Doing business with SA
The South African economy grew by 1.4% in the third quarter according to data from
Statistics SA released this week – and analysts say the recovery is expected to gain
moderate momentum in the final quarter of 2014.
Over the past three decades, South Africa's tool, die and mould-making sector has been in decline and its qualified toolmakers are ageing. This has a knock-on effect on the entire manufacturing sector, driving the government and the private sector to work together on initiatives to boost skills.
The African continent is experiencing significant growth in mobile money transaction and payment solutions, despite some regulatory bodies being slow in adapting financial inclusion policies as required by their governments.
Latest results from the Kagiso Purchasing Managers’ Index (PMI) indicate South Africa’s
manufacturing sector is rallying. The index rose for a third consecutive month in October, its
best level since November 2013.
The Ferrero Group’s hazelnut operations in South Africa’s KwaZulu-Natal province are
promising to create jobs and boost local exports, making the country a strong
contender in the hazelnut market.
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