TFG commences Section 189 process
Head office roles could be affected, but questions linger about manufacturing units.
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Head office roles could be affected, but questions linger about manufacturing units.
The worst of the recent oil price shock has likely passed, barring any further upsurge in global energy costs.
The focus of this year's indaba is on strengthening industrial growth, improving competitiveness and unlocking investment across the continent.
Data revealed that the slight improvement mostly reflects ongoing supply disruptions, not stronger demand.
Prevailing issues such as shipment delays, localised electricity disruptions, and weak demand continue to hamstring the sector.
South Africa’s manufacturing PMI is still struggling, and although it increased somewhat, it is expected to remain sluggish.
While economists do not expect manufacturing to pick up soon, they point out that pricing is at least positive.
Manufacturing output increased in September, exceeding Bloomberg’s forecast of a decline.
The manufacturing sector’s performance remains under pressure.
Nkangala and Wucheng share economic similarities, including mining, industry, agriculture, energy and manufacturing.