In this week's edition we take a look at the Zuma effect, surprising ways the economy will change and deliver a sobering Covid-19 report card.
High level clouds. Warm.
An index tracking expected business conditions in 6 months’ time has fallen to below its lowest reading recorded during the 2008/09 global recession.
More than seven out of 10 businesses indicated that they are unsatisfied with prevailing operating conditions, a survey shows.
The performance of the civil construction sector in South Africa has gone from bad to worse, with the latest FNB/BER Civil Confidence Index reflecting the lowest confidence levels ever recorded.
The SA Reserve Bank wants to see sustainably lower inflation to ensure cheaper borrowing costs in the economy, says Governor Lesetja Kganyago.
South African business confidence fell to the lowest level since the country lost its investment-grade credit rating, as political and policy uncertainty continue to weigh on sentiment.
Should economic growth fail to improve in line with consumers’ lofty expectations, frustrations will likely grow and dissatisfaction may set in, the latest FNB/BER consumer confidence index shows.
The BER/Absa Purchasing Managers’ Index came in weaker than expected in June, losing 1.9 points to reach 47.9, down from 49.8 points in May.
Respondents to the latest Absa Purchasing Managers' Index were significantly more upbeat about business conditions in SA going forward.
SARB's monetary policy committee could lower the interest rate by a further 25 basis points next week, according to Craig Lemboe of the Bureau for Economic Research.
A sharp deterioration in business sentiment reflects more than just the impact of increased political uncertainty, according to a business confidence Index.
With the Covid-19 outbreak, it's uncertain whether certain civil construction projects planned by government will be able to go ahead as planned, says an economist.
For the second month in a row, respondents to the Absa Purchasing Managers' Index have scaled back their optimism about future business conditions.
A central bank cannot be held accountable if "other actors" can sway its actions, says SA Reserve Bank Governor Lesetja Kganyago.
For the first time since July 2018, respondents in the Absa Purchasing Managers' Index expect business conditions to improve in six months' time.
South African business confidence dipped to the lowest level this year as industries raised concern about policy uncertainty, including the ANC's plan to change the Constitution to make it easier to expropriate land.
The economic research institute said that the second quarter of 2018 brought a 'stark reality check after the euphoria that characterised the early part of 2018'.
Business confidence in SA has deteriorated in the second quarter of 2018 after a first-quarter surge, according to the latest RMB/BER Business Confidence Index.
Despite a slight increase in confidence, the building sector is likely to continue to perform poorly in the fourth quarter, according to the Building Confidence Index.
Reduced business confidence in SA implies reduced investment, which at best is likely to stagnate this year, says a senior analyst at Moody's Investors Service.
There are promising indications that the manufacturing sector has started the year on a solid footing, according to the latest Absa Purchasing Managers’ Index.
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