South Africa’s business confidence slipped in the third quarter as sentiment among building contractors deteriorated due to shortages of some materials, loadshedding and planning delays, a survey showed on Wednesday. Moneyweb BusinessNews
South Africa’s business confidence slipped in the third quarter as sentiment among building contractors deteriorated due to shortages of some materials, load-shedding and planning delays, a survey showed on Wednesday. A survey by the Rand Merchant Bank and compiled by the Bureau for Economic Research showed the business confidence index slipped to 39 points in the third quarter, from 42 points in the previous three months.
“While on the face of it this is a disappointing outcome, the underlying picture is not as bad as the lower BCI implies,” according to the survey of about 1 200 senior executives at companies across the country. South African business confidence has been stuck in the low 40s since mid-2021 due a string of shocks ranging from labour strikes to war and floods.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ramaphosa blames July 2021 unrest, Covid and floods for unemployment and slow economic growthJoblessness and an economy in the doldrums are a result of the outbreak of Covid-19, the July 2021 unrest and floods earlier this year, says President Cyril Ramaphosa.
Read more »
Ramaphosa blames July 2021 unrest, Covid and floods for unemployment and slow economic growthJoblessness and an economy in the doldrums are a result of the outbreak of Covid-19, the July 2021 unrest and floods earlier this year, says President Cyril Ramaphosa.
Read more »
Bidvest Life records most claims in 27 years in 2021 due to Covid-19The insurer says an increase in Covid-19 infections and complications was behind the spike in claims
Read more »
Fintech market resilient after a banner year in 2021 - IT-OnlineGlobal fintech investment declined from $111,2-billion in the second half of 2021(H221) to $107,8-billion in H122 but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. According to the H122 edition of KPMG’s Pulse of Fintech, the Asia-Pacific region saw […]
Read more »
Audit dispute between RAF, AG puts Parly in oversight quandaryA dispute between the Road Accident Fund and the Auditor-General over its disclaimed audit outcome has put the brakes on Parliament scrutinising the fund’s dire financials.
Read more »