SA factory activity contracts for 4th straight month

GUEST – Miyelani Maluleke (Absa CIB Senior Economist)<br /> <br /> Absa released its latest Purchasing Managers’ Index (PMI), showing businesses in South Africa have little hope for the near term as business conditions deteriorated for the fourth consecutive month. The PMI is an economic activity index based on a survey conducted by the Bureau for Economic Research (BER) and sponsored by Absa. The monthly surveys are conducted under a representative group of purchasing managers in the South African manufacturing sector. <a href="http://www.kayafm.co.za/">Kaya FM </a>