SA business conditions deteriorated at the sharpest rate since December 2021 in January as rolling power outages and weak economic conditions contributed to solid falls in activity and new orders.
The SA S&P Global purchasing managers index released on Friday shows that business activity contracted to 48.7 points in January, registering below the 50.0 neutral mark for the first time in three months, from 50.20 points in December. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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