South Africa's economic activity slips in June

South Africa's economic activity indicated a drop in activity in June 2026; this was revealed according to the PayInc Economic Index on Wednesday.

South Africa's economic activity fell in June 2026, according to the PayInc Economic Index released on Wednesday.

PayInc said the Index declined by 0,9% on a monthly basis, following a revised 2,0% decline in May.

Shergeran Naidoo, Head of Stakeholder Engagement at PayInc, said that the Index, at 102,4, reached its lowest level since November 2025, although it remained 2,5% higher than a year earlier.

PayInc added that the first half of 2026 reflected a strong first quarter, followed by a notable moderation in economic activity during the second quarter, particularly over the past two months.