Business confidence improves in the second quarter, but businesses still gloomy

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

Business confidence increased despite uncertainty about the election outcome and the absence of load shedding.

Business confidence improved in the second quarter, but businesses were still quite gloomy ahead of the election when the survey was done.

However, he says, we must wait and see the implications of coalition arrangement on policy and the business environment, as well as the sustainability of the improvement in the energy availability factor observed over the past two months before we can draw any link to the BCI in future. “On balance, sales volumes were better, largely driven by durable goods, with hardware retailers a notable outperformer. In contrast, sales volumes for non-durables declined as selling prices increased.

On the other hand, confidence among new vehicle dealers, who are arguably most sensitive to the prevailing high borrowing costs and subdued consumer demand, declined by 6 points to 10%. “Of concern and consistent with lower levels of business confidence, the growth in gross fixed capital formation contracted for the third consecutive quarter in the first quarter. The survey results point to some lift in activity in the second quarter.

For this to materialise, the new administration must accelerate the implementation of the structural economic reforms started in the previous administration to improve the business operating environment of the South African economy.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

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.

Here’s why MTN Business won the 2024 MyBroadband Award for Best Business ICT Solutions ProviderMTN Business boasts an extensive market presence, high client satisfaction, and a reputation for innovation.
Source: mybroadband - 🏆 11. / 67 Read more »

Empower Your Business with Vodacom 4U and Vodacom Business ProductsAre you a young entrepreneur aiming to carve your niche in the market? Or perhaps you oversee a small to medium-sized enterprise striving for growth and operational efficiency? Look no further than Vodacom 4U, your trusted ally in harnessing state-of-the-art solutions tailored to your business requirements.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Empower Your Business with Vodacom 4U and Vodacom Business ProductsAre you a young entrepreneur aiming to carve your niche in the market? Or perhaps you oversee a small to medium-sized enterprise striving for growth and operational efficiency? Look no further than Vodacom 4U.
Source: mybroadband - 🏆 11. / 67 Read more »

Business casual sneakers: what to wear for a smart office lookBusiness casual involves combining traditional business attire with casual components such as sneakers. Discover the best business casual sneakers.
Source: brieflyza - 🏆 10. / 68 Read more »

– An excellent business opportunity from a world-class brandCash Converters franchise owners can benefit from the company’s 40 years of global experience, 30-plus years of local experience, and its commitment to serving the needs of the South African consumer.
Source: BusinessTechSA - 🏆 24. / 61 Read more »