Load shedding adversely impacting manufacturing sector - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Data published by Statistics South Africa reflects the adverse impact of load shedding and muted global economic growth on the manufacturing sector.

A production line of German car manufacturer Audi, amid the spread of the coronavirus disease in Ingolstadt, Germany, June 3, 2020.A production line of German car manufacturer Audi, amid the spread of the coronavirus disease in Ingolstadt, Germany, June 3, 2020.and muted global economic growth on the manufacturing sector.The largest negative contributions came from food and beverages, wood and wood products, as well as petroleum and chemical products.

An Economist at Econometrix, Laura Campbell says the manufacturing production is not expected to pre-pandemic levels for years to come. Chief Economist at Antswisa Transaction Advisory, Miyelani Mkhabela says South Africa should take advantage of opportunities that exist in the electric vehicle export market to boost performance in the manufacturing sector.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in CA

Canada Canada Latest News, Canada Canada Headlines