South Africa business activity contracts again in July, S&P Global PMI shows

South African private sector activity remained subdued in July amid weaker sales and increased supply-side pressures, a survey showed on Monday. The S&P Global South Africa Purchasing Managers' Index (PMI) rose slightly to 49.3 in July from 49.2 in June, but remained below the 50 level which marks growth for the second month in a row.