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David Owen Updates


People meeting in a boardroom
S&P PMI at 44-month high in April, but input cost pressures soar to a 30-month high
6th May 2026 By: Tasneem Bulbulia

The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to a 44-month high in April, which S&P Global Market Intelligence senior economist David Owen says marked a surprise boost to the... 


Business
South Africa private sector returns to growth but Iran war clouds outlook, PMI shows
7th April 2026 By: Reuters

South Africa's private sector returned to growth in March as faster output and hiring outweighed a slump in export orders and business confidence linked to the US-Israeli war in Iran, a survey... 


The Johannesburg skyline
South Africa's business activity remains stable in February, S&P PMI shows
4th March 2026 By: Reuters

South Africa's private sector activity held steady in February, with the Purchasing Managers' Index holding at 50 for the second straight month, an S&P Global survey showed on Wednesday.  While... 


The Cape Town central business district
South African business activity stabilises in January, S&P PMI shows
4th February 2026 By: Reuters

South Africa's private sector business conditions stabilised in January after a challenging end to 2025, as demand steadied and price pressures eased, an S&P Global survey showed on Wednesday. The... 


The Johannesburg CBD
Business activity declined sharply in Dec, S&P PMI shows
6th January 2026 By: Schalk Burger

Financial information, analytics and market intelligence company S&P Global’s South Africa Purchasing Manager’s Index (PMI) ended 2025 in its weakest position for the year. The headline PMI dropped... 


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