Minister says landlocked industrial hubs make efficient rail and port system even more crucial
Decline can probably be ascribed to poor profitability
Markets do not necessarily focus on the longer term and where growing guaranteed risks can crystallise
Other data coming out this week is the BER retail survey on Monday
Stats SA data provides further clues on outlook for economy
SA Chamber of Commerce and Industry’s trade survey finds 69% of respondents said trade conditions in February were worse than a year ago
Load-shedding remains key driver of food inflation as many food producers use generators
Business Day TV speaks to Wandile Sihlobo, chief economist at the Agricultural Business Chamber of SA
FNB senior economist Siphamandla Mkhwanazi says results suggest a similar performance is on the cards for the first quarter of 2024
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Load-shedding and persistent rail inefficiencies are likely to continue to weigh on production
Domestic structural inefficiencies will continue to place a lid on export volumes
All five categories of business confidence readings are depressed
Business Day TV speaks to RMB economist Siobhan Redford
GDP up a marginal 0.1%, with constraints likely to undermine growth for most of the year
Bank expects the weak house price trajectory to continue for a little while longer
Also in spotlight is the current account, business confidence index and foreign exchange reserves
But overall, factory activity is stuck in a low gear, and not enough jobs are being created
Hard-pressed buyers turn from premium and medium cars to cheaper brands and finance options
Exports slump 12.8%, pointing to the major headache caused by decrepit Transnet