This indicates that manufacturing activity picked up somewhat in December following the slowdown in the preceding months. The index, however, remains well below the peak of 60 reached in July last year.

218

Activity has now contracted for two consecutive months, albeit mildly. As noted in the January release, the sustained strength of the rand exchange rate probably explains much of the pressure on manufacturing.

190

The index, however, remains well below the peak of 60 reached in July last year.

178

The decline in the price index was supported by the further currency appreciation to levels below R6.30/US$ at year-end, as well as the moderation in local energy prices.

150

Although the buoyant growth and demand conditions in the wider economy bode well for prospects in the sector, sustained currency strength has some dampening effect on the manufacturing sector's growth trajectory.

147

However, given the anticipated revenue overrun, he is likely to be forced to reduce all marginal income tax rates.

130

The decline in the price index was supported by the further currency appreciation to levels below R6.30 per US dollar at year-end, as well as the moderation in local energy prices.

110