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The AITF mandate is to create majority black-owned businesses in the SA automotive sector. Picture: SUPPLIED
The AITF mandate is to create majority black-owned businesses in the SA automotive sector. Picture: SUPPLIED

Absa’s purchasing managers index (PMI) fell 1.6 points to 43.1 points in May, marking the seventh straight month that headline PMI has been below the key 50-point mark that separates expansion from contraction.

Business Day TV took a look at the factors that have contributed to this with Absa CIB economist Sello Sekele.

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