The business confidence index, compiled quarterly by Rand Merchant Bank and Stellenbosch University’s Bureau for Economic Research, fell by three points to 28 in the first quarter of 2019 — with more than seven out of 10 businesspeople unsatisfied with current conditions.
Depressed business confidence does not bode well for the economy, already under immense pressure from load-shedding, prolonged strikes in the primary sectors of the economy and slower global growth. Growth forecasts for the year are already tepid, with the economy expected to expand by less than 2%. Four of the five sectors covered in the survey now have confidence levels in the low 20s. The wholesalers sector was at 40.
“Yet, as encouraging and necessary as these have been, measures such as these to first expose past corruption, and then to deal with rebuilding institutions, will only bear fruit in the longer term.”
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
SA business confidence falls to five-month low in February
Källa: ewnupdates - 🏆 30. / 53 Läs mer »
Aspen to split SA commercial pharmaceutical businessThe multinational drugmaker bids to strategically review its South African and European operations. I hope there will be more local ownership in the different entities Atleast there will be a job CREATIONS in these areas,well appreciated.
Källa: eNCA - 🏆 49. / 51 Läs mer »
MAVERICK BUSINESS: Group Five: Another SA construction giant buckles under the pressureGroup Five, one of SA’s biggest names in construction and the company that built the Moses Mabhida stadium and King Shaka airport in Durban, filed for business rescue on Tuesday 12 March, becoming the latest in a long line of construction companies that have gone under in the past few years. The question now is not so much whether the company sector can be saved, but whether the sector can ever be revived, and if so, how. When companies like group 5 are crumbling, what chance do we have as smaller construction companies? It's tough It is tough out there.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
SA, Zimbabwe vow to expand economic ties, send condolences to Ethiopia | IOL Business ReportRamaphosa, Mnangagwa concluded the Bi-National Commission (BNC) in Harare on Tuesday, with calls for the expansion of trade and economic ties.
Källa: IOL - 🏆 46. / 51 Läs mer »
SA to help Zimbabwe get back on its feet | IOL Business ReportRamaphosa said the SA Reserve Bank was engaged in discussions to help the Reserve Bank of Zimbabwe to secure as much as $7million (R99.8m). busrep Hahhaaa what a joke - first fix the mess that is South Africa dumbasses busrep Good news. busrep How can SA assist Zim yet it has its own problems that has not even been resolved.unemployment among the youth is 50%,drug use,violent crimes,school sanitation, education is poor,public health care is bad and land reform such an endless list.
Källa: IOL - 🏆 46. / 51 Läs mer »
Fake pastors and their followers: This is why the ‘God business’ is thriving in SANewsletter| Our people are lost. They are hopeless and sick, and in need of healing. Most importantly, they want to find themselves. This is why fake pastors are thriving, writes Chris Maxon Jeremiah 5:31 When human babies are born they give out their first cry. But there is nothing to beat resurrection gasp! 🤣 Jeremiah 8:22
Källa: City_Press - 🏆 7. / 72 Läs mer »
Cassava Fintech launches cross border money service from SA to Africa | IOL Business ReportCassava Fintech South Africa has launched an enhanced cross-border money transfer service from South Africa to the rest of Africa
Källa: IOL - 🏆 46. / 51 Läs mer »
Politics, economy and business: Unpacking corruption in SA | IOL NewsOPINION: Corruption is embedded in processes of class formation – specifically, the formation of new black elites. This means corruption is primarily a matter of politics and the shape of the economy. Ole Sad Sack...
Källa: IOL - 🏆 46. / 51 Läs mer »
Back small business and SA will regain its economic competitivenessNewsletter| The fastest growing economies in the world are in Africa – Kenya, Uganda, Rwanda, Ghana and Ethiopia. SA needs to do right by small business for it to regain economic competitiveness in the world, let alone on the continent, writes Dudu Msomi True south Africa is a big economy it needs to do more.
Källa: City_Press - 🏆 7. / 72 Läs mer »