Private sector shows solid improvement in July

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But rising costs for fuel, utilities and labour present challenges for the sector, leading to sharp increases in business expenses

The SA economy remained firmly positive in July as businesses recorded an improvement in client demand, signalling a solid improvement in the health of the private sector.

The S&P Global SA purchasing managers index released on Wednesday rose to a 14-month high in July, edging up to 52.7 from 52.5 the previous month. This is the strongest private sector growth since May 2021. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Source: News Formal (newsformal.com)

 

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Are companies like Proudly_Bidvest also falls in the catergory of private sector even if they are surviving from tax payers monies?

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