South African Economic Growth Could Triple This Year, Absa Says

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

Africa’s most industrialized 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.