LIT­TLE CON­FI­DENCE IN LO­CAL ECON­OMY, SAGE RE­VEALS

Finweek English Edition - - INVESTMENT -

Ac­cord­ing to re­cent re­search pub­lished by Sage, global busi­ness con­fi­dence is re­turn­ing, “en­cour­ag­ing a fresh at­ti­tude to risk-tak­ing”. In its an­nual Busi­ness In­dex re­port, Sage sur­veyed over 11 000 small- and medium-sized busi­nesses in 17 coun­tries across the world and re­vealed that busi­nesses “are now more con­fi­dent than they have been for three years”. The find­ings showed that lo­cal busi­nesses are in­creas­ingly op­ti­mistic about their own prospects, ris­ing 1.61 points to 65.80 points out of a 100. When it comes to the coun­try’s econ­omy, though, busi­nesses are “in­creas­ingly pes­simistic” about SA. Con­fi­dence in the lo­cal econ­omy has fallen 3.11 points from 43.03 in 2012 to 39.92 in 2013.

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