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Aluma Capital (Pty) Ltd is a registered Financial Services Provider (FSP 46449) in terms of The Financial Advisory and Intermediary Services Act (37 of 2002)
September 6, 2024
September 6, 2024

Manufacturing Outlook

The manufacturing sector has faced significant pressure in recent months due to electricity supply constraints and low confidence levels. However, this situation has improved with the formation of the Government of National Unity (GNU), which has boosted business confidence while Eskom’s turnaround strategy started to bear some fruit and alleviated some electricity supply issues.

Latest GDP figures indicate that manufacturing output increased in the second quarter, which is encouraging news. Despite monthly contractions in May and June 2024, there are signs of a potential turnaround as manufacturing shows tentative recovery ahead of the release of data for July 2024.


Frederick Mitchell

Frederick Mitchell is an economist with 16 years of experience, specializing in the intersection of politics, economics, and finance on both domestic and international levels.

His extensive background spans the private sector, where he worked in equity and investment, as well as the public sector, where he served as a senior economist at SARS.

As part of the Aluma team, Frederick leverages his expertise to identify sectors with growth potential and assess those with higher risk, providing valuable insights and strategic advice.


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Weekly Market Overview

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