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Business conditions in SA remain buoyant

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Cape Town - South Africa’s purchasing manager’s index (PMI) fell from December’s 21-month high of 51.6 to 50.5, showing only marginal growth in business activities. 

On the positive side though, the PMI remained above 50.0 for the sixth month running in February – the longest sequence of growth in nearly five years, Standard Bank said in a statement, signalling an ongoing improvement in the private sector’s operating conditions. 

The PMI is a composite index, which is calculated as a weighted average of five individual sub-components: 

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