Business activity shrinks solidly in January - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

People work at ''The Faktory", a fashion design and clothing manufacturing company in Johannesburg, South Africa.People work at ''The Faktory", a fashion design and clothing manufacturing company in Johannesburg, South Africa.

“The South African economy suffered a fresh downturn at the beginning of 2023, driven by a stronger decline in new business inflows that was the most marked in just over a year,” David Owen, economist at S&P Global Market Intelligence, said.

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Business activity falls to levels last seen in December 2021New orders slumped due to load-shedding, which also disrupted supply chains and curtailed business activity, according to survey respondents
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MINING SAFETY MILESTONE: Minerals Council SA reports industry’s first fatality-free month in JanuaryIn the wake of the news that accidental deaths in South Africa’s mining industry reached a record low of 49 in 2022, another safety milestone has been achieved. During January this year, the sector recorded its first calendar month without a death. That this is a milestone underscores the scale of the historical carnage that has been wrought underground. But mining had been reduced to 10% of what it used to be!
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