SA business mood recovers, faces Ukraine war risks | Fin24

South African business confidence climbed in the first quarter as the negative impact of the coronavirus pandemic, power cuts and a three-week strike in the steel and engineering industry began to wane. The respite may be temporary because of supply shocks caused by the war in Ukraine.

The advance was driven by improvements in three of the five industries the index tracks - the vehicle, wholesale and manufacturing sectors, which were negatively impacted by the strike and intermittent electricity outages. "Improved supply made for increased sales, but even so dealers could not fully satisfy demand as stocks remained below satisfactory levels," RMB said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Russia’s invasion of Ukraine will impact South Africa’s property market: FNBWhile it is too early to say how Russia’s invasion of Ukraine will impact South Africa’s property market in the long term, analysts at FNB have warned that the sector is likely to be hit by the obvious short-term economic factors, such as higher inflation rates and interest rate hikes.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

South Africa’s business mood recovers – but now faces Ukraine war risksSouth African business confidence climbed in the first quarter as the negative impact of the coronavirus pandemic, power cuts and a three-week strike in the steel and engineering industry began to wane.
Source: BusinessTechSA - 🏆 24. / 61 Read more »