Business confidence remained under considerable strain in July from the ongoing practice of putting political appointees in charge of municipalities and state-owned enterprises , the SA Chamber of Commerce and Industry says.
“We need to start asking the question ‘do we have a proper selection platforms for non-executive boards on state-owned enterprises?’,” said Mukoki. The commission conducts rigorous, often gruelling public interviews of judicial candidates, ultimately presenting its recommendations to the presidency. July saw the IMF downgrade SA's 2019 growth forecast to 0.7% from 1.2% previously, although Sacci noted that the Reserve Bank’s 25 basis-point cut during the month was a positive.
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