LITTLE CONFIDENCE IN LOCAL ECONOMY, SAGE REVEALS
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.