South Africa private sector returns to growth but Iran war clouds outlook, PMI shows

South Africa's private sector has shown signs of recovery, with the latest Purchasing Managers' Index (PMI) indicating a return to growth. This positive development may enhance risk appetite among investors, potentially leading to increased capital flows into South African assets. However, the ongoing conflict in Iran poses significant geopolitical risks that could overshadow this growth, particularly affecting regional stability and energy markets. Traders will be closely watching upcoming PMI data releases for further insights into the sustainability of this growth amid external pressures.

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