Noluthando Mthonti-Mlambo speaks to Itani Magwaba, Chief Director responsible for Structrural Industry Stats at Stats SA about their manufacturing industry report. 

Despite government’s efforts to industrialise the country’s economy, data released by Statistics South Africa shows that the manufacturing industry’s contribution to economic activity has eroded since 2005. Profits for the manufacturing industry declined from 7% in 2005 to 2% in 2021. Stats SA further notes that over 300 000 jobs were lost in the sector during the sixteen-year period.

Noluthando Mthonti-Mlambo speaks to Itani Magwaba, Chief Director responsible for Structrural Industry Stats at Stats SA about their manufacturing industry report. 
Despite government’s efforts to industrialise the country’s economy, data released by Statistics South Africa shows that the manufacturing industry’s contribution to economic activity has eroded since 2005. Profits for the manufacturing industry declined from 7% in 2005 to 2% in 2021. Stats SA further notes that over 300 000 jobs were lost in the sector during the sixteen-year period.

POWER Business is on every week with Nosipho Radebe, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.

POWER Business is on every week with Nosipho Radebe, offering a wrap-up of the day&rsquo;s business news, analysis of market trends and advice on all money-related matters. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.

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POWER Business is on every weeknight, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. Tehillah Niselow interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.

POWER Business is on every weeknight, offering a wrap-up of the day&rsquo;s business news, analysis of market trends and advice on all money-related matters. Tehillah Niselow interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.