Manufacturing - boosted by weak rand - doing 'a lot better' than expected

The Barclays Purchasing Managers’ Index (PMI) continued its recent upward move and reached 54.9 points last month from 50.5 in March.

It is now more than 10 points above the level recorded three months ago.

A level above 50 indicates expansion in manufacturing activity.

The Money Show’s Bruce Whitfield interviewed Miyelani Maluleke, Economist at Barclays Africa.

Scroll down for quotes from the audio below.

This was a lot better than the market expected.

Miyelani Maluleke, Economist at Barclays Africa

Manufacturing is finally responding to the weak rand.

Miyelani Maluleke, Economist at Barclays Africa

China is showing sign of stabilisation.

Miyelani Maluleke, Economist at Barclays Africa

We expect growth of around 6.5% in China this year.

Miyelani Maluleke, Economist at Barclays Africa

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : Manufacturing - boosted by weak rand - doing 'a lot better' than expected


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Sibanye-Stillwater to buy Lonmin

Sibanye-Stillwater to buy Lonmin

The Money Show’s Bruce Whitfield interviews Sibanye-Stillwater Chief Executive Officer Neal Froneman.

Trends that’ll dominate the business environment in 2018

Trends that’ll dominate the business environment in 2018

It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.

What you must learn from the Steinhoff and EOH share price collapses

What you must learn from the Steinhoff and EOH share price collapses

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

How to massively boost SA's economic growth (AND create large numbers of jobs)

How to massively boost SA's economic growth (AND create large numbers of jobs)

According to McKinsey, these five sectors of the economy could massively boost GDP growth in SA and create large numbers of jobs.

How South Africa worked (and how it failed) over the past 20 years

How South Africa worked (and how it failed) over the past 20 years

We interview Dr Greg Mills, co-author of "How South Africa Works", about his book on SA’s economic achievements and challenges.

How I became CEO at 29 (and how I’m conquering Africa with SA-made furniture)

How I became CEO at 29 (and how I’m conquering Africa with SA-made furniture)

Bakos Brothers CEO Ryan Bakos on the challenges of running a business with family and taking over Africa with SA-made goods.

Popular articles
Van Damme: De Lille has until Monday to respond to maladministration claims

Van Damme: De Lille has until Monday to respond to maladministration claims

The DA has suspended Patricia de Lille from party activities but Eusebius McKaiser says its statement 'is clear as mud'.

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

Connor Weber, fell unnoticed into a bin of water and drowned.

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.

The Steinhoff Story: from humble beginnings to billions

The Steinhoff Story: from humble beginnings to billions

Financial Mail editor Rob Rose chats to Eusebius McKaiser about how Steinhoff became the retail giant we know, before the fall.

Zuma order to pay costs of failed legal suit, a damning indictment: Law expert

Zuma order to pay costs of failed legal suit, a damning indictment: Law expert

Law professor at Wits says the President has now been warned to consider his options very careful when playing delaying tactics.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

How businessman Max Lichaba struck gold with his jewellery company

How businessman Max Lichaba struck gold with his jewellery company

Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.