Business conditions in the private sector soured dramatically during July, in the wake of tighter lockdown restrictions and civil unrest that tore through some of the country’s major economic hubs.
The economy wide IHS Markit purchasing managers’ index fell into negative territory for the first time in 10 months during July, illustrating the extent of the disruption caused by a renewed level 4 lockdown and violence and looting that flared up in Gauteng and KwaZulu-Natal. ..
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