There is a spate of data that underscores South Africa’s current woeful state of affairs. The latest is from the South African Chamber of Commerce and Industry, which this week said its Business Confidence Index averaged 86.5 in 2020, the lowest annual average since it was launched in 1985, just as the apartheid state was making its last iron-fisted stand.
It is instructive to compare South Africa’s business confidence trajectory with that of the Organisation for Economic Co-operation and Development , to see how the local scene is doing on the global stage. If domestic business confidence has been shattered, an economy can hardly expect to attract significant amounts of foreign investment.
Confidence mirrors mutual trust between business and labour, diminishing the prospect of protracted strikes. Confidence comes from the simple act of turning a light on and expecting the power company to do its bit – which is not asking for much unless, of course, the utility in question is Eskom. Restoring confidence will mean the return of reliable power supplies. It will mean reasonable expectations for return on investment.
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BUSINESS MAVERICK 168: Partners, have that tricky, romantic chat about your financesIt’s hardly the most romantic thing to do on Valentine’s Day with your partner, but discussing your money situation as a couple could be the saving of your relationship. Think of it as bonding and building trust.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK 168: Driving in times of Covid lockdown: Uber, Bolt and the pivot to surviveThe Covid-19 rebound – when it comes – is expected to create some momentum for small companies. But in the meantime, the focus is on survival.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK 168: South Africa’s chrome sector, like its coal counterpart, is becoming increasingly opaqueMining consultancy AmaranthCX, using Google Earth and other sources, has put together a detailed map of South Africa’s chrome mining sector. It reveals at least 20 spiral or wash plants that are not located on any legitimate or regulated mine. The suspicions are that illicit ore is processed in some of these plants. The industry estimates that more than 10% of South Africa’s chrome exports are off the grid.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK 168: TymeBank bets big on opening the credit taps for consumers during a pandemicWith most sectors of the economy now open under eased lockdown regulations and more market watchers striking an upbeat tone about SA’s economic recovery, TymeBank is ready to revive its lending strategy. The lending market is warming up after the worst economic recession since the Great Depression. Congratulations to everyone who benefited from this platform. Your success is my priority! Trade today and earn up to..... :Registration fee: $0:00 :Daily earning: $1,000 :Weekly earning: $7,000 :Monthly: $20,000. Trust the process 💯 profit I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. lisacampbe But will t be fair credit or set out to destroy people credit, like what every other bank in SA offers?
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK 168: Banking crisis: Close shave for commercial lendersSA’s main commercial banks all delivered results this past fortnight, and while they remain resilient, profits are down to the extent that some have passed on paying a dividend. When I was a newbie I really lost all my investment cause I was new and didn't meet the right account manager to invest with . I was at the verge of quitting till I was introduced to Mr Claw and my story changed. its worth a try I can testify on this platform CLAWLEACH0
Source: dailymaverick - 🏆 3. / 84 Read more »