- Business activity in South Africa reached its fastest growth since 2021, fueled by stronger private sector output
- The S\&P Global PMI rose to 50.8 in May, signaling expansion after months of stagnation
- Improved supply chains helped companies boost inventory at the highest rate in a year
- Export orders declined due to international trade pressures, including U.S. tariffs
- Business optimism hit a three-month high with expectations of stronger demand and new product launches
