November 2021

16 November 2021 – The supply chain and logistics markets are primarily following the pandemic trend, being drawn-out, and taking a lot longer than expected to recover, according to the 5 November edition of the Cargo Movement Update. It notes that, in the earlier stages, it had been anticipated that ongoing supply chain disruption would […]

15 November 2021 – Specialised consultancy firm the Don Consultancy Group (DCG) says the recent manufacturing production and sales data released by Statistics South Africa (Stats SA) indicate positive news for South Africa’s growth. However, chief economic Chifi Mhango warned that “South Africa must expand its African market footprint for its manufactured products to sustain the momentum”. According to Stats SA, total manufacturing production increased by 1.3% year-on-year in

SA’s export sector could be a catalyst for the country’s economic recovery and help to address growing unemployment, according to Justin Milo, executive head of Trade at Standard Bank South Africa. The IMF predicts that global growth will increase by 4.4% in 2022, while global trade is anticipated to grow by 6.5% over the same

11 November 2021 – China’s exports remained strong in October, a positive sign for an economy trying to weather power shortages and COVID-19 outbreaks. The country’s customs agency said Sunday that exports totaled $300.2 billion, up 27.1% from a year ago. That was down from a 28.1% increase in September but still healthy. Imports came in at

10 November 2021 – According to the latest Ctrack Freight Transport Index, the overall logistics sector continues to show huge growth with year-on-year increases of 26.4 percent. The quarter-on-quarter improvement in the index bodes well for the second quarter GDP growth at present. Economic activity was relatively strong in the second quarter, although some of

9 November 2021 – Although the global economy has lost some steam, growth is still strong, and the outlook remains positive for both 2021 and 2022. The G7 is expected to maintain above-trend growth over the coming quarters, and although the level of growth remains high, analysts’ estimates suggest it has peaked and will continue to moderate. The combination of decelerating growth and lingering inflation worries meant that

8 November 2021 – The South African wine industry calls on Government to join hands in rebuilding the sector towards a sustainable future by creating an enabling environment through sound policy decisions, infrastructure investment, stricter enforcement with regard to illicit trade, as well as financial support and relief. “Agriculture has been identified as one of

5 November 2021 – The whole South African fruit export sector is facing up to dramatic increases in container freight rates this season, with table grape exporters having to deal with this from the start of their new season in early November. Fruitnet has spoken to industry leaders across the export sector and most of

4 November 2021 – South African manufacturing activity expanded at a slower pace in October as a strike and power cuts weighed on companies in the sector, a survey showed on Tuesday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) fell to 53.6 points in October from a revised 54.7 points in September, remaining above the

3 November 2021 – The dominant message about SA’s agriculture in the past few months has been of a thriving sector, having grown by 13.4% year on year in 2020 and expected to grow a further 7.6% in 2021. The large harvests of 2020 improved farmers’ finances and allowed some to replace old machinery. Tractor