WATCH: The dire state of SA’s factories
Manufacturing activity got off to a poor start in the fourth quarter, with October’s purchasing managers index (PMI) reading dipped to 42.4 points — a 15 month low. StatsSA has also drawn a worrying picture of the state; its research shows that factories are using just 81% of capacity due to a lack of demand. Absa economist Miyelani Maluleke joined Business Day TV to discuss the data and what lies ahead for the embattled industry.
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