AN index tracking expected business conditions in six months’ time for the South African manufacturing industry jumped to the highest level since February 2022, on easing political uncertainty and expectations of improving demand.
The gauge rose to 68.1 in June from 57.6 a month earlier, Absa Group said on Monday.
After more than a month of uncertainty over who would be in a coalition government formed by the African National Congress after it lost its parliamentary majority in May 29 elections, President Cyril Ramaphosa on Sunday announced a new cabinet. – .moneyweb.co.za