A fifth of factories are standing idle
SA manufacturing not using 19.7% of capacity as economies stutter
01 December 2019 - 00:05
A fifth of SA's current manufacturing capacity is unused - underscoring the many challenges that face a sector that is critical to SA's faltering economic growth.
The last time that this level of underutilisation was recorded was four years ago when growth in the industry was flat amid a slowdown in agriculture due to drought, and a boost in mining due to increased platinum group metal production. The economy grew 1.3% that year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.