South Africa’s machinery and equipment industries have recently come under huge pressure. Falling demand after the 2008 financial crisis and rising energy costs have harmed the sector. These trends are concerning as the sector employs 10% of the country’s total manufacturing workforce.
Swedish clothing retailer H&M is considering sourcing some of its merchandise from local suppliers, with teams from abroad in the country to assess potential partners, a spokesperson said on Tuesday.
South Africans are spending more money on fast-food and coffee this year than they were in 2017, according to a survey carried out by Stats SA. There has been a notable 7.1% increase in sales in fast-food outlets in the country and a 7% increase of revenue at coffee shops and restaurants.