South Africa Petrochemicals Report Q2 2013 - New Market Report
- BMI View: The South African petrochemicals market is flat at a time when export volumes are relatively poor and there is lacklustre manufacturing growth, but so far the local industry has managed to sustain growth in sales due to the high cost of imports. We believe that this advantage will be eroded over 2013 as margins come under pressure from rising costs, partly due to the weakening rand.
- The South African petrochemical industry is the largest in Africa,...
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