South Africa slumps on Trump and load shedding

BusinessTech

South African factory sentiment worsened in February, marking a fifth consecutive month of decline due to global trade concerns, US tensions, and power cuts. Absa Group Ltd.’s Purchasing Managers’ Index dropped to 44.7 from 45.3 in January, reflecting weakened confidence in business activity, new sales, and employment. Expectations for future business conditions also decreased amid uncertainties.

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