft successes. They acknowledged economic hardships but maintained that policies are yielding results.

SSB tax threatens 33% manufacturing output, 1.5m jobs — MAN

Business & EconomyNigeria

Urowayino Jeremiah•25m ago

SSB tax threatens 33% manufacturing output, 1.5m jobs — MAN

The Manufacturers Association of Nigeria (MAN) has warned that plans to significantly increase excise duties on sugar-sweetened beverages could threaten a sector responsible for about 33% of the nation's manufacturing output and over 1.5 million direct and indirect jobs. MAN Director General Segun Ajayi-Kadir noted that the non-alcoholic drinks sector already remits between 40 and 45% of its gross revenues in taxes. He also argued that there is no conclusive empirical evidence identifying sugar-sweetened beverages as the primary driver of non-communicable diseases in Nigeria.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more