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Agri Industry On High Alert

14 July 2021 – The agriculture industry is on high alert as violence and lawlessness continue to sweep the country. “It’s the peak citrus production season, with large volumes of citrus to the value of approximately R592 million having to be transported weekly to the Durban harbour,” said Agri SA president, Pierre Vercueil. “Any disruption …

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Manufacturing Output Up 35% Y/Y In May

13 July 2021 – Manufacturing output increased by 35.3% year-on-year in May, Statistics South Africa (Stats SA) reports. The largest contributors to the increase in output were motor vehicles, parts and accessories, growing by 215% and contributing 8.9 percentage points; and basic iron and steel, nonferrous metal products, metal products and machinery, growing by 42% year-on-year and contributing eight percentage points. Next …

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SA’s Gross Reserves Stable, Boosted By A Rise In Foreign Exchange

8 July 2021 – South Africa’s liquidity position remained stable in June as the country’s gross reserves increased marginally, though gold reserves slipped. The SA Reserve Bank (SARB) said yesterday that the country’s gross reserves ticked up 0.6 percent to $54.47 billion (about R778bn) in June, from $51.14bn in May. SARB said the gross reserves …

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Indian Exporters To Explore Opportunities For Increased Trade With South Africa

7 July 2021 – Opportunities to increase and diversify Indian exports to South Africa, an export market which has grown four times in the last one and a half decades, will be discussed in detail by senior officials from the Indian Consulate in Johannesburg this week in an online interaction with Indian businesses wanting to …

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