Find expert commentary and analysis written exclusively for News24 on the coronavirus pandemic, its social and economic impact and how South Africa is responding to the challenge.
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South African business sentiment plunged to the lowest level in more than two decades in the first quarter and could weaken even further as the coronavirus hits the domestic and global economy.
Business confidence has been on a steady decline over the past decade.
Business confidence improved in the fourth quarter for the first time in almost two years, yet the economy remains stuck in a downward phase.
Confidence increased from its lowest level in more than three decades in September.
SA can learn something about building business confidence from the tech giants like Google and Amazon, says Grant Sieff.
The business climate in South Africa still lags behind conditions that prevailed in 2018, according to the latest Business Confidence Index released by the SA Chamber of Commerce and Industry.
The president, speaking to farmers on a wine estate in Stellenbosch, says he is a 'huge supporter' of business delegations accompanying him on official international trips.
Experts told Fin24 that while larger companies have become more responsive to South Africa's grid challenges in the past decade, small businesses remain vulnerable.
The index dropped to 93.4 in February to from 95.1 in the previous month, the South African Chamber of Commerce and Industry has said.
For the first time since July 2018, respondents in the Absa Purchasing Managers' Index expect business conditions to improve in six months' time.
SA's business climate is not giving up on "battling the odds" of a tight financial environment and economy", says the SA Chamber of Commerce and Industry.
This is the longest period the index has trended below 50 points in nearly a decade. Meanwhile the perception of general economic conditions in the country fell to the lowest level since 2016.
Investors are reluctant to make decisions in an uncertain environment, says the SA Chamber of Commerce and Industry.
Business confidence declined in July after improving marginally in June, according to the latest South African Chamber of Commerce and Industry Business Confidence Index.
Business confidence ticked higher in June, but remains below levels from a year ago after weak economic data and power blackouts in the first half of 2019.
The Business Confidence Index of the SA Chamber of Commerce and Industry has improved compared to March, but is still below that of April 2018.
De Beer Attorneys announced last month that it would initiate a class action against Eskom on behalf of businesses that have suffered losses due to load shedding.
President Cyril Ramaphosa has his work cut out if he doesn't want business confidence to go into a deep funk, says Ferial Haffajee.
The business chamber says the Business Confidence Index's upward momentum from early 2018 slowed and started to stagnate towards the end of the year.
Business conditions in the private sector deteriorated for the sixth consecutive month, but there are signs of a turnaround in the economy, according to the IHS Markit Purchasing Manager's Index for December.
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