Moneyweb reports that South Africa's economy is losing momentum, according to a market report delivered by Henco Kruger. The segment also features Omri Thomas, portfolio manager at Abax Investments, who shares his views on the oil price and South Africa's economic growth rate. The discussion focuses on the country's weakening economic performance and related market factors, including developments in oil prices that affect the broader economy.

South Africa's economy contracted by 0.2% in the second quarter of 2026, according to IOL, as declines in the mining, manufacturing and trade sectors outweighed growth recorded in other industries. The figures indicate renewed weakness in key productive areas of the economy, with the slump in mining and manufacturing output proving the main drag on overall performance during the period, reversing gains made elsewhere across other sectors.

Moneyweb interviewed Makwe Masilela of Makwe Fund Managers about markets struggling to find direction at the end of the US earnings season. The discussion covered JSE performance, commodities and resources, China’s weaker-than-expected GDP, the US debt ceiling, share buybacks and Brent crude rising above $90 a barrel amid heightened Gulf tensions, according to the Moneyweb item.

South Africa's private sector experienced marginal growth in June, despite a significant decline in business optimism, which has reached its lowest point in five years. This indicates a contrasting trend between economic activity and the sentiment of business leaders in the country.

South Africa's economy contracted by 0.2% in the three months through June, ending a streak of growth, according to Statistics South Africa. The decline follows revised growth of 0.4% in the prior quarter. Moneyweb reports the downturn as the impact of the war in Iran takes a toll on the country's economic performance.

South Africa's economy is expected to end its longest growth run in a decade, according to Moneyweb, as second-quarter data fully captures the fallout from the conflict in the Middle East. The anticipated slowdown marks a setback for the country after an extended period of economic expansion, with analysts attributing the weakness partly to the regional conflict's broader economic impact.