Physical address
4 Merchant Place Corner Fredman Drive and Rivonia Road Sandton 2196
Postal address
PO Box 650149 Benmore 2010
The FNB House Price Index growth averaged 0.8% y/y in December, marginally higher than the 0.7% in November (revised from 0.5%), and a low of 0.5% in October.
South African consumers showed cautious but noticeable improvement during the second quarter of 2025 (2Q25). This modest recovery was largely supported by rising real disposable income and successive interest rate cuts, which helped ease financial pressure on households. However, deep-rooted structural challenges, especially in the labour market, continue to hinder a broad-based and sustainable recovery. Here's what the 3Q25 Quarterly Bulletin reveals.
The past week was busy on the economic data front, offering valuable insights into current conditions and potential future trends. We take the opportunity to link these indicators and present a concise view of what we think of prevailing developments and whether they challenge our outlook.
After troughing at 2.1% y/y in May 2020, due to a lockdown-driven fall in demand and statistical imputations, headline inflation accelerated to 5.2% y/y in May of 2021. CPI weights are typically updated at least every five years, in line with international standards. New weights will be introduced with the January 2022 data and the base year will change to December 2020.
You use the information contained on this page (the "Information") at your own risk. First National Bank, a division of FirstRand Bank Limited ("the Bank"), provides no warranties or guarantees, whether express, implied or otherwise, in respect of the Information, its accuracy and/or reliability. Without limitation, the Bank does not warrant that the Information will ensure your compliance with accounting, auditory, financial, legal, business and/or tax requirements or will improve your business' performance. The Information does not constitute advice and should not be used as a substitute for obtaining professional or other advice where necessary. Neither the Bank nor its holding company, subsidiaries or other group companies will be liable to you for any claims, demands, expenses, costs, losses or damages, of whatsoever nature, suffered or incurred by you in respect of your use of the Information.
The Bank is the owner of the copyright in all content on this page. You may not publish, modify or adapt this content in any medium or format without the prior written consent of the Bank.
Estate Agents Survey Property Barometer
Cape Town Sub-Regional House Prices
Cape Town Sub-Regional House Prices
Gauteng Sub-Regional House Prices
Physical address
4 Merchant Place Corner Fredman Drive and Rivonia Road Sandton 2196
Postal address
PO Box 650149 Benmore 2010