A gauge measuring South African manufacturing sentiment rose to the highest level in almost 15 years in February though its advance could be short-lived.
A gauge measuring South African manufacturing sentiment rose to the highest level in almost 15 years in February though its advance could be short-lived, with input costs likely to rise due to high international oil prices and geopolitical tensions.
The main index has now been above 50, the level that signals expansion, for seven consecutive months. This suggests conditions in an industry hard-hit by stop-start coronavirus lockdown restrictions, global supply chain disruptions and the worst civil unrest in South Africa since the end of White-minority rule in 1994 are continuing to normalize.
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