SA business mood recovers, faces Ukraine war risks | Fin24

South African business confidence climbed in the first quarter as the negative impact of the coronavirus pandemic, power cuts and a three-week strike in the steel and engineering industry began to wane. The respite may be temporary because of supply shocks caused by the war in Ukraine.

The advance was driven by improvements in three of the five industries the index tracks - the vehicle, wholesale and manufacturing sectors, which were negatively impacted by the strike and intermittent electricity outages. "Improved supply made for increased sales, but even so dealers could not fully satisfy demand as stocks remained below satisfactory levels," RMB said.

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Source: BusinessTechSA - 🏆 24. / 61 Read more »

South Africa’s business mood recovers – but now faces Ukraine war risksSouth African business confidence climbed in the first quarter as the negative impact of the coronavirus pandemic, power cuts and a three-week strike in the steel and engineering industry began to wane.
Source: BusinessTechSA - 🏆 24. / 61 Read more »