THE BAD

Finweek English Edition - - IN BRIEF -

SA’s man­u­fac­tur­ing sec­tor has de­te­ri­o­rated to four-year lows, the lat­est Kag­iso pur­chas­ing man­agers in­dex (PMI) shows. The April rank­ing − hurt by load-shed­ding and a num­ber of public hol­i­days − fell to 45.4, the low­est since July 2011. The be­low-50 read­ing sug­gests ac­tiv­ity in the sec­tor is de­clin­ing, with mar­ket com­men­ta­tors say­ing that con­di­tions may even worsen in the sec­ond quar­ter.

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