Aim South African adults with hypertension often have comorbid physical and mental health problems and disabilities, which can influence each other in complex ways. We modelled potential causal pathways connecting multimorbidity, depression, stress, disability and cardiovascular risks. Methods The study analysed observational data on 1043 adults with treated hypertension and with symptoms of depression (Patient Health Questionnaire-9 score > 9) who participated in a randomised trial in 20 primary health care clinics. A structural equation path model using cross-sectional baseline data estimated direct and indirect effects of sociodemographic variables and comorbidities on depression, stress and disability scores, and their further direct and indirect effects on smoking, body mass index and blood pressure. A cross-lagged structural equation model using longitudinal data estimated effects of depression symptoms, disability and blood pressure on each other over time. Results At baseline, depression symptoms as outcome were positively associated with previous myocardial infarction, blood pressure, and disability. Disability was positively associated with depression symptoms, stress scores, myocardial infarction and tuberculosis. Body mass index was positively associated with income and female sex and negatively associated with HIV, tuberculosis, perceived stress and age. Systolic blood pressure was positively associated with depression symptoms and age, and negatively associated with tuberculosis. Indirect effects of myocardial infarction and age on disability were partly mediated through perceived stress and depression symptoms. Baseline depression symptoms predicted greater disability after one year, and baseline disability predicted greater depression symptoms and higher blood pressure after one year. Conclusions Control of cardiovascular risk factors in primary care patients with hypertension is interrelated with their mental health, disability, and comorbidity. Better mental health care and management of disability could help control blood pressure and reduce cardiovascular risk.