South Africa business activity grows in Aug for first time in six months -PMI ...Middle East

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South Africa business activity grows in Aug for first time in six months -PMI
A worker looks on next to loafs of bread at a spaza shop in Thembisa, on the East Rand, in South Africa, August 2, 2023. REUTERS/Siphiwe Sibeko/file photo Acquire Licensing Rights JOHANNESBURG, Sept 5 (Reuters) – South African private sector activity grew for the first time in six months in August as improved demand led to firms boosting output, a survey showed on Tuesday. The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to 51.0 in August from 48.2 in July. A reading above 50 shows growth. Overall business costs rose at the slowest rate since January, leading to a slower increase in firms’ output charges, the survey showed. “The August South Africa PMI pointed to a

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