Rebound in South Africa’s manufacturing industry slows 22%

By bne IntelliNews June 20, 2010
Therebound in South Africas manufacturing industry has slowed 22% from Q1, withlittle improvement forecast for the next year, a Bureau of Economic Research(BER) survey reported, with the sector losing momentum in Q2. Export andrestocking stimulus appears to have fallen and domestic demand remains weak.The BER noted that manufacturing business confidence, which had fallen by apoint quarter on quarter, to 27 in Q2, is steady at about 20 points below itslong-term average. Domestic sales and orders continued to fall in Q2, as didexport sales and orders. Deloitte said that the 2010 World Cup could be a turningpoint for South Africa.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss