AGP Executive Report
Last update: 7 hours agoLabour Market: Unemployment edged up to 33.7% in the third quarter, with 8.6 million people jobless. Finance, manufacturing and mining added jobs, but agriculture, construction and the informal sector shed workers. Pharmaceuticals: Aspen won approval in South Africa and Brazil for its generic injectable semaglutide, positioning the drugmaker to launch in markets opening to competition. Industrial Investment: NCP Chlorchem is expanding its Chloorkop plant with two new electrolysers, aiming to boost reliable supplies of chemicals used in water treatment, mining and manufacturing. Energy: Government plans to publish a determination for 5,200MW of new nuclear capacity before June 2027, after consultations and regulatory approvals. Manufacturing: The sector added 33,000 jobs in the quarter, even as output fell 3.5% year-on-year in September, underscoring the pressure on producers. Business Services: Industry leaders say South Africa’s business-process outsourcing sector must adopt AI strategically and move into higher-value services to stay competitive.
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