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flag South Africa’s business confidence hit its highest since 2015 in early 2026 due to stability, lower rates, and a stronger rand, despite ongoing challenges in manufacturing and investment.

flag South Africa’s business confidence rose to 47 in Q1 2026, its highest level since 2015 outside the post-COVID rebound, fueled by political stability, lower interest rates, and a stronger rand. flag A well-received State of the Nation Address and improved fiscal processes boosted optimism, though manufacturing confidence dropped to 30 amid weak demand and production. flag Concerns persist over global supply chain disruptions from the Middle East conflict, rising energy costs, and sluggish investment, with economists warning sustained growth depends on stronger demand and structural reforms.

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