PMI declines to 48.4 points

By Andy Rice 1 July 2010

The Kagiso Purchasing Managers' Index fell to 48.8 points for June - its lowest level since October 2009. A reading above 50 represents expansion, while below 50 signals contraction. Analysts suggest that employee absenteeism during the World Cup is part of the reason for the unexpected drop. Read more: Times Live


Corruption, Inc

Thulas Nxesi: State Capture forces resist the clean up at Public Works

By Marianne Merten