Flash Briefing: Robust action needed - IMF on SA; Vehicle sales, PMI disappoint; Rand's rosy outlook; PP YouTube's Pravin
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In today's business headlines:
The IMF says South Africa needs to take “robust actions” to reduce its fiscal deficit and reverse the increase in public debt;
The Absa purchasing managers’ index (PMI) has dropped again in May after a slight rise in April;
South African vehicle sales fall again;
The rand ended slightly firmer and the Bloomberg year-end forecast looks rosy;
The Public Protector fires another salvo at Minister of Public Enterprises Pravin Gordhan.
The IMF says South Africa needs to take “robust actions” to reduce its fiscal deficit and reverse the increase in public debt;
The Absa purchasing managers’ index (PMI) has dropped again in May after a slight rise in April;
South African vehicle sales fall again;
The rand ended slightly firmer and the Bloomberg year-end forecast looks rosy;
The Public Protector fires another salvo at Minister of Public Enterprises Pravin Gordhan.
