Home Business Business activities hit new low as taxes and pandemic hurt buyers

Business activities hit new low as taxes and pandemic hurt buyers

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[Image source: African Arguments | Credit: Nina R.]
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The Standard | Frankline Sunday


The private sector registered a slowdown in growth during the third quarter of this year as demand remained suppressed and businesses began feeling the effects of new taxes.

According to the latest purchasing manager index (PMI) from Stanbic Bank, leading indicators, including output, new orders and employment, fell to a three-month low, with…

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