ABOUT 16% of the economy is driven by the manufacturing sector. However growth in this sector has been slowing down during recent quarters and business confidence has fallen. The Standard Bank Group believes the manufacturing sector will benefit by domestic demand and global growth. This should be furthered by infrastructural development, the expanding economy and growing middle class. The rand’s volatility, uncertainty in the global markets and the lack of export incentives will, however, limit the manufacturing sector’s growth.
Volatile rand will limit manufacturing sector growth
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