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.

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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.
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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.

 

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