The 1/4  BIS central bankers' speeches  services PMI declined to 50.5 in August from 54.7 in July, while the manufacturing PMI continued to improve marginally. Retail trade has returned to pre-pandemic levels but expenditure on several consumer services remains exceptionally low.
But if South Africa doesn’t start doing better, it won’t be able to meet its  10 Group of Twenty 11 Brazil, Russia, India, China, South Africa  Page 6 of 10  challenges – and it will be overtaken by other countries. So what do we do about our growth trap, our downgrade challenges, and our crisis of confidence?