A stunning nighttime panorama of Accra, Ghana, showcasing the vibrant city lights and urban landscape.
South Africa’s private sector showed a slight improvement in business conditions in August, as easing cost pressures helped lift business activity, according to the S&P Global Purchasing Managers’ Index. The index registered 50.1, just above the growth threshold, marking the fourth consecutive month of expansion. Firms reported the first rise in output since May, supported by a stronger rand that eased import costs, though higher fuel and food prices kept inflationary pressures in play. New orders grew, driven mainly by domestic demand, while export orders declined due to higher US tariffs. Supply chain performance also improved for the fifth month in a row—the longest streak on record. Despite ongoing challenges, including trade tensions and political uncertainty, firms remain cautiously optimistic about future growth.
CNBC Africa