South African Business Confidence Dips on Political Uncertainty

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South African Business Outlook Rose on Expectations of a Coalition GovernmentSouth African companies’ confidence in the economy improved before last week’s election on expectations that results would produce a coalition government.
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South African Leftist EFF Rejects Governing With Pro-Business DASouth Africa’s leftist Economic Freedom Fighters won’t join a government that includes the centrist opposition Democratic Alliance, the party’s deputy leader said. The rand strengthened.
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Australian Business Confidence Turns Negative, Prices Pick UpAustralia’s business confidence turned negative and conditions slipped to below-average levels, suggesting high interest rates and darkening consumer outlook are dragging on the corporate sector.
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