Ina Opperman
Business Journalist
4 minute read
9 Dec 2021
5:07 pm

Business confidence for manufacturing dips, but there is hope

Ina Opperman

Is Covid-19 and load shedding killing business confidence in the manufacturing industry?

Image: iStock

Business confidence in South Africa's manufacturing sector has taken a significant dip, but there is hope that volumes will improve, along with prices. The risks regarding the fourth wave of Covid-19, as well as uncertainty brought about by load shedding are worrying local manufacturers and making them lose confidence, despite positive news about domestic and export sale volumes and fixed investment levels. According to the Absa Manufacturing Survey for the fourth quarter of 2021, business confidence dipped by three points to 38 during the quarter. This was the second consecutive quarterly decline. The quarterly survey covers approximately 700 business people...