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Private-sector business activity took a hit in December as the year ended on a sour note, thanks to intensified load-shedding and weak demand.

The latest headline IHS Markit SA purchasing managers’ index (PMI) for December fell to 47.6, down from 48.6 the previous month. This marks the eighth consecutive month of deterioration in business conditions in the private sector and the sharpest rate of decline since October 2018, IHS Markit said in a release. ..

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