2 May Absence of load-shedding brightens outlook for business

Activity in South Africa's manufacturing sector has picked up for the first time in 3 months. The seasonally adjusted Absa Purchasing Managers Index has come in 2.2 index points higher at 47.2 in April. The up tick is due to an improvement in sentiment as worries about power cuts eased but while activity is at its highest in 4 months it's still below the 50 point mark.

Economist at Absa Miyelani Maluleke joined Business Day TV to discuss if this improvement, albeit at a fairly depressed level, could be the start of the turnaround for the sector.
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