The Reserve Bank’s six-month gauge measuring economic performance posted a third month of expansion in August, pointing to a mild improvement in economic activity ahead of the medium-term budget policy statement (MTBPS) on November 1.

The composite leading business cycle indicator, which offers a projection of SA’s economic growth cycle for the next six to 12 months, rose by 0.4% in August after a 0.1% increase in the previous month, the Bank said on Tuesday...

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