SA business confidence improves in third quarter, but economic momentum remains sluggish

Business confidence remains cautiously optimistic in South Africa. File Picture: Jeffrey Abrahams / Independent NewspapersBusiness confidence in South Africa improved in the third quarter of 2024, according to the RMB/BER Business Confidence Index , but cautious optimism prevails as consumers remain under pressure on numerous fronts.

However, economic activity remained sluggish as continued financial pressure on consumers and weak demand from export markets continued to weigh on business sentiment. South Africa’s GDP grew by just 0.4% in the second quarter, according to data released by Statistics South Africa . South African new vehicle sales saw a 4.9% year-on-year decline in August as high interest rates continued to weigh down on consumers.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Business confidence jumps to two-year highSouth African business sentiment has risen to an almost two-year high, underpinned by the end of load shedding.
Source: TechCentral - 🏆 8. / 71 Read more »

Increasing business confidence shows cautious optimismBusiness confidence is increasing now that there is less political uncertainty, but demand is still low, hampering economic growth.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

GNU having ‘positive effect’ on business confidenceCyril Ramaphosa said the formation of the Government of National Unity (GNU) has had a positive effect on business confidence
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Successful formation of GNU had positive effect on business confidence in SAPresident Cyril Ramaphosa said there has been an uptick in investor confidence in the country since the May elections.
Source: ewnreporter - 🏆 35. / 51 Read more »

Future-proof your business with corporate training solutions from Regent Business SchoolRegent Business School has over 25 years of experience in skills development and offers an extensive range of corporate training and development programs.
Source: mybroadband - 🏆 11. / 67 Read more »