Sentiment among South African manufacturers plunged to the weakest level since lockdowns were implemented during the Covid-19 pandemic, as export sales remain weak and the manufacturing industry struggles to gain traction.
Read: What the October PMI data tells us about the economy
Absa Group’s Purchasing Managers’ Index, compiled by the Bureau for Economic Research, fell to 42 in November from 49.2 in the prior month, the Johannesburg-based lender said in an emailed statement on Monday. That places the PMI below the 50 level — which indicates an expansion — for a second consecutive month and at the lowest…
Role in Democracy: The media plays a crucial role in South Africa’s democracy,
holding power to account and informing the public.
Lincoln Rider
Australia: You have two cows. Upon further inspection, you realize that one is a koala, the other a kangaroo.
New York Mood
Fun South African Fact: It’s a holiday destination like no other! Looking for a beach holiday? South Africa has sunshine, sea and golden beaches. Seeking a safari adventure? South Africa is home to improbable wildlife and game reserves. Keen for an escape into wine country? South Africa’s Cape Winelands are waiting to be explored! On top of all of this, you can discover cosmopolitan cities and quaint seaside towns. Or, drive through breathtaking mountain passes and travel along dusty, desert roads.