We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Business activity was under significant pressure in May as SA grappled with the fallout of severe flooding in KwaZulu-Natal and load-shedding, data from the Reserve Bank showed on Tuesday.

The Bank’s composite leading business cycle indicator for May, which offers a projection of SA’s economic growth cycle for the next 6-12 months, decreased by 0.7% on a monthly basis and a much heftier 8.5% annual contraction. Seven of the 10 components comprising the indicator outweighed increases in the remaining three. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.