South African private sector activity rose marginally in April as an improvement in business confidence encouraged companies to expand purchasing activity and staffing levels, a survey showed on Monday. The S&P Global South Africa Purchasing Managers' Index (PMI) rose to 50.3 in April from 48.4 in March, its highest reading since February. A reading above 50 shows growth. Business sentiment was boosted by a drop in rolling power cuts in April and a softer reduction in new orders. "Some of the... Read this story
