Manufacturing activity falls to levels last seen during July 2021 riots
Load-shedding and concern about global growth were the main reasons behind July’s poor activity
01 August 2022 - 12:20
UPDATED 01 August 2022 - 18:52
Manufacturing activity fell sharply in July reaching levels last seen in the same month in 2021 when the looting and unrest in KwaZulu-Natal and some parts of Gauteng hobbled production.
Economists said domestic shocks including the April floods and electricity supply constraints, as well as weakening global growth, are the reasons for the sharp decline in activity...
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