Load-shedding is killing South African manufacturing

Hanno Labuschagne

Senior Member
Staff member
Joined
Sep 2, 2019
Messages
951
Load-shedding is killing South African manufacturing

Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February as the prospect of continued power cuts and concern about the global economy weighed on confidence.

That makes the recovery of an economy that the government estimates expanded at the slowest pace in 10 years in 2019 even more challenging.

Absa Group Ltd.’s Purchasing Managers’ Index, compiled by the Bureau for Economic Research, dropped to 44.3 from 45.2 in January, the Johannesburg-based lender said in an emailed statement Monday. That’s the lowest level since August 2009. The median estimate of three economists in a Bloomberg survey was 45.1.

[Bloomberg]
 

Death_By_Ebola

Well-Known Member
Joined
Aug 18, 2016
Messages
170
Wash. Rinse. Repeat.
MyBB formula for staying at the front of respected online publications.
 

LCBXX

Honorary Master
Joined
Apr 11, 2006
Messages
11,785
We get it. Loadshedding is fscking everyone except politicians.
 

envo

Expert Member
Joined
Jan 14, 2014
Messages
3,063
You don't say? Weird. I thought we could just loot and have parties. Who knew basic things like electricity, water and sanitation needed money to be maintained/upgraded and will affect the economy?

OH WAIT, EVERYONE WITH 3 ****ING BRAINCELLS
 

Hephaestus

Forging
Joined
Feb 24, 2016
Messages
30,385
No ****, we had to spend R500k on a generator to run our manufacturing workshop.
Thanks cANCer for destroying the country in 25 years, something that took 100's of years to build
 
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