Business confidence lifts on election sentiment

Just a day before South Africans head to the polls to vote in the general election, a report showed that business confidence picked up on promises of economic growth and job creation.

The index, among other things, is generally regarded as a dip-stick of business sentiment in the country. Sentiment lifted at the start of 2018 on expectations of better business prospects following the election of Cyril Ramaphosa as ANC president. The index, however, has fallen significantly in the context of sluggish economic conditions and continued political uncertainty.

Five of the 13 sub-indices of the BCI improved from March while five remained unchanged, and three declined. The five that improved were the rand exchange rate against the major trading and investment currencies; higher share prices on the JSE; increased real value of building plans passed; real retail sales; and merchandise import volumes.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

SA business confidence index edges up in cautious climate'The upcoming elections create an unpredictable economic environment for the next month or two,' says SACCI.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Business Maverick: South African Assets Signal Rising Anxiety as Election NearsSouth African assets are signaling increasing investor anxiety about Wednesday’s election, with the fate of the rand and government bonds tied to the extent of the ruling African National Congress’ expected majority and what that implies for policy.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business leaders offer president tips to grow economy post electionsTo reinvigorate the economy, SA's president needs to prosecute those accused of plundering the government, fix state-owned companies and cut debt, among others, according to business leaders. Fin24 Tip number one: exclude anyone whose wealth has more than quadrupled since the ANC took over. Tip number two: check the hidden wealth of the remaining ANC candidates' families. If there are remaining, check for pulse and other signs of life
Source: News24 - 🏆 4. / 80 Read more »

Elections 2019: the Goldilocks scenario for businessSPONSORED | Most businesses and investors are hoping for a strong ANC majority to make the hard decisions necessary to restore confidence in SA, said a leading political commentator at the Investec for Intermediaries event. Listen to the full podcast. Investec And then ANC may still go into coalition with EFF. So voting ANC, already burdened with strong Zupta presence seems like a troublesome choice. Investec So all they care about is investor confidence, what about the social wellbieng of the citizens? ANC makes me sick
Source: BDliveSA - 🏆 12. / 63 Read more »