Featured

The latest Absa manufacturing Purchasing Managers Index (PMI) showed the steepest contraction in manufacturing activity since October last year. The PMI fell sharply from 49.9 points in January to 46.2 points last month. The decline was attributed to rolling power cuts that hurt sentiment in the manufacturing sector in the month.

However, activity in South Africa's private sector expanded for the first time in eight months in February, as output stabilised and new orders fell at a slower pace, according to IHS Markit's PMI report. Private sector PMI rose to 50.2 in February from 49.6 in January, going over the 50 point mark that separates expansion from contraction for the first time since June 2018.

Absa’s PMI measure for employment also fell, declining from 48.3 points in the previous month to 48.1 points. However, the mining and manufacturing industries, which are among the country's largest consumers of electricity, added a combined 79 000 jobs in the fourth quarter of 2018, according to Statistics South Africa.

Steel and Engineering Industries Federation of Southern Africa economist Marique Kruger said the data highlighted challenges facing the manufacturing sector, including the metals and engineering cluster of industries. “It is more disappointing to note that the deterioration in the headline PMI was underpinned by sharp decreases in the new sales orders and business activity sub-indices,” Kruger said.

In contrast, IHS Markit economist David Owen said that the company’s latest survey showcased the resilience of South African businesses in the midst of repeated setbacks. “Output stabilised despite load-shedding from Eskom affecting a number of businesses, while employment grew as firms tapped into the pool of unemployed workers,” he said in a statement.

The IHS Markit report found that new orders fell in February, but the rate of deterioration was the slowest in eight months of declines. Despite the improvement in the headline PMI, overall demand is still falling, the report show.

 

Credit: https://www.seifsa.co.za/meet-the-economic-and-commercial-team/

Magazines

African Fusion

AfricanFusionAfrican Fusion, the official publication of the Southern African Institute of Welding (SAIW), aims to provide up-to-date insight into welding technology and the welding industry.

Capital Equipment News

Capital Equipment News is dedicated to the application of equipment and modes of transport that are used in the mining, construction, quarrying, and transport industries.

Construction World

ConstructionWorldConstruction World was first published in 1982 and has grown to become a leader in its field, offering a unique mix of editorial coverage to satisfy the diverse needs of its readers.

Electricity + Control

ElectricityandControlE + C publishes innovative, technical articles that provide solutions to engineering challenges in measurement, automation, control, and energy management.

Lighting in Design

LightingandDesignLighting in Design is a glossy, upmarket publication aimed at lighting professionals. It is the only B2B magazine in SA that is dedicated solely to the subject of lighting.

MechChem Africa

MechChemJanuary2017cover MechChem Africa supports African engineering and technical managers across the full spectrum of chemical and mechanical disciplines.

Modern Mining

ModernMiningEstablished in 2005, Modern Mining is one of SA's leading monthly mining magazines, noted for the quality and accuracy of its writing and the breadth of its coverage.

Modern Quarrying

ModernQuarryingModern Quarrying is firmly entrenched as a leading industry-specific magazine. It focuses on promoting the science and practice of quarrying and processing in southern Africa.

Sparks Electrical News

SparksElectricalNewsReadable and informative, Sparks Electrical News is the newspaper for those involved in installing and maintaining electrical supplies and equipment.