SA capital spending plunged 37% as state scaled back expenditure | Business

📆 9/2/2566 0:45:00
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Planned spending on capital projects in South Africa plunged 37% last year as the state scaled back expenditure, and the downswing is likely to continue in 2023, economists at the Nedbank Group said. | News24_Business

The private sector announced plans to spend more last year, increasing its investment 59% to R193.6 billion, the data show. Most of the biggest projects were announced in the first half of the year, the economists said.

"Excluding those mega projects, total project announcements amounted to around R60 billion, suggesting hesitancy among businesses to commit to large capital expenditure given weak business confidence," the economists said.

เขียนความคิดเห็น

_Business Hey those social grants is expensive.

_Business Another broken ANC promise

_Business Yep and we remember being told by a certain person that billions was going to be pumped into our economy except it wasnt confirmed at all. Pledges are not confirmation.

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ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว