South Africa private sector returns to growth but Iran war clouds outlook, PMI shows
Published on April 7, 2026.
The S&P Global South Africa Purchasing Managers' Index (PMI) rose to 50.8 in March from 50.0 in February, indicating growth. However, new orders fell for a second consecutive month and export sales decreased. Employment increased at the fastest rate since May 2024 as firms built capacity for new projects. Concerns over the Middle East conflict negatively impacted business confidence.
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