Data released by Absa reflects a significant rise in the value of online transactions in 2024.
The MEDTECH industry in South Africa has been identified as a potentially important contributor to economic growth and employment.
“In our group, we’ve seen petrol sales down 5-6% and diesel sales up around 3-4%.” – Sean Walsh, KAL Group CEO.
But the lack of load-shedding means fewer disruptions to business operations and supply chains that may signal recovery lies ahead.
“Our auto sector continues to grow despite a gloomy global economic outlook.” – Ramaphosa
Business leaders have identified inflation, macroeconomic volatility and social inequality as threats to their companies.
The reading of the purchasing managers’ index is the second straight month of expansion in factory activity.
Malawi is the latest to sign up to make the Tripartite Free Trade Agreement a reality.
South Africa’s dismal outlook is out of step with the region.
Growth was mainly driven by a strong upturn in high-tech manufacturing, including EV charging stations.
As of September 2023, the African country's total publicly guaranteed debt reached $17.7 billion.
But the price of different grades of petrol is expected to rise.
