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Manufacturing Output Slows For 16th Consecutive Month

11 November 2020 – Manufacturing data for the month September picked up slightly from the previous month, but output is still below levels recorded last year, according to Stats SA. Manufacturing data from Stats SA showed that production declined 2.6% year-on-year in September 2020. This is the industry’s sixteenth consecutive month of year-on-year declines. Seven of …

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Cheap Imports Sour SA’s Sweet Silver Lining

9 November 2020 – WHEN PRESIDENT Cyril Ramaphosa, presenting the government’s Economic Reconstruction and Recovery Plan to Parliament recently, reflected that “even the darkest clouds have a silver lining”, South African sugar cane farmers could immediately identify with the practical realities of this proverb. Earlier this year, when the Covid-19 pandemic triggered stringent economic lockdowns, …

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Improvement Of SA Trade Conditions In Manufacturing Sector Is Pointing To A Rebound

6 November 2020 – The country’s economy is set for a rebound as trade conditions improve in the manufacturing sector, with expectations that the uptick could go for the medium term. The industry’s gauge, the Absa Purchasing Managers’ Index (PMI) rose above pre-pandemic levels in September. Absa said the improved sentiment pointed to the fifth …

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Food Price Inflation To Remain Subdued

4 November 2020 – THE AGRICULTURAL Business Chamber said yesterday it expected food price inflation to remain subdued for the rest of this year, although rising grain prices presented an upside risk. Agbiz chief economist Wandile Sihlobo said the organisation estimated that food price inflation could average about 4.5 percent year on year in 2020, compared …

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Bigger 2020/21 Summer Crop Planting Area Is Ultimately Good News For South Africans

3 November 2020 – The good news keeps pouring in for SA’s agricultural sector, at least from a production perspective. Figures released on October 28 by the Crop Estimates Committee (CEC), a government crop forecasting body, show that SA farmers intend to increase the area planting for summer grains and oilseeds in the 2020/2021 production …

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