UASA Media Release: 09 September 2025
Statement by Abigail Moyo, spokesperson of the trade union UASA:
The Gross Domestic Product (GDP) growth of 0.8% in the second quarter of 2025 is promising news for the South African economy. This growth was supported by a strong recovery in the mining sector and increased consumer spending.
Despite the implementation of US import tariffs in April, the mining sector still managed to grow by 3.7%, while spending in restaurants and hotels increased by nearly 5%.
The economy’s year-on-year growth was 0.6%, and a six-month-on-six-month analysis indicated a growth rate of 0.7% during comparable periods.
We are optimistic that this economic growth will improve the situation for South Africans by helping to lower inflation, reduce fuel costs and ease debt burdens. This offers hope for a stronger economy where job creation becomes a reality for many.
While the positive growth is welcome and has surprised many consumers, we cannot ignore that current growth levels are insufficient to offset population growth and rising unemployment.
We remain hopeful that the South African Reserve Bank’s projected growth of 1.2% for the year can be achieved, providing further relief for consumers facing financial challenges and a high cost of living.
Following positive economic trends, UASA is encouraged by the improving outlook, with inflation rates cooling and most companies reporting favourable results from their operations. We are optimistic about the potential for job creation and positive economic transformation. It is crucial that we avoid any further economic contraction, and we must continue this trend for the financial benefit of consumers.
For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.