News Formal

S.Africa's business confidence index inches up in third quarter -survey

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

South Africa's business confidence edged higher in the third quarter as fewer power cuts provided respite to firms battling high-interest rates, according to a survey by a private investment bank.

The survey by the Rand Merchant Bank and compiled by the Bureau for Economic Research showed the business confidence index climbed to 33 points in the third quarter, up from 27 points the previous quarter.

Power cuts, which have plagued Africa's third-largest economy, reduced over the past weeks, compared with the first half of the year. However, production costs and stock levels were high, the survey said.

 

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:

 /  🏆 31. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Climate finance and clean technology is the tune Africa must sing at the Africa Climate SummitThe first Africa Climate Summit is in full spring; Mohamed Adow of think-tank Power Shift says the continent must be part of the solution to a just transition
Source: mailandguardian - 🏆 2. / 92 Read more »

Kaspersky Appoints New General Manager for Africa - IT News Africa | Business Technology, Telecoms and Startup NewsKaspersky announced the appointment of Andrew Voges as the new General Manager for Africa. Given the rapidly evolving digital landscape...
Source: ITNewsAfrica - 🏆 27. / 59 Read more »