South Africa’s GDP contracts 0.2% in second quarter of 2026
“We need much faster and bolder economic reform to turn South Africa’s economy around.”
That is a truism very few leaders, economists, analysts and other commentators, would quarrel with. And it has been repeated many times – for decades – at times like this week when Statistics South Africa releases some harsh indicators about the state of our economy. What is deplorably remarkable about this call for faster and bolder economic reform this time is that it comes from with in government instead of outside.
The latest rendition of the statement was delivered by Democratic Alliance leader Geordin Hill-Lewis following news that our country’s economic recovery had hit a snag in the second quarter of this year.
Hill-Lewis correctly said the latest figures were an urgent warning that the government’s current approach to reform was not producing the desired results.
