SPONSORED | Nedbank is a trusted partner to its business clients as it helps them navigate load-shedding and other challenging economic conditions.
24 July 2023 - 10:37The manufacturing sector has been one of the hardest hit in recent years as it struggles to address a multitude of challenges including the persistent power crisis, disrupted global supply chains, inflation, rising fuel and energy prices and logistics.
Most manufacturing businesses have tried to work around load-shedding, but anything above level 4 is crippling for many businesses, he says. “If manufacturers are constantly not able to meet production outputs, this could lead to disinvestment in the country and severe impact on the economy.” Singh says many local manufacturers remain reliant on local and global supply chains and efficient road networks and ports. “SA’s largely non-functioning rail network means that more freight is being transported by road, which is expensive. Add to this clogged and inefficient ports, and it’s clear that logistics has become an obstacle. The more expensive it is to transport goods — and the longer it takes — the less competitive an economy becomes.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sponsored Content: Your investments are suffering because you’re not asking the right questionsSouth Africans are constantly bombarded by negative news. Whether it’s the continued pressure resulting from high inflation and multiple repo rate increases over the last year or seeing recurring instances of government own goals, there seems to be less we can rejoice in every day. All against the backdrop of a struggling economy.
Read more »
Standard Bank wins top Euromoney AwardsSPONSORED | Africa’s Best Bank for Wealth Management is one of three accolades StandardBankZA won at the Euromoney Awards for Excellence 2023.
Read more »
Sponsored Content: Empowering tomorrow’s leaders: Unicaf’s commitment to accessible tertiary education in Africa and beyondUnicaf is an innovative organisation dedicated to making tertiary education more accessible to young people through strategic partnerships with prestigious higher education institutions.
Read more »
Dembele makes decision on' €200m offer' from Al Nassr | KickOffFC Barcelona star Ousmane Dembele has reportedly made a decision on a lucrative offer from Saudi Arabian side Al Nassr. Read more ▶️
Read more »
Asia shares on tenterhooks before earnings, central-bank meetingsChina could offer more stimulus measures, though investors have been underwhelmed by Beijing's actions.
Read more »