Business confidence hits lowest since 1980s

Restoring confidence is the cheapest form of stimulus, says SA Reserve Bank governor Lesetja KganyagoIn a sign of the challenges facing President Cyril Ramaphosa as he seeks to boost the economy and attract investment, business is more gloomy than it has been since the turbulent 1980s when PW Botha’s infamous Rubicon speech entrenched SA’s pariah status.

Just four months after an election that was meant to reinforce his reformist credentials, Ramaphosa has faced increasingly loud calls from business leaders to enact changes needed to improve the investment climate. Two business confidence indicators on Wednesday painted a grim picture, suggesting the post-election optimism is all but gone.

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Business confidence hits lowest in at least 20 yearsThe BCI has not been this low since the 1998-1999 emerging-market debt crisis
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »

BUSINESS MAVERICK: Business confidence is in (extremely) short supplyMisery, it is often said, is a communicable disease. And so it is turning out for business confidence. Depression is feeding on itself, and that showed up on Wednesday 11 September in not one but two business confidence indices, which show pessimism is now at levels not seen in decades.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: South Korea’s Unemployment Rate the Lowest Since 2013South Korea’s unemployment rate plummeted to the lowest level in nearly six years in August, a rare positive sign for an economy facing headwinds from weak global demand.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

OPINIONISTA: Confidence key to spreading green shoots emerging in fixed investmentIt’s getting difficult to find any positive news flow in South Africa at this point. The frustration around the stasis in policymaking is apparent in many conversations that happen every day. With sentiment this bleak, it is important for us to take note of the positive developments.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »