Economy: The five things to keep an eye on this week
1. A shortened tax season gets under way on Monday. • It runs from July 1 to October 31. • There is concern that tax collections could deteriorate further. 2. Absa purchasing managers index • Due on Monday. • It measures activity in the manufacturing sector. • It declined in May, and is not expected to have recovered much in June. 3. Standard Bank purchasing managers index • Due on Wednesday. • Similar to the Absa index, but broader in scope as it measures the whole economy. 4. Vehicle sales for June • Due on Monday. 5. Gold and forex reserves for June • Due on Friday. See here for more detail on these key indicators of SA’s economic health.