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Out now! South Africa Economic Outlook: South African views on the cost of living, economic stability and climate change

Out now! South Africa Economic Outlook: South African views on the cost of living, economic stability and climate change

South African views on the cost of living, economic stability, health, and climate change

South Africa Economic Outlook | December 2025

Dear Vhavenda


We're pleased to share our next South Africa Economic Outlook report. 


Based on data from our recently published Voice of the Consumer Survey 2025, this report looks at the macro factors that South African consumers believe could have the greatest impact on the country heading into 2026.  


Our survey results show that South Africans are most concerned about the cost of living, economic instability, access to healthcare, and the impact of climate change. We look at the drivers of these concerns as well as what employers can do to support their employees with these challenges.  


Key content in this report includes: 

  • Cost of living: Improving food security requires that workers earn a living wage 

  • Economic instability: Employers need to make (and measure) impacts in their communities 

  • Health risks: Consumers are concerned about the cost and availability of healthcare 

  • Climate change: Extreme and chronic weather events impact people's ability to do their jobs 

  • How we can help with employee wellbeing 

This document is intended to be widely circulated and we encourage you to use this email and attachments to frame and enrich your client conversations. External readers are also encouraged to sign up here to receive future editions of this report by email. You can explore further insights by visiting our webpage.


If you have any questions or would like to discuss any of the topics explored in the report, please don't hesitate to reach out to us.

Contact us

Lullu Krugel

Partner and Chief Economist
PwC South Africa

+27 (0) 82 708 2330

lullu.krugel@pwc.com

Christie Viljoen

Senior Manager and Lead Economist: Macro Analysis, PwC South Africa

+27 (0) 82 472 8621

christie.viljoen@pwc.com



© 2025 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.


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