{"id":59097,"date":"2024-01-06T16:26:57","date_gmt":"2024-01-06T16:26:57","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi"},"modified":"2024-01-06T16:44:41","modified_gmt":"2024-01-06T16:44:41","slug":"south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi","title":{"rendered":"South Africa business activity shrinks in December amid port gridlock: PMI"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Private sector activity shrank in December as companies signalled a greater effect on business amid the gridlock afflicting the country’s ports, a survey showed on Thursday.<\/p>\n

<\/a>The S&P Global South Africa Purchasing Managers’ Index (PMI) fell to 49.0 in December from 50.0 in November. A reading above 50 indicates growth in activity.Supply chains, inventories, output and demand were all hit by the port crisis in Durban, with delivery times lengthening at the sharpest rate in almost two years, the survey showed.<\/p>\n

\u201cThe port gridlock is likely to further dent the economy at the start of 2024 as businesses face greater shortfalls in input supply,\u201d said S&P Global Market Intelligence senior economist David Owen.<\/p>\n

Rotational power cuts implemented by Eskom are expected to remain an issue after outages reportedly hit output and sales in December, he added.<\/p>\n

Equipment shortages and maintenance backlogs after years of underinvestment have meant Transnet has struggled to provide adequate freight rail and port services.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Private sector activity shrank in December as companies signalled a greater effect on business amid the gridlock afflicting the country’s ports, a survey showed on Thursday. The S&P Global South Africa Purchasing Managers’ Index (PMI) fell to 49.0 in December from 50.0 in November. A reading above 50 indicates growth in activity.Supply […]<\/p>\n","protected":false},"author":84,"featured_media":59096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,275],"class_list":["post-59097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nSouth Africa business activity shrinks in December amid port gridlock: PMI - South Africa<\/title>\n<meta name=\"description\" content=\"Private sector activity shrank in December as companies signalled a greater effect on business amid the gridlock afflict ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa business activity shrinks in December amid port gridlock: PMI\" \/>\n<meta property=\"og:description\" content=\"Private sector activity shrank in December as companies signalled a greater effect on business amid the gridlock afflict ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-06T16:26:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-06T16:44:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/01\/sm_1704546770.936306.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"South Africa business activity shrinks in December amid port gridlock: PMI\",\"datePublished\":\"2024-01-06T16:26:57+00:00\",\"dateModified\":\"2024-01-06T16:44:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi\"},\"wordCount\":183,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/01\/sm_1704546770.936306.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-business-activity-shrinks-in-december-amid-port-gridlock-pmi\",\"name\":\"South Africa business activity shrinks in December amid port gridlock: PMI - 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