Subscribe & Follow
Advertise your job vacancies
Trending
Jobs
- Production Planner Cape Town
- General Manager Operations (Zambia) Lusaka
- Process Technician - Plastics (Machine Setting) Cape Town
- Quality Control Supervisor Isando
- Engineer / Technician (Automation) Cape Town
- Group Head - HSE (Health, Safety & Environment) Lusaka
- Large Format Print Operator George
- Expediting Administrator - Engineering Sector Johannesburg
- Senior Debtors/Creditors Clerk Babelegi
Manufacturing 'dreary', exports offer hope
Conditions in the manufacturing sector have been described as "dreary" by the Manufacturing Circle's Quarterly Bulletin, which released its latest report this week. It says that South African manufacturers are "undergoing a lot of stress" at the moment.
The manufacturing sector is the second largest contributor to South Africa's gross domestic product. About 71% of manufacturers report that prevailing conditions are somewhere between 'weak' and 'fragile' in South Africa at the moment.
The bulletin showed that the growth in sales for manufacturers increased at a slower pace in the second quarter, on the back of a downward shift in global economies coupled with slower domestic demand. Employment levels among manufacturers were also down.
Meanwhile the chairman of the Manufacturing Circle, Stewart Jennings says that local manufacturers must look to other markets in Africa to boost their businesses as the locally-made products are better than those coming from China and the logistics costs of getting them to the market are lower.
Read the full article on www.businesslive.co.za.
Read the full article on www.iol.co.za.
Read The Manufacturing Circle's Quarterly Bulletin.
