absalatest news & developments
South Africa’s Absa Purchasing Managers’ Index fell to 45.8 in August, its lowest reading of 2026, as business activity and new sales orders weakened.
MANUFACTURING

Manufacturing slides deeper into contraction as South Africa’s PMI hits 2026 low

South Africa’s Absa PMI fell to 45.8 in August, its lowest reading of 2026, as business activity and new sales orders weakened. Economists said subdued domestic demand remained a…

  • Yogashen Pillay
3 min read
Shawn van der Meulen is a partner at Webber Wentzel
COMPETITION COMMISSION

Concourt clarifies competition authority jurisdiction over foreign banks

The Constitutional Court's recent ruling clarifies the jurisdiction of South Africa's competition authorities over foreign banks, marking a pivotal moment in the forex cartel…

  • Kelton Miller
  • Shawn van der Meulen
4 min read