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The SA Chamber of Commerce and Industry says it's important that South Africa encourages and nurtures its business and economic relations with established trade and investment partners as business confidence dips.
South African mining production grew at a higher-than-expected rate year on year in April and halted 14 consecutive months of annual decline. Along with the manufacturing data for April, this points to a decent start to the second quarter (Q2) after the economy narrowly dodged a recession in Q1...
Activity in the manufacturing sector is expected to remain volatile in the months ahead, especially if electricity supply deteriorates in winter in spite of production rebounding at the beginning of the second quarter.
South Africa’s rand rallied to – wait for it – below 19/$ on Thursday after the central bank said the current account deficit surprisingly narrowed.
Despite record levels of load shedding, all energy-intensive sectors in the economy – including mining, manufacturing and construction – grew in the first quarter of this year, new GDP numbers show.