The South African Purchasing Managers Index (PMI) wrapped up the year on a weak note, with private sector firms reporting the first decline in business activity in four months. S&P Global's latest survey reveals that subdued demand led to stagnant sales growth and a slowdown in hiring.

The sector also faced rising inflationary pressures, with increased costs pushing firms to raise their selling prices. As a result, the outlook for 2025 softened, with business confidence retreating from recent multi-year highs.

On the brighter side, however, supply chain pressures appeared to ease, prompting firms to increase their input purchases.

Channel Africa business reporter Innocent Semosa filed this report.

The South African Purchasing Managers Index (PMI) wrapped up the year on a weak note, with private sector firms reporting the first decline in business activity in four months. S&amp;P Global's latest survey reveals that subdued demand led to stagnant sales growth and a slowdown in hiring.
The sector also faced rising inflationary pressures, with increased costs pushing firms to raise their selling prices. As a result, the outlook for 2025 softened, with business confidence retreating from recent multi-year highs.
On the brighter side, however, supply chain pressures appeared to ease, prompting firms to increase their input purchases.
Channel Africa business reporter Innocent Semosa filed this report.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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