Business activity in South Africa takes a hit as trucks come under fire

The latest Absa purchasing managers index showed a flat start to the third quarter of the year – but the devil in the details points to significant pressures for businesses underneath the surface.

In a particularly stark move, the seasonally adjusted business activity index tanked by almost 11 points, the BER noted. “The deliveries index is inverted, implying that longer supplier delivery times boost the headline PMI,” the BER said. “The longer delivery times in July may well reflect delays associated with the torching of multiple trucks on the N3 transport corridor during the month.”

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS REFLECTION: After the Bell: The true limits of business-government cooperationLet me tell you the truth, if I may. The way the government looks at business is as a bargaining chip, not as an ally. It sees business as one of the forces in society that it has to traduce.
Source: dailymaverick - 🏆 3. / 84 Read more »

Appeals court rules for banks in Sekunjalo matter - but the fight isn't over | BusinessThe Competition Appeal Court of SA found that the Competition Tribunal was wrong to order Mercantile Bank, Standard Bank and Access Bank to either reopen or not close Sekunjalo's accounts. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »