Category: South Africa Business News

sa manufacturing pmi snaps 9 month contraction cycle 240x180 - SA manufacturing PMI snaps 9 month contraction cycle

SA manufacturing PMI snaps 9 month contraction cycle

A gauge measuring South Africa’s manufacturing industry expanded for the first time in nine months in December as new-sales and export orders improved. Absa Group Ltd’s Purchasing Managers’ Index, compiled by the Stellenbosch-based Bureau for Economic Research, rose to 50.7 from 49.5 in November, the Johannesburg-based lender said in an emailed statement Wednesday. The reading […]

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after an ugly year sa stocks may be set to rally 240x180 - After an ugly year, SA stocks may be set to rally

After an ugly year, SA stocks may be set to rally

It’s been a rough year for South African stocks, but signals are emerging that they’re set for a rebound in 2019. Cheap valuations, flows into US exchange-traded funds and optimism among global analysts are some of the factors that suggest South Africa’s $445 billion equities market may recover from its worst year in the past […]

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