South Africa dodges technical recession in Q4 with 0. 6% GDP growth in 2024

By Siphelele Dludla | Published Mar 4, 2025

South Africa's economy showed resilience in 2024 with a 0. 6% growth rate, narrowly avoiding a technical recession despite falling short of projections. While the finance and personal services sectors showed positive growth, challenges persisted in agriculture, construction, and manufacturing. The fourth quarter brought encouraging signs, particularly in the agricultural sector, which surged by 17. 2%.