Business sentiment took a knock in the second quarter after the worst floods in three decades struck KwaZulu-Natal in April, causing damage to infrastructure estimated at R25bn.
The manufacturing sector in particular was caught up in the eye of the storm, as the Toyota SA plant was forced to temporarily shut down, which consequently affected production and exports...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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