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.

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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.
Nederland Laatste Nieuws,Nederland Headlines

Activity in private sector in January contracted at its fastest pace since the end of 2021 as new orders fell due to rolling power cuts and weak economic conditions, a survey showed on Friday.

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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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Nederland Laatste Nieuws, Nederland Headlines

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