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Manufacturing activity in South Africa 🏭 dropped by a greater than expected 2.9% year-on-year in April. Contributors • Iron & steel, & metal products (-6% and contributing -1.4%) • Wood, paper & printing (-10% and contributing -1%) • Motor vehicles & parts (-11% and contributing -0.9%) On monthly basis, output shrank by 2.7% in April.

Mining production in South Africa ⛏️ climbed by 8.2% year-on-year in April , following a 2.5% rise in March, mainly due to a weak base of comparison. Contributors • PGMs ( 36.5% & contributing 8.8%) • Manganese ore ( 19% & contributing 1.3%) • Chromium ore ( 17.5% & contributing 1.1%) • Coal (-5.8% & contributing -1.5%)

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South Africa's residential property price inflation 🏡 was 7.8% in January 2026, up from a revised 7.2% in December 2025, via @StatsSA. Month-on-month prices rose 0.7% in January 2026. Contributors (y/y) • Western Cape ( 11% & contributing 4.5%) • Gauteng ( 4.5% & contributing 1.6%) • KwaZulu-Natal ( 5.5% & contributing 0.5%) • Mpumalanga ( 10.7% & contributing 0.3%) • Eastern Cape ( 3.2 & contributing 0.2%) • Limpopo ( 18.5 & contributing 0.2%)

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The RMB/@BER Business Confidence Index (BCI) 💼 fell by 8 points to 39 in the 2nd quarter of 2026, reversing the gains recorded over the previous two quarters and leaving the index just below its long-term average of 40. The drop was not unexpected given the deterioration in the global environment due to the US-Iran war. ber.ac.za/Documents/ViewMode…

The @BERcoza/@Absa Purchasing Managers’ Index (PMI) 📝 declined by 1.8 points to 50.8 in May 2026 from 52.6 in April. A reading below 50 indicates a contraction, while a reading above 50 indicates an expansion. Sub-Indices performance (m/m) • Employment: 10.5% to 48.4 points • Inventories: 6.7% to 55.8 pts • Supplier Deliveries: 0.3% to 61.6 pts* • Purchasing Prices: -0.9% to 84.8 points • New Sales Orders: -15.7% to 44.6 pts • Business Activity: -17.6% to 43.5 pts New Sales Orders & Business Activity fell back into contraction after April's improvement, while Purchasing Prices indicated strong cost pressures. *Higher Supplier Delivery readings indicate slower deliveries rather than stronger activity. ber.ac.za/Documents/ViewMode…

South Africa's factory price inflation 🏭 jumped by 4.8% year on year in April vs estimates for 3.5%, via @StatsSA. On a monthly basis, PPI gained 3% in April after rising 1.1% in March. • Coke, petro-chemicals, rubber & plastic ( 11.8% & contributing 2.5%) • Food, beverages & tobacco ( 1.9% & contributing 0.6%) • Paper & printed products ( 6.4% & contributing 0.5%)

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South Africa's tourist accommodation income 🛌 rose 12.1% y/y in March, via @StatsSA. This was due to a 11.1% increase in stay unit nights sold and a 2.7% increase in the average income per stay unit night sold. Hotel occupancy rates of 57.5% are well-above March 2019's pre-pandemic figure of 52.3%.

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