Business confidence in South Africa falls again | City Press

  • 📰 City_Press
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Business confidence dipped slightly in May, largely because of load shedding, which continues to be a drain on the domestic economy

. The SA Chamber of Commerce and Industry , which released details of the business confidence index on Wednesday, found that developments regarding South Africa’s controversial position in the Ukraine war featured prominently in May.

Threats of losing out on lucrative trade agreements may dent an important element of South Africa’s economic relationships and wellbeing. This calls for government to ease speculations and remove lingering uncertainties. “During the first four months of 2023, South Africa had a trade deficit of R3.5 billion compared to a trade surplus of R78 billion for the corresponding period of 2022.”The substantial swing from a surplus to a notable deficit year-on-year reflects not only the effect of global trade on South Africa but also indicates the economic sensitivity of South Africa to international trade relations.

Meanwhile, seasonally adjusted mining output, which aligns with the official calculation of real quarterly GDP, increased by 1.8% month-on-month in April following an upwardly revised 6.9% month-on-month increase in March. Underpinning April’s expansion were five of the 12 mining divisions, including gold, which grew strongly by 27.4% annually and contributed 3.5 percentage points to the annual growth number. Followed by coal which, despite prices having tapered down, expanded by 12.5% year-on-year.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 7. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Business Talk – Sage MEA VP Pieter Bensch discusses the top SMB trends in South AfricaIn this Business Talk interview, Pieter Bensch – Executive Vice President for Sage in Africa and the Middle East – talks about Sage’s research into South African SMBs.
Sumber: BusinessTechSA - 🏆 24. / 61 Baca lebih lajut »

Business Talk – Sage AME, EVP Pieter Bensch discusses the top SMB trends in South AfricaIn this Business Talk interview, Pieter Bensch – Executive Vice President for Sage in Africa and the Middle East – talks about Sage’s research into South African SMBs.
Sumber: BusinessTechSA - 🏆 24. / 61 Baca lebih lajut »

South Africa seeks help from China to safeguard supply of solar panels | BusinessElectricity Minister Kgosientsho Ramokgopa is travelling to China this week to meet some of the country's biggest solar equipment manufacturers to make it easier for SA to import panels.
Sumber: News24 - 🏆 4. / 80 Baca lebih lajut »