SA economic growth could triple this year, Absa says

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South Africa looks set for much better growth in 2025 thanks to increased spending and investment, according to analysts at Absa Group, though a cooling of relations with the US may dim the outlook.

Africa’s most industrialised economy could expand by 2.1% this year, analysts at the Johannesburg-based lender said on Tuesday. That compares with the 1.7% expansion forecast by the central bank, up from 0.7% in 2024.