South African business confidence rises to highest since late 2022 due to coalition government and stable electricity.
Business confidence in South Africa has improved, reaching its highest level since late 2022, following the establishment of a coalition government and stable electricity supply. A recent Rand Merchant Bank survey indicates a rise in the business confidence index to 38, bolstered by anticipated interest rate cuts and the two-pot retirement system. While retail confidence has increased, manufacturing remains stagnant, highlighting the need for sustained demand and addressing logistical challenges.
September 04, 2024
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