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Manufacturing News

IDC has already spent R800m to aid distressed firms, confirms R6,1bn bail-out budget

By: Terence Creamer     2nd July 2009 The Industrial Development Corporation (IDC) confirmed on Wednesday that it had already spent more than R800-million to assist "distressed" companies affected by the domestic economic slowdown, and confirmed that it had set aside a total of R6,1-billion for the next two years to assist others... 

Worst of factory recession may be over, but positive growth not on the cards soon

By: Chanel de Bruyn     1st July 2009 The Kagiso Purchasing Managers Index (PMI) rose for a second consecutive month to 37,9 points on a seasonally adjusted basis in June, compared with 37,3 points in May. The index, which was a key measure of manufacturing activity, had, in May, shown its first increase since January with sponsors... 

Manufacturing still in dire straights, but worst could be over - BER

By: Creamer Media Reporter      18th June 2009 South Africa’s manufacturing sector remained in “dire straights” during the second quarter, the Bureau for Economic Research (BER) on Thursday, but noted that the worst of the contraction could be over. The BER said that manufacturing business confidence had dropped in the quarter, as nine of... 

SA manufacturing output likely to shrink by 11,7%, says analyst  

By: Chanel de Bruyn     7th April 2009 The ability of South Africa’s manufacturing industry to become more competitive would be key for its output levels to return to the levels it had achieved between 2004 to 2007, an analyst said on Tuesday. Efficient Group economist Doret Els said she expected the manufacturing industry’s... 

Manufacturing business confidence plummets

By: Mariaan Webb     20th March 2009 Business confidence in the manufacturing almost halved in the first quarter of 2009, as the global economic crisis exacerbated a domestic economic slowdown, bringing the manufacturing sector to its knees, a survey revealed on Friday. Bureau for Economic Research (BER) economist Christelle... 

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