South African private sector growth slows slightly in July, PMI shows

Polity Audio Articles · Aug 5, 2026 · 1m

South African private sector growth slows slightly in July, PMI shows South Africa's private sector expanded for a second straight month in July, though at a slightly slower pace as weaker employment growth and renewed stock drawdowns offset a return to output growth, a business survey showed on Wednesday. The S&P Global South Africa Purchasing Managers' Index (PMI) fell to 50.3 in July from 50.5 in June, a survey by S&P Global showed. The 50-mark separates growth from contraction. Employment growth slowed sharply to a six-month low despite a first increase in backlogs of work since…