{"id":44930,"date":"2026-09-08T09:45:54","date_gmt":"2026-09-08T07:45:54","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=44930"},"modified":"2026-10-12T12:44:53","modified_gmt":"2026-10-12T10:44:53","slug":"sa-economy-contracts-in-second-quarter-reflecting-iran-war-impact","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sa-economy-contracts-in-second-quarter-reflecting-iran-war-impact\/","title":{"rendered":"SA economy contracts in second quarter, reflecting Iran war impact"},"content":{"rendered":"<div>South Africa&#8217;s (SA) economy contracted in \u200cthe second quarter of 2026 after six quarters of growth, official data showed on \u200bTuesday, in the first release to \u200bproperly reflect the impact of the \u2060Iran war.<\/div>\n<div><\/div>\n<div>Gross domestic product (GDP) contracted 0.2% \u200bon a seasonally adjusted quarter-on-quarter basis, whereas economists \u200bpolled by\u00a0<em><span class=\"x_spanWithBackgroundColor\">Reuters<\/span>\u00a0<\/em>had forecast it would shrink 0.1%.<\/div>\n<div><\/div>\n<div>Statistics SA revised first-quarter growth to 0.4% \u200bfrom 0.5% previously.<\/div>\n<div><\/div>\n<div>At the time of \u200bthe last release, economists said second-quarter output data would \u200coffer \u2060a truer reflection of the impact of the U.S-Israeli war against Iran.<\/div>\n<div><\/div>\n<div>Although the war started in late February, it took \u200btime for \u200bdomestic \u2060fuel price hikes to kick in, causing ripple effects throughout \u200bthe economy.<\/div>\n<div><\/div>\n<div>Stats SA data showed GDP \u200bgrew \u20600.9% in April-June on a year-on-year basis, also worse than economists&#8217; forecast for \u20601.2% \u200bgrowth.<\/div>\n<div><\/div>\n<div>Economists tend to follow \u200bSA&#8217;s quarter-on-quarter GDP reading more closely.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":33640,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-44930","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA economy contracted in \u200cthe second quarter of 2026","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44930\/revisions"}],"predecessor-version":[{"id":44931,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44930\/revisions\/44931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/33640"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=44930"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=44930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}