SA business confidence jumps to highest level in more than two years
SA business confidence jumped to the highest level in more than two years as further easing of lockdown restrictions spurred a resurgence in activity.
SA business confidence jumped to the highest level in more than two years as further easing of lockdown restrictions spurred a resurgence in activity.
South Africa’s Business Confidence dropped to an unprecedented low during the second quarter, the RMB/BER Index recording just 5 points out of the possible 100.
After remaining unchanged at 28 during the second quarter, the RMB/BER Business Confidence Index dropped to 21 in the third quarter.
After surging from 34 to 45 in the first quarter, the RMB/BER Business Confidence Index deteriorated to 39 in the second quarter of 2018.
The RMB/BER Business Confidence Index (BCI) jumped by 11 points from 34 in the fourth quarter of 2017 to 45 in the first quarter of 2018.
The government has a narrow window of opportunity to put in place an action plan to change the country’s longer-term growth prospects for good.
After remaining unchanged at 36 in the first quarter, the RMB/BER Business Confidence Index (BCI) fell to 32 in the second quarter.
For the first time in nearly two years the RMB/BER Business Confidence Index has breached the neutral mark of 50, coming out at 51 indicating a positive move in business confidence based on a survey of businesspeople in five sectors within the South African market.
The latest South African business confidence index has risen to 46 points, which is a substantial move upward from its level of around 40 that has been the standard for the last year. Any number below 50 represents negative sentiment toward the business environment and any number above 50 represents positive outlooks coming from the … Read more
JOHANNESBURG (Reuters) – South Africa’s quarterly business confidence index increased by five index points to 46 in the third quarter of the year, indicating some satisfaction about business conditions in Africa’s largest economy. The Rand Merchant Bank (RMB) survey, conducted by the Bureau for Economic Research (BER), showed improvement in all sectors except for new … Read more