The original article can be found here.
Article highlights:
- An index tracking business conditions in South Africa’s manufacturing sector edged up last month, but purchasing managers remained downbeat as new sales orders slumped.
- The gauge, which measures expected business conditions in six months’ time, rose to 49.8 from 48.1 in March, Absa said.
- South Africa is suffering its worst bout of electricity rationing yet, with state-owned utility Eskom implementing rolling blackouts —locally known as load-shedding — on more than 200 days last year and almost every day so far in 2023.
