South African manufacturer sentiment rises to a two-year high in April

5 articles · Updated · Bloomberg · May 4

Absa Group's PMI climbed to 52.6 from 49 in March, the first reading above 50 since September 2025.
The increase was driven by stronger business activity and new sales orders, indicating factory conditions moved back into expansion territory.
The report said firms may be bringing orders forward before expected price increases linked to the Iran war, boosting near-term manufacturing demand.

Is South Africa's manufacturing boom a temporary illusion fueled by war, masking a looming collapse?

With the global economy on the brink of recession, can an $8 billion injection save South Africa's declining industrial base?