Africa: South Africa Factory Activity Contracts On Mozambique Disruptions

TLDR

• South Africa’s factory activity declined for the third straight month in January
• Trade disruptions with Mozambique, jet fuel shortages, and steel plant closures dampened business sentiment
• Despite the downturn, business expectations for six months ahead remain positive at 64.9

South Africa’s factory activity declined for the third straight month in January, as trade disruptions with Mozambique, jet fuel shortages, and steel plant closures dampened business sentiment. Despite the downturn,…