South Africa's private sector growth sustained in October as costs fall, PMI shows

South Africa's private sector maintained its growth trajectory in October, bolstered by a decline in business costs and selling prices, a Purchasing Managers' Index (PMI) survey showed on Tuesday. The S&P Global South Africa PMI recorded a reading of 50.6, slightly down from September's 51.0, but still above the 50.0 mark that indicates growth.