Business confidence did not decrease as much as expected due to the looting of shops in July 2021. Picture: Neil McCartney
The good news is that it was still not as bad as when finance ministers were switched over a weekend in December 2015. Business Confidence Index for July 2021, business confidence dipped slightly in June 2021 by 0.8 index points to 96.2 and declined further by 3.0 index points to 93.2 in July 2021. According to SACCI’s data, three sub-indices positively impacted the BCI month-on-month between July 2021 and in June 2021. The positive month-on-month contributions in July 2021 mainly came from merchandise export and retail sales volumes. Less new vehicle sales and less merchandise import volumes also had a notable negative impact on the business environment.
Although they had to deal with energy supply and tighter credit extension to the private sector, eleven of the thirteen sub-indices had a positive impact on business confidence in July 2021 compared to July 2020. The real economy benefitted the business climate the most between July 2021 and July 2020.SACCI says in a statement that the collective actions of businesses and communities resulted in a containment of the disruptions caused by the rioting and looting by mobs in certain areas.
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Unrest in SA hampers business confidence in JulyThe spate of looting and destruction during July was a setback to economic objectives of inclusivity, growth and job creation For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott64 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
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Unrest in SA hampers business confidence in JulyThe spate of looting and destruction during July was a setback to economic objectives of inclusivity, growth and job creation
Source: BDliveSA - 🏆 12. / 63 Read more »