Manufacturing activity surprises positively as firms cut dependence on Eskom

Production activity increased 3.4% year on year in April, coming in better than market forecasts of 2.5%

08 June 2023 – 17:17

SA manufacturing production surprised in April, coming in better than expected and reaching the first annual gain in six months.

The improvement in activity suggests manufacturers are becoming progressively more resilient to the effects of load-shedding, as companies reduce their energy dependence on embattled Eskom…

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