SA Chamber's data shows business confidence waned in May | IOL Business Report

JOHANNESBURG – South Africa's business sentiment and conditions deteriorated in May, data from the South Africa Chamber of Commerce and Industry and Standard Bank showed. Sacci’s business confidence index waned from 93.7 points in April to 93 points in May on the rand’s depreciation against the major currencies with the decline of the JSE all-share index, poor vehicle sales and depressed retail sales weighing further on sentiment.

“Public sector financial challenges at all levels of government as well as some state-owned enterprises also call for urgent remedies by the new administration.” “In rand, the JSE All Share Index lost 4.8 percent in the month, which reduced 2019 returns to 7.1 percent. This is still ahead of cash, but over one year local cash has beaten equities,” Mohr said.

whereiscyril has anyone see CyrilRamaphosa! Can Facebook help and maybe activate a “I’m safe after the ANC legotla” thingy? We are very concerned 😜

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