Con­fi­dence lacks in SA busi­ness

The Star Early Edition - - BUSINESS -

SOUTH Africa’s re­cent po­lit­i­cal tur­bu­lence has re­sulted in a de­pressed busi­ness con­fi­dence in the coun­try as busi­ness ex­ec­u­tives took a pes­simistic out­look for the na­tion’s econ­omy over the next 12 months. This is ac­cord­ing to global ad­vi­sory firm Grant Thorn­ton’s sec­ond quar­ter In­ter­na­tional Busi­ness Re­port re­leased yes­ter­day. The re­sults from the sur­vey showed that the coun­try’s busi­ness ex­ec­u­tives views in the sec­ond quar­ter are 28 per­cent in terms of their per­cep­tions of their out­look for the coun­try’s econ­omy in the year ahead, 47 per­cent­age points de­cline from the first quar­ter. It found that 67 per­cent of SA busi­ness ex­ec­u­tives op­er­a­tions and busi­ness de­ci­sions are im­pacted by a tur­bu­lent econ­omy and un­cer­tainty about the coun­try’s fu­ture di­rec­tion in the last six months, while 37 per­cent of to­tal South African re­spon­dents are de­lay­ing busi­ness ex­pan­sion plans. And 32 per­cent of ex­ec­u­tives said they are putting off in­vest­ment de­ci­sions. – Ka­belo Khu­malo

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