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South Africa’s manufacturing sector surges to 10-month high on export boost

The March 2025 ABSA Purchasing Managers’ Index shows tentative signs of recovery in South Africa’s manufacturing sector, with notable rebounds in business activity and export sales, despite the sector remaining in contractionary territory overall. But persistent headwinds such as load-shedding, port inefficiencies, and shaky South Africa-United States trade relations continue to weigh on employment, business confidence, and broader momentum. To unpack the latest PMI, CNBC Africa is joined by Sello Sekele, Economist at ABSA CIB.
Tue, 01 Apr 2025 11:48:02 GMT

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