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⚡ Absa PMI slides to 47.3 as South African factories see orders dry up despite easing costs ⚡ DA demands withdrawal of PSiRA firearm regulations and Firearms Control Amendment Bill ⚡ Truck hijackings running at 30-35 a week as freight security costs climb to 2.3% of operating costs ⚡ Acting police minister enlists private security as force multiplier ahead of 30 June demonstrations ⚡ Fidelity flagged Gauteng and KZN as flashpoints, put helicopters and APCs on standby for 30 June ⚡ Vumacam LPR network guides Gauteng officers to hijacked vehicle on the M1, two suspects arrested ⚡ Cape Town's Olarm goes fully wireless with Olarm ONE as its app base tops half a million users ⚡ SASSA biometric drive verifies nearly one million beneficiaries and suspends 68,000 grants
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Absa PMI slides to 47.3 as South African factories see orders dry up despite easing costs
INDUSTRY 46d ago · SecurityHub Newsdesk

Absa PMI slides to 47.3 as South African factories see orders dry up despite easing costs

The Absa PMI dropped from 50.8 to 47.3 in June as new orders fell, though a 13.5-point plunge in purchasing prices suggests factory cost pressures may have peaked.

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