The SA Reserve Bank’s six-month indicator measuring economic performance slumped for a fifth consecutive month, indicating slowing economic activity as worsening load-shedding, volatile commodity prices and a challenging external environment continued to hamper business activity.

The loss in growth momentum can be seen in the Bank’s composite leading business cycle indicator released on Tuesday, which offers a projection of SA’s economic growth cycle for the next six to 12 months, and contracted by 1% on a monthly basis in April following a 2% drop in the previous month...

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