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FirstRand braces for tough times

  • Published in News

DURBAN – FirstRand is anticipating tougher trading conditions in South Africa as the country entered a technical recession, but the group remains confident that its diversified portfolio will pull it through as it continues to report top-line growth in its businesses.

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Worst over for manufacturing?

South Africa's purchasing managers' index (PMI) rose for a second month in a row last month, indicating the worst of the dip in the manufacturing sector might be over, a Kagiso Securities survey showed yesterday.

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