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Month: May 2021

Global Supply Chain Delays Affecting South Africa’s Manufacturing Sector

28 May 2021 – Advisory multinational PwC estimates that about a quarter of under-utilisation in large manufacturing facilities in South Africa during the first quarter of the year was associated with material shortages. Data by Statistics South Africa (Stats SA) shows that, in the first quarter, large manufacturing facilities were operating at 74% of capacity. Of the …

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Why South Africa’s Maize Prices Remain High While There’s A Large Harvest?

26 May 2021 – In regular seasons, a sizeable domestic maize harvest would ordinarily lead to a decline in prices. But South Africa’s 2019/20 and 2020/21 maize production seasons have not been ordinary. The second-largest maize harvest on record in the 2019/20 production season didn’t lead to a notable decline in prices as some might …

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Trade Data Seesaws Between Q1 Growth And CPI Drag

25 May 2021 – Strong quarter-on-quarter trade data from the retail, wholesale and automotive sectors all bodes well for GDP dynamics, Statistics SA has revealed. According to the Bureau for Economic Research, all three spending categories posted a quarterly expansion for the period January to March (Q1). Unfortunately, Consumer Price Inflation (CPI) figures showed a marked inflation …

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The Interest Rate Party Is Over: SA Reserve Bank’s MPC Likely To Hold Steady This Week

19 May 2021 – The South African Reserve Bank (Sarb) is likely to hold rates steady when its Monetary Policy Committee (MPC) wraps up its bi-monthly meeting this week. The rand has gained ground since the last MPC in March, and domestic inflation remains muted. But it will be focused on inflationary pressures down the …

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