World Bank’s South African GDP growth forecast shows local reforms working – GCIS
The World Bank’s outlook projects that GDP growth in South Africa will increase to 1.4% this year and 1.5% in 2027, which reflects the positive impact of continued reform momentum, particularly in the energy and logistics sectors, alongside rising public investment, says the Government Communication and Information System (GCIS).
According to the World Bank report, private consumption and private-sector investment are expected to remain the main drivers of growth, supported by ongoing efforts to improve public expenditure efficiency and ease supply-side constraints.
The World Bank’s outlook affirms that sustained reforms are beginning to yield positive results, it says.
Government remains committed to accelerating inclusive growth that translates into jobs, economic opportunity and improved living conditions for all South Africans.
Government will continue to work with social partners, the private sector and international development institutions to strengthen reforms, unlock investment and build a resilient, inclusive and sustainable economy, the GCIS says.
Further, South Africa's government has welcomed the World Bank’s assessment that shows economic growth in South Africa strengthened to 1.3% in 2025, supported by a more reliable electricity supply, a strong agricultural harvest and improved business confidence toward the end of the year, it adds.
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