South Africa Petrochemicals Q1 2020
South African petrochemicals consumption growth has been underwhelming in recent years, the country lacks asignificant upstream resource relative to competitors in emerging markets and slow investment growth will undermine thecompetitiveness of the country's manufacturing chain. While we anticipate a recovery in the second half, it will be tenuous andfaced with considerable negative risk. Sporadic industrial actions, the recent more 'investor-unfriendly' policy proposals and highoperating costs will temper firms' enthusiasm for operating in the country in the coming quarters.
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