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Freight, Logistics Integration Key To Successful Intracontinental Trade

17 September 2021 – Although the African Continental Free Trade Area (AfCFTA) agreement aims to achieve an economically integrated continent, with successful trading among African countries, the Trade Research Advisory tells Engineering News that this will prove challenging in the short to medium term. “Government officials and politicians are understandably optimistic about the AfCFTA agreement, but it is …

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Impact Of Unrest On Manufacturing

16 September 2021 – The Q3 Absa Manufacturing Survey saw a slight dip in overall sector confidence, with business confidence falling five points to 41 during the quarter. “With continued uncertainty regarding Covid-19 lockdown restrictions during the quarter as well as the unrest experienced in KwaZulu-Natal and Gauteng, the drop in confidence is not too …

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Agribusiness Confidence In Third Quarter Is Off Record High But Remains Strong

14 September 2021 – The Local third quarter Agbiz/IDC Agribusiness Confidence Index (ACI) retracted back to 67 points in the third following a surge to an all-time high of 75 points in the second quarter of this year. Agricultural Business Chamber (Agbiz) chief economist Wandile Sihlobo, who compiles the index, said yesterday that the current …

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Current Accounts Post Record Surplus As Manufacturing Takes A Hit From Lockdown, Looting

10 September 2021 – Subdued sentiment on global markets kept the rand in the red yesterday, putting a slight dampener on the substantial widening in the current account balance of payments, which came in at the largest surplus ever of R343 billion in the second quarter of 2021, advancing from R261bn in the first quarter. …

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South African Economy Grows 1.2% In Q2, Beats Forecasts

8 September 2021 – South Africa’s economy grew 1.2% in the second quarter compared to the previous three months, beating analysts’ forecasts, statistics agency data showed on Tuesday. Economists polled by Reuters had forecast quarterly gross domestic product (GDP) growth of 0.7% in seasonally adjusted but non-annualised terms. In unadjusted year-on-year terms, GDP jumped 19.3% …

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South African Business Activity Stabilised In August After Unrest – PMI

6 September 2021 – South African private sector activity stabilised in August after a sharp downturn in July amid civil unrest and Covid-19 lockdown measures, despite widespread supply chain issues, a survey showed on Friday. IHS Markit’s Purchasing Managers’ Index (PMI) rose to 49.9 in August from an 11-month low of 46.1 in July, just …

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