An index tracking business conditions in South Africa’s manufacturing sector edged up last month, but purchasing managers remained downbeat as new sales orders slumped. Moneyweb Manufacturing
An index tracking business conditions in South Africa’s manufacturing sector edged up last month, but purchasing managers remained downbeat as new sales orders slumped. The gauge, which measures expected business conditions in six months’ time, rose to 49.8 from 48.1 in March, Absa Group said Wednesday. “Despite the improvement, the index failed to edge back above the neutral 50-point mark as business activity and new sales orders worsened relative to March,” the lender said.
” South Africa is suffering its worst bout of electricity rationing yet, with state-owned utility Eskom Holdings implementing rolling blackouts — locally known as load-shedding — on more than 200 days last year and almost every day so far in 2023. The outages, which are needed to protect the grid from collapse when Eskom’s plants can’t meet demand, are curbing activity and demand in Africa’s most industrialised economy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africans Evacuated from War-Torn Sudan Return Home - South African News Briefs - May 1, 2023
Read more »
Medal contenders give South African athletics some hope again | The CitizenTheCitizenSport: Now that the domestic track and field season has ended, we have a better idea of what to expect from the national team at the August World Athletics Championships in Budapest.🎖️🏃 Full story here➡️
Read more »
'It's unreal': South African woman a millionaire after winning UK radio competition | LifeOn Friday, a South African woman living in the UK, became Britain's newest millionaire - on her 40th birthday. | News24Arts
Read more »
Sigh of relief as South African evacuees returned home from Sudan - SABC NewsAll South African evacuees, who had indicated that they wanted to come back home, have returned from Sudan. About 53 South Africans, but also Zimbabwean and Lesotho nationals were rescued from the war-torn country.
Read more »
South African Citizens Return HomeInternational Relations and Cooperation Minister, Dr Naledi Pandor, has welcomed back home the remaining group of South Africans who were evacuated from conflict-stricken Sudan.
Read more »