South African private sector economic activity contracted in March as rotational power cuts and inflationary pressures weighed on business, a survey showed on Wednesday.
The S&P Global South Africa Purchasing Managers' Index fell to 49.7 in March from 50.5 in February, dropping below the 50 mark dividing growth from contraction.
State power utility Eskom is implementing the biggest rolling power cuts on record, leaving households and businesses in the dark for up to 10 hours a day.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Absa PMI declines further in March as winter power outages loomManufacturing weakens, but the subindex for expected business conditions in six months rebounds sharply
Read more »
Kenya private sector activity in March; weaker shilling hurts - PMIKenyan private sector business activity contracted in March, albeit at slower pace than a month earlier, hurt by rising prices, a weakening shilling and a lack of access to dollars, a survey showed on Wednesday.
Read more »
These were South Africa's top-selling car brands in MarchBakkies fly but car sales don't fare so well due to interest rate hike and closed showrooms.
Read more »
South Africa's top five vehicle exporters in March ranked | The CitizenNaamsa has reported a slight decline of 0.6% in new vehicle sales for March 2023, but there's good news! Export sales are up 3.1% 🚗💨 Here are SA's top 5 exports. Motoring MotorinNews TheCitizenMotoring Read more⬇️
Read more »
Digital artist Thapelo shaping the future of South African artThapelo Keetile, a 33-year-old digital artist from Kuruman, expresses his gratitude for the freedom to explore his career as an artist in SA.
Read more »