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Strong rand, strikes, cheap imports hit manufacturing

The manufacturing sector is losing momentum thanks to the strong rand, cheap imports and disruptive industrial strike action according to figures released in the Manufacturing Circle's Manufacturing Bulletin, reports Business Live.

It shows that 44% of chief executives of manufacturing companies rated conditions as "fragile" or "weak" for the next six months. The manufacturing sector grew by just 0,2% in April and 0,4% in May compared with the same months last year.

Read more: Manufacturers wary on short-term outlook.

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