News & Insights

Moving. But slowing.

South Africa's reform agenda is advancing, though at a slower pace.

South Africa's reform completion index reached 71.75 in the first quarter of 2026, a 0.4-point gain from the previous quarter and 27% above the baseline established when tracking began in March 2024. Economic reforms, which carry the largest weighting (70%), remain the primary driver, though their progress was slowed by a sharp fall in freight logistics.