THE incoming administration is set to inherit improved business confidence after sentiment rose in April for the first time since January in anticipation of a more stable post-election policy environment.
“The pending national and provincial elections have cautioned business in taking medium-term views and positions - notably on investment,” Mukoki said. The index, which reached a two-and-a-half-year high of 99.7 points in January last year following the ascension of President Cyril Ramaphosa as leader of the ANC, went on the back foot as Eskom’s financial and operational woes took their toll on the ailing economy.“Markets expect a rally on a strong ANC win, with potentially marked rand strength,” she said.
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