Business confidence jumps to two-year high

sentiment has risen to an almost two-year high, underpinned by the return of sustained power supply, optimism about the economy and political certainty after the 29 May election.rose to 38 in the three months to September, from 35 in the prior quarter, according to a report published on Wednesday.

The reading is the highest since the last quarter of 2022 and the first survey since the election in May The release adds to other positive data suggesting a turnaround in the economy. On Tuesday, data from the statistics agency showed South Africa’s economy expanded by 0.4% in the second quarter, compared with no growth in the prior three months.

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